uncle gober Posted September 26, 2013 Share Posted September 26, 2013 Most of the traders will be making use of this demo account as much as possible to learn forex. Now each and every trader have started there carrier with demo trading. Demo account is quite good to practice forex trading and know the mt4 terminal well and also get acquainted with the behavior of various currency pairs. Yes, demo account is good place to practice. And i think trading contest also can be used to hone our trading skills. I try to take part to be Trader of The Month in Armada Markets. Although i never won, but i get valuable lesson. It's experience. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 30, 2013 Share Posted September 30, 2013 We can say that demo trading or to gain experience will have the best way to have this experience and to practice. We would be beating around the bush if we go ahead to say that there is another place to learn forex. The best place to learn forex that has been tried and tested is the demo account. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 30, 2013 Share Posted September 30, 2013 Demo would always remain at every point of time important that traders would be practicing. There's no other way for traders to truly learn forex trading. Because they can't just learn thoroughly forex in just what stated in the books or in the online resources. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 30, 2013 Share Posted September 30, 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 Link to comment Share on other sites More sharing options...
gaban Posted September 30, 2013 Share Posted September 30, 2013 In addition to our demo account can also use the contest to learn trading. By entering the contest, we can measure the extent of our trading ability. And we can also learn from other traders. By doing so, then we can develop trading skills. Quote Link to comment Share on other sites More sharing options...
budado Posted October 1, 2013 Share Posted October 1, 2013 Practice is in demo account. And I don't think theirs much better way to practice than in demo account. I do hope that in the long run I can practice more in demo account without spending more. I'm hoping that in two to three years I can master enough trading skills to maintain and sustain 10,000 dollars trading capital and I can only do that if I practice in demo account on regular basis. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 1, 2013 Share Posted October 1, 2013 Well, 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 Link to comment Share on other sites More sharing options...
HarryPotter Posted October 1, 2013 Share Posted October 1, 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 Link to comment Share on other sites More sharing options...
ivan Posted October 1, 2013 Share Posted October 1, 2013 I think that the best place to practice the forex trading is by using the demo account here. And the next thing also, we can try to use the free money, like from the forum or from the broker's bonus to open the real account to trade on forex here. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 2, 2013 Share Posted October 2, 2013 For sure demo trading contest did very well as a place to practice because of the contest demo we will be more passion to improve the ability we have because there is so much competition in the demo contest and we will try to better in order to become a winner in the contest demo. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 2, 2013 Share Posted October 2, 2013 About me, such a contest would be a great one since apart from we having the chance from learning, we also have the chance of being an eventual winner but my question would be if one could use a mobile to participate in the contest but sincerely it should be a great one. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 2, 2013 Share Posted October 2, 2013 About contests in market practice, It will be only very useful if that contest is to have many winners but if that is only few who will become winners then, we can say it's more of very competitive contest and not really good to make it as practice. Usually, we have these trading contests as sort of practice since we are in the demo account. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 3, 2013 Share Posted October 3, 2013 About me, such a contest would be a great one since apart from we having the chance from learning, we also have the chance of being an eventual winner but my question would be if one could use a mobile to participate in the contest but sincerely it should be a great one. Yes, trading contest usually used by trader to make practice, hone trading skill be better. I dont take part in any contest, because i'm trying be Trader of The Month in Armada Markets, trader who shows not only big profit but also excellent money management and risk management skills. Quote Link to comment Share on other sites More sharing options...
euro Posted October 4, 2013 Share Posted October 4, 2013 Another great place to practice is also a cent account or a mini account as the money required for trading is very low. So, you can sign up at forexcent.com to see if you will be good at trading. They will give you $5 bonus to trade with and also 33% bonus upon deposit and $2 withdrawal upon deposit bonus. They're a good place to start out since you can practice a lot in .01 lot and not be afraid of loss but you will also be able to withdraw bonus as well. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 4, 2013 Share Posted October 4, 2013 I think, we can not practice on real account, because it will only waste your money. We can use the demo account to practice trading. Each broker certainly provide this account. In this account, we can learn how to trade. Quote Link to comment Share on other sites More sharing options...
savehouse Posted October 5, 2013 Share Posted October 5, 2013 the best place to learn about Forex trading is the demo account,if one can have proper knowledge on the market through the demo account,one stand a chance to have proper idea on how to make money when trading the market.the demo is a very helpful place to be successful about the market. Quote Link to comment Share on other sites More sharing options...
euro Posted October 8, 2013 Share Posted October 8, 2013 the best place to learn about Forex trading is the demo account,if one can have proper knowledge on the market through the demo account,one stand a chance to have proper idea on how to make money when trading the market.the demo is a very helpful place to be successful about the market. The demo is the best place to practice indeed. There is no where else better to practice then the demo. You will find it better to lose with fake money than real money. Real money should not be wasted. You should still use them as a real trader since you will always need to refine your work and always need to practice some more strategies and the demo is the place to do it. You can also take advantage of a cent account since you can also do a lot in a cent account to learn real trading environment and also to reduce on losses with cents too. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 8, 2013 Share Posted October 8, 2013 I agree with you. The best place to practice is to use a demo account. too dangerous if we use a real account. Capital that we spend will quickly run out useless. process we in the of forex is still long. So you better keep your money well. In the demo accounts, we can test our trading strategies and choose a good indicator before being used in a real account. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 8, 2013 Share Posted October 8, 2013 About me, I think we would be beating around the bush if we go ahead to say that there is another place to learn forex. The best place to learn forex that has been tried and tested is the demo account. We have a 100% chance in there to practice forex. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 8, 2013 Share Posted October 8, 2013 Well, I see that the best place to practice is at the demo account. I just hope that guys would be getting to understand that the demo would always remain at every point of time important that guys would be practicing. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 8, 2013 Share Posted October 8, 2013 There's no other way for traders to truly learn forex trading. Because they can't just learn thoroughly forex in just what stated in the books or in the online resources. Those are not enough to give significant details on the market situations. We can say that demo trading or to gain experience will have the best way to have this experience and to practice. Quote Link to comment Share on other sites More sharing options...
euro Posted October 8, 2013 Share Posted October 8, 2013 A real trading account will be so much more of a learning experiences when you learn some basics in the demo already. Try forexcents cause you will be able to do real trade with cents and if you lose in cents it will only be cents and better than dollars. Also if you do gain you can gain in cents but its less risky and you should practice that way and it feels good to gain real money cause gaining fake money is not that fun in a demo. Try a mini account. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 9, 2013 Share Posted October 9, 2013 Demo account for now is a good place, and about demo contest that is just like motivation for demo account users or even newbie to think demo account a bit serious too even not like real account at least we get something that can make demo account as the place to get real money. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 9, 2013 Share Posted October 9, 2013 I see that 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 makes them feeling down. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 9, 2013 Share Posted October 9, 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. Quote Link to comment Share on other sites More sharing options...
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