gaban Posted February 25, 2013 Share Posted February 25, 2013 yes, demo account is good place for newbie to practice and to test their trading strategy and trading skill. for experienced traders, demo account also important place to regain their confidence back after suffering some of consecutive loss that probably it make them feeling down. Yeah, you're right. And with demo account, we can take part in demo contest from our broker, we can get many trading experience, and get chance to win the prize. But i think the most important is we can hone our trading skills and make it be better. Quote Link to comment Share on other sites More sharing options...
standart Posted February 25, 2013 Share Posted February 25, 2013 Yeah, you're right. And with demo account, we can take part in demo contest from our broker, we can get many trading experience, and get chance to win the prize. But i think the most important is we can hone our trading skills and make it be better. yes, demo contest also good place since we can feel the real pressure how to compete with other traders. the atmosphere in demo contest maybe same like if we trading in real account too. but to win a demo contest is not easy for sure since there are some traders that able to get 1000 pips or more in a week. and even though I don't know what method they use, they are obviously damn good. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 26, 2013 Share Posted February 26, 2013 demo contest is the best place to test our abilities and the type of trading. one of the best places for this type of trader scalper is armada markets. Average execution time is 0.25 seconds you can try demo account any time in 24 X 5 , and also we don't need any kind of worry of losing here, even we loss i think it doesn't matter at all, so that is why demo account is the best place for traders to trade or at least to sharpen their skill in trading. but there are demo contest which you can follow and it give us real bucks if we win that contest. Quote Link to comment Share on other sites More sharing options...
standart Posted February 28, 2013 Share Posted February 28, 2013 even though demo account not use real money, important to traders serious when practice in demo account. treat demo account like if traders trade in live account will give the best result in their practice. sometimes traders able to get good result in demo account but unable to do same in live account and the answer for this problem is seriousness I guess. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 5, 2013 Share Posted March 5, 2013 Definitely, they need to achieve the things to get started in Forex. If they are not serious enough then, they might not be able to continue and proceed with the more advance trading. And we need to continuously practice for the betterment of our trading strategy. There's no other means to learn more than in trading so we need to use this to develop our trading. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 5, 2013 Share Posted March 5, 2013 even though demo account not use real money, important to traders serious when practice in demo account. treat demo account like if traders trade in live account will give the best result in their practice. sometimes traders able to get good result in demo account but unable to do same in live account and the answer for this problem is seriousness I guess. even they treat it, but it still lack of psychology side dude. i don't know if you feel it when you trade in demo account but for me i don't feel much about it, and even sometimes i don't feel that thing, how it feels to be greedy or afraid. everything is just flow here, even like that as sandbox place this place is important for me. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted March 6, 2013 Share Posted March 6, 2013 Yes, I think that using a demo account is the place to practice because we all know that we can experience Forex trading without needing to spend any single penny. So, you have nothing to lose when you are trading with your demo account and yet you are getting experiences from your demo account. Quote Link to comment Share on other sites More sharing options...
chintu Posted March 9, 2013 Share Posted March 9, 2013 Yes, I think that using a demo account is the place to practice because we all know that we can experience Forex trading without needing to spend any single penny. So, you have nothing to lose when you are trading with your demo account and yet you are getting experiences from your demo account. Yes no doubt demo trading is the best way to practice trading and that can give a complete way to a good trading experience and as well as learning experience . Every trade will start his forex carrier with demo trading and nothing else . But be sure that take your demo trading seriously so that you can perform better in real trading account . Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 9, 2013 Share Posted March 9, 2013 Our experience in trading is the most significant to find other learning we will have in Forex. Not all knowledge can just be found in only the reading but also when we do or implementation and application of such. It's the hands on learning where we usually understand more the market that we can't write down or explain well. Quote Link to comment Share on other sites More sharing options...
indieover Posted March 12, 2013 Share Posted March 12, 2013 Indeed if we have lots of experience that we would be able to apply our knowledge. We would have better understanding of what we have learned when we were able to get lots of experience which we can have when we always trying to trade as often . We might have enough time to trade and practice also. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted March 13, 2013 Share Posted March 13, 2013 Yes, for sure because the more we experience things the more we understand and sometimes even we have knowledge we still don't fully understand it unless we experience it. That's why a demo account is providing us the arena where we can experience things that we can also experience in real trading. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 13, 2013 Share Posted March 13, 2013 Yes, the best to way to fully understand it in Forex is to experience it in our trading. Our knowledge will have evidence or support on the experience we gained. Because, we don't just learn by reading we need evaluation or application of those particularly in the technology like technical stuffs and in Forex that will be in the trading platform. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 16, 2013 Share Posted March 16, 2013 Yes, for sure because the more we experience things the more we understand and sometimes even we have knowledge we still don't fully understand it unless we experience it. That's why a demo account is providing us the arena where we can experience things that we can also experience in real trading. yeah, with more knowledge we can gain profit form forex, and also demo account have big part for us to reach our successfull state, with demo account we can learn about many thing, and also we don't need to spend any money for it, and i think that is good place to learn for all kind of traders Quote Link to comment Share on other sites More sharing options...
chintu Posted March 16, 2013 Share Posted March 16, 2013 For practice demo account will be really good and for gaining more and more knowledge about forex its really good to have a better knowledge by being active in forex sections or forex forums actively participating will give you more knowledge . In my opinion forex is really a best place to earn money at the same time a very risky place to loss money . Quote Link to comment Share on other sites More sharing options...
tirus Posted March 18, 2013 Share Posted March 18, 2013 Forex demo accounts are there for a reason and one should make sure that they make the best of out them by using them for practising before jumping into the real account. Many brokers provide this for free to their traders to ensure that they get the benefit of this practice and have a better chance of being successful in their trading. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 19, 2013 Share Posted March 19, 2013 even though demo account not use real money, important to traders serious when practice in demo account. treat demo account like if traders trade in live account will give the best result in their practice. sometimes traders able to get good result in demo account but unable to do same in live account and the answer for this problem is seriousness I guess. Exactly, although we just use virtual money to trade in demo, but we have to serious because it can so that we can also seriously when trading with real account. And we have to remember that our psychologically in real trading and demo trading is different. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 19, 2013 Share Posted March 19, 2013 Exactly, although we just use virtual money to trade in demo, but we have to serious because it can so that we can also seriously when trading with real account. And we have to remember that our psychologically in real trading and demo trading is different. if you are serious in demo account then your chance to get profit there is higher and you also can trade with big amount there, so far i see that demo account is a good place for us to learn and trade too, sometimes join contest also can be a good place for people to earn from demo account while also practice. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 19, 2013 Share Posted March 19, 2013 As far as our trading plan is concern, we will have our trading capital set in demo to be close or same to our real trading. This will be the best to have seen the near possible outcome of our trading. And that's important rather than to have big capital but we don't have it in our real trading and surely not see similarity which will be difficult as we don't have hint on our target profits for real trading. Quote Link to comment Share on other sites More sharing options...
mesbakh Posted March 20, 2013 Share Posted March 20, 2013 fbs is good broker. but i cnat trade in small lot. 5 dollar bnus is not enough Quote Link to comment Share on other sites More sharing options...
monyitomon Posted March 20, 2013 Share Posted March 20, 2013 Well, I am always being realistic about the capital that I set in my demo account because there is really no sense if you going to set your account with thousands of dollars when you know in yourself that you can't have such amount as your capital, so I am always realistic about the capital so that when I am trading with a demo account, the amounts are realistic, though we know that it's just all about play money, Quote Link to comment Share on other sites More sharing options...
chintu Posted March 25, 2013 Share Posted March 25, 2013 No doubt demo account will be the best place to have a good practice of forex and there are many traders who start there carrier with demo trading and that will be a very strong foundations for the traders . the more you practice the more you will get into forex . But now a days i see that many of the newbie traders are not at all making use of the demo account and they are just directly trading with real account and that is the reason many of them fail . Quote Link to comment Share on other sites More sharing options...
budado Posted March 26, 2013 Share Posted March 26, 2013 Demo account. Theirs no other ways and means to learn forex trading but in demo account. I do earn and I do make good profit in forex thanks to demo account as the more I spend learning in demo account the more I trade accurately in real account. Sometimes we need to trust our instinct also and we can only build our instinct if we have good solid learning in demo account. Quote Link to comment Share on other sites More sharing options...
chintu Posted March 27, 2013 Share Posted March 27, 2013 No doubt demo account is the best place to make a good practice with forex and not only for expert traders but also for the newbie traders demo accounts are really useful for them to have a profitable trade with real account . I have seen that many traders are not using demo now a day sand that is the reason we can see many of them are loosing there money . so make use of demo trading and try to trade in serious with demo . Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 31, 2013 Share Posted March 31, 2013 Therefore, we should just isolate the demo trading to be in beginners because, every trader has their own purpose and similarity why they keep on using of the demo account. It's because, they want to have improvement in their trading, correct or test their strategy and to make their selves ready for the Forex and familiarize the market volatility. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 4, 2013 Share Posted April 4, 2013 fbs is good broker. but i cnat trade in small lot. 5 dollar bnus is not enough Have you try to trade by using the posting bonus as your balance. I have try it in my broker now, and it's really helpful for me to start trading without having deposit. Quote Link to comment Share on other sites More sharing options...
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