uncle gober Posted October 10, 2013 Posted October 10, 2013 Many of the expert still use demo account to try new strategy even they usually spend more time with real account to earn money from it. And we can say from the first until now that forex demo account is a good place for newbie to learn forex and also to get more knowledge so they will have confidence to trade in real account. Right, that's why we also must use demo account as well as possible. But i'm still confused why there are traders who say that demo account is thing which waste our time. In fact, without demo account, we will spend a lot of money just for learning. Quote
Decub Posted October 11, 2013 Posted October 11, 2013 Yes, the Demo account is a very good place to develop the skills needed in Forex. It offers traders the whole benefit of a real account without any investment of any kind. That makes it very possible for anyone to trade in it as though he or she is participating in the real account. There are yet, some who think they have no attachment to the Demo accounts. Quote
gaban Posted October 12, 2013 Posted October 12, 2013 Right, that's why we also must use demo account as well as possible. But i'm still confused why there are traders who say that demo account is thing which waste our time. In fact, without demo account, we will spend a lot of money just for learning. I agree with you. I do not agree if someone says that learning in a demo account will only be a waste of time. And if we learn in real account then we also throw away - waste our time and capital. Studied in the real account much more risky than demo account. Quote
StillAlive Posted October 12, 2013 Posted October 12, 2013 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
ivan Posted October 12, 2013 Posted October 12, 2013 Even though demo account not use real money, important to traders serious when practice in demo account. Treat demo account like if they 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 Quote
HarryPotter Posted October 12, 2013 Posted October 12, 2013 Demo contest also good place since we can feel the real pressure how to compete with other traders. The atmosphere in demo contest is maybe same like if we are 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. Quote
savehouse Posted October 13, 2013 Posted October 13, 2013 Demo contest also good place since we can feel the real pressure how to compete with other traders. The atmosphere in demo contest is maybe same like if we are 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. majorly trader that gain a thousand pips weekly are either long term trader or scalper but majorly they are long term trader and they often open a trading position and hold it for long,though proper market analysis is needed on the daily and weekly time frame before doing this. but the best place to practice still remain the demo account. Quote
StevenBendre Posted October 14, 2013 Posted October 14, 2013 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
StillAlive Posted October 17, 2013 Posted October 17, 2013 Practicing is very useful, while practicing we may be trying different techniques and so may make losing trades most likely, and for that reason demo accounts are best way to make practice until you get confidence enough to trade on real account. Quote
ivan Posted October 17, 2013 Posted October 17, 2013 With the demo contest we can actually learn how to get the most profit using the strategy that we have and how we can prevent losses so that in the end when we had to start trading using a real account can be properly read price movement and establish the position of trade. Quote
HarryPotter Posted October 17, 2013 Posted October 17, 2013 I think that 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
kiranchandra Posted October 17, 2013 Posted October 17, 2013 Some brokers give you a real good option of having a demo account with around 100$ balance in it , You cant cash it out but it is a fake balance used only for the purpose of trading , you can test out and play with it and get experienced. Quote
gaban Posted October 21, 2013 Posted October 21, 2013 yes, we can get the experience of trading in a demo account. Learning theory alone is not enough. We must also learn to practice trading. In our demo account can practice trading. This account is provided by the broker. In the demo accounts, we can learn how to trade, to test trading strategies, and learn the basics of trading. Quote
standart Posted October 21, 2013 Posted October 21, 2013 demo account is still the best place to learn. and there, traders have opportunity to observe the real market movement and point out the best strategy to deal with. traders can perform test of strategies as many as they want and get the one which suits with their character and goal they'll set from market. Quote
budado Posted October 28, 2013 Posted October 28, 2013 Its always in demo account that its good to practice. I do hope I can really make good income in forex trading. I'm really happy and interested to know if I can handle my account. I'm sure I can and I'm sure I will. But right now I do believe I can make it big in forex trading. I do believe that in the long run I can really see myself as a good earners. Quote
Bagus Posted October 29, 2013 Posted October 29, 2013 Its always in demo account that its good to practice. I do hope I can really make good income in forex trading. I'm really happy and interested to know if I can handle my account. I'm sure I can and I'm sure I will. But right now I do believe I can make it big in forex trading. I do believe that in the long run I can really see myself as a good earners. I agree with you that in forex trading if we want to be safe in this trade then that should be done is how we must continue to fight hard in this trade to get better at trading with demo accounts using exercise as a suggestion in this trade Quote
screw_twizz Posted January 1, 2014 Posted January 1, 2014 competition with all the demonstration given by one of the many brokerages forex broker FBS will be giving us the ability to master the actual tactics we get initial discovered by means of demonstration bill, with all the demonstration competition we could truly learn to have the almost all benefit when using the strategy we get as well as how we could stop cutbacks to ensure in the long run when we had to start off trading having a actual bill could be effectively read selling price movements as well as determine the career of industry. Quote
budado Posted January 1, 2014 Posted January 1, 2014 Its always good to try to trade in demo account if we really want to learn how to trade. I do know its going to take lots of time and effort in our part to become a millionaire. I really don't like to loss money in forex but I do know that if we going to keep on trading in forex we can end up developing our trading skills. Who knows we can all become a millionaire in here. Quote
Decub Posted January 8, 2014 Posted January 8, 2014 It is no other place than the Demo account. The Demo offers any trader the best learning experience at no cost. It would have been quite a difficult thing for a trader to easily make money from Forex and a lot of people may not have joined if they had to spend money during the learning process. Quote
standart Posted January 25, 2014 Posted January 25, 2014 traders can take practice in both demo and live account. however, at initial phase, important to traders take practice in demo account. construct knowledge regarding with market there and tried to point out the strategy to use to deal with the market. after able to generate consistent result, traders can move to live account and practice there. in order to enabling us to handle the real trading pressure. Quote
gaban Posted January 28, 2014 Posted January 28, 2014 a good place to practice trading are in a demo account. By trading in a demo account then we will get trading experience without risk of losing our money. with trading experience then we will be trading better. so our trading skills will increase. and we also can follow the contest demo to further improve trading skills. Quote
Stekin Posted January 28, 2014 Posted January 28, 2014 The best place for The trader to be practicing how to trade is in the demo account. When the trader is trading in the demo account, he or she will be learning to trade without any investment. This thing will make him or her to master trading before trading in the live account. Quote
CahCuncun Posted January 29, 2014 Posted January 29, 2014 We can use demo account to make practice in forex trading. It's free risk but i also doesn't mean that we use it for trading without rule. We must maximize demo account as well as possible. By using demo account, we can learn about forex trading and it will be useful when we are trading with real account. The experience will help us to prepare ourselves to face real market situation Quote
surya77 Posted February 7, 2014 Posted February 7, 2014 Best place to make practice is demo account, with demo account you can learn more how to trade with consistent and discipline. alwways learn to get more benefit in forex trading. Quote
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