aliforex Posted August 31, 2016 Share Posted August 31, 2016 Mostly broker offer demo account for backtesting skill, and also many broker provided demo contest which as trader they can take part in demo contest and if they can become one winner hence will get prize But if any trader want to learn seriously to manage the risk in demo will better use ordinary demo account, because usually if use contest demo hence they will trade with using maximum lot size because want to making huge profit to get victory Taking part in trading contest, will give use more trading experience. Then use our trading experience to help us to more improve skill Quote Link to comment Share on other sites More sharing options...
bearhugs Posted September 5, 2016 Share Posted September 5, 2016 I think main disadvantage of Demo is that, people do not take real account as serious because they have demo as game. And they think real account is also going to be the same. Quote Link to comment Share on other sites More sharing options...
tray22 Posted September 5, 2016 Share Posted September 5, 2016 Demo trading should be the very first type of trade any trader should take because it prepare the trader ahead and make him to know that one day he is going to embark on real trading account mission Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 5, 2016 Share Posted September 5, 2016 Taking part in trading contest, will give use more trading experience. Then use our trading experience to help us to more improve skillMaybe will become good opportunity take part in demo contest, might as trader they can tesing strategy on contest for backtesting purposes, and if they get victory on demo contest with testing one strategy hence might also will making confident to use strategy in real account but of course need adjusted lot size according amount capital Quote Link to comment Share on other sites More sharing options...
myregister Posted September 8, 2016 Share Posted September 8, 2016 Maybe will become good opportunity take part in demo contest, might as trader they can tesing strategy on contest for backtesting purposes, and if they get victory on demo contest with testing one strategy hence might also will making confident to use strategy in real account but of course need adjusted lot size according amount capital You can test your strategy in demo account, that is a good place but remember demo account is still demo account but the real trading is different thing. In real trading people trade to get more money which means this is actually the final account which where we must spend our time. Quote Link to comment Share on other sites More sharing options...
aliforex Posted September 8, 2016 Share Posted September 8, 2016 Maybe will become good opportunity take part in demo contest, might as trader they can tesing strategy on contest for backtesting purposes, and if they get victory on demo contest with testing one strategy hence might also will making confident to use strategy in real account but of course need adjusted lot size according amount capital Trading contest will help us to hone trading skills, get more trading experience, including test our trading strategy. We just have to use demo contest as well as possible, use it wisely Quote Link to comment Share on other sites More sharing options...
Levie Posted September 15, 2016 Share Posted September 15, 2016 Demo account is a place you can use to practice your ability and strategy if it will work for effective trading. And make sure that you have good plans o trading, it can help you minimize loss. Live account is a place that you apply what you've learn. Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 15, 2016 Share Posted September 15, 2016 Demo is demo and real is real, in demo account we can use for learning purposes if any trader they want to backtesting new strategy and system trading hence they can use demo account for learning purposes, and for forward test indeed real account will involved emotion and can built up good psychology trading Quote Link to comment Share on other sites More sharing options...
Squirrel Nuts Posted September 16, 2016 Share Posted September 16, 2016 I would say that Demo is a learning process, and Live trading is a earning process. You can learn through Demo Trading and earn Through Live Trading. Quote Link to comment Share on other sites More sharing options...
aliforex Posted September 19, 2016 Share Posted September 19, 2016 I would say that Demo is a learning process, and Live trading is a earning process. You can learn through Demo Trading and earn Through Live Trading. A trader will get experience, get lesson to make them be more ready to trade in forex. But, we also still need to improve skill using real account. Trading psychology only can be honed if we use real account to trade Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 20, 2016 Share Posted September 20, 2016 A trader will get experience, get lesson to make them be more ready to trade in forex. But, we also still need to improve skill using real account. Trading psychology only can be honed if we use real account to trade In daily trading we will always analyze the market update and we will trying to catch opportunity in the market and about profit and loss in trading sometime inevfitable and we will always trade with risk management to manage risk with learn better how to determine best timing to enter and exit Quote Link to comment Share on other sites More sharing options...
Squirrel Nuts Posted September 20, 2016 Share Posted September 20, 2016 Demo is the short term process, but live trading is the never ending process, which could yield you lots of income. Demo is the way of learning and Live trading is the source of earning. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 21, 2016 Share Posted September 21, 2016 This forex trading experience is essential. Trading with a lot of experience will allow us to trade with the maximum. That's why we have to have a lot of experience with trading on a demo account or to participate in the contest demo of TICKMILL Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 21, 2016 Share Posted September 21, 2016 Almost broker offer demo account for learning purposes especially newbie they must learn using demo account, which might as newbie they still blind how to use mt4 platform and indicator forex, with demo account they can practice and learn how to use indicator and use many feature that available in mt4 platform Quote Link to comment Share on other sites More sharing options...
Ronnie Irani Posted September 22, 2016 Share Posted September 22, 2016 It’s crazy to think we got to have versus scenario here, I believe we got to do both demo/real in order to work it out and if we are not doing that then we will have obvious battle with things. I am very lucky that I trade with broker like OctaFX where I never have to deal with boredom and that’s thanks to using their epic demo contest feature especially Southampton Supreme, it’s marvelous with been just 90 minutes yet got unlimited prizes to be won plus there are several other contest we can participate on, so that further helps up with trading for me and allows me to work nicely with high level of motivation present due to prizes. Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 22, 2016 Share Posted September 22, 2016 However very advisable for newbie using demo account, for learning purposes, this is one way to manage money in uncertainty market condition with practice using demo account, although only use demo account actually will useful for backtesting system and strategy with free of risk, but yes usually different emotion when we trade use in real account Quote Link to comment Share on other sites More sharing options...
garuk Posted September 23, 2016 Share Posted September 23, 2016 demo account can be used to train the trading capabilities that we have, especially for a beginner. If in a demo account has been better, could switch to a real account using small capital used to be like in the FBS micro account with a minimum deposit of only $ 5 Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 6, 2016 Share Posted October 6, 2016 Of course in demo account we will get lesson if we take care in learning process, with demo account any trader they can backtest any system trading and strategy trading, some trader also using demo account for backtesting ea before forward test in real account, and if on demo still often fail hence not differ much in real account, and in real account really this is already real battle in the market Quote Link to comment Share on other sites More sharing options...
aliforex Posted October 6, 2016 Share Posted October 6, 2016 Demo or real, we must try to maximize it as well as possible.AS a trader, we must try to maxmize demo account as well as possible. Do not forget to improve our trading skills. From time to time, our skills must be improved. Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 8, 2016 Share Posted October 8, 2016 Demo or real, we must try to maximize it as well as possible.AS a trader, we must try to maxmize demo account as well as possible. Do not forget to improve our trading skills. From time to time, our skills must be improved.I think if we having small capital hence we can start with using real account, assume if get loss in trading hence it's as cost for learning because in real account we will faced with emotion and will better built up better psychology using real account because we can manage and learn how to control emotion better than demo account Quote Link to comment Share on other sites More sharing options...
aliforex Posted October 10, 2016 Share Posted October 10, 2016 I think if we having small capital hence we can start with using real account, assume if get loss in trading hence it's as cost for learning because in real account we will faced with emotion and will better built up better psychology using real account because we can manage and learn how to control emotion better than demo account Altough we only use small capital for trading, but if we can maximize that amount using our trading skills, we will be able to earn more profit. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 10, 2016 Share Posted October 10, 2016 Altough we only use small capital for trading, but if we can maximize that amount using our trading skills, we will be able to earn more profit. Sure this market is not the rich zone but this is for all of circle, so if you don't have big amount on your bank account or your pocket, so you still have chance to join this market and making money Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 12, 2016 Share Posted October 12, 2016 Sure this market is not the rich zone but this is for all of circle, so if you don't have big amount on your bank account or your pocket, so you still have chance to join this market and making moneyYes in forex business we can start only with small capital, which some broker offer low minimum deposit even use 1$ already having opportunity to making money trough forex trading, but actually not easy making profit without good experience and good learning Quote Link to comment Share on other sites More sharing options...
myregister Posted October 14, 2016 Share Posted October 14, 2016 LOL this thread still never end? In forex demo account and real account will never beat each others, in fact demo account will be a complementary for real account and vice versa. This is for the sake of traders no matter what is their status, are they newbie or they are experts. All of them still need demo account and of course real account. Quote Link to comment Share on other sites More sharing options...
aliforex Posted October 14, 2016 Share Posted October 14, 2016 Surely we need to maximize demo account and real account as well as possible to make us be better when trading. We will get trading experience to make us be better when trading and can earn more profit Quote Link to comment Share on other sites More sharing options...
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