gds221 Posted September 5, 2020 Share Posted September 5, 2020 In general, for me, the main use of the demo mode is training. I work with a broker Amarkets and used the demo mode for this very purpose. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted September 18, 2020 Share Posted September 18, 2020 It is entirely because of you. You have yet to understand that fear is the number one reason why traders lose money. Think about it this way. When you lose, you feel pain. As a result, you start to look for ways to avoid loss. Just because you don’t want to feel it anymore. It can take various shapes: You look for strategies that are said to have close to 100% win rate. Next time you see a trade setup, you are afraid to get in. Before you trade, you start searching to see if other people are about to do the same thing. A thousand people cannot all be wrong at once, right? Some may even switch to trade less random commodities. This list goes on and on. Now let me add this. If it is more difficult to trade real money, then maybe you have not yet integrated that strategy you were testing in the training account. Quote Link to comment Share on other sites More sharing options...
gds221 Posted September 18, 2020 Share Posted September 18, 2020 For me, the demo mode was a reference point for getting started in this industry. I started my career with an Amarkets broker, and I think this option is excellent. The demo mode is very convenient for beginners, and the general working conditions were a pleasant surprise. Quote Link to comment Share on other sites More sharing options...
Robert M Posted September 18, 2020 Share Posted September 18, 2020 Demo trading is simply to know how the trading component functions. Step by step instructions to open and close a trade. The most effective method to utilize MT4 for trading. Be that as it may, the genuine learning starts when you begin to trade with genuine cash. Trading with genuine cash includes feelings that reason a large portion of the mix-up. You can likewise utilize demo to test your trading methodology. Â I am currently trading with Eurotrader broker. They have amazing educational resources on forex trading psychology. It helped me a lot. I also like their instant withdrawal and deposit facilities. Quote Link to comment Share on other sites More sharing options...
moneyrig Posted September 19, 2020 Share Posted September 19, 2020 The real trading does not take place on a demo account. The live account holds certain things that changes the game Quote Link to comment Share on other sites More sharing options...
gds221 Posted September 19, 2020 Share Posted September 19, 2020 In my opinion, the best reason to become a trader is the opportunity to earn well. A trader can actually earn very good money, but subject to a good level of development. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted September 19, 2020 Share Posted September 19, 2020 In general, for me a demo account exists purely for training. At least I started working with the broker ExpertOption, and the demo account was used for training. The broker liked it, he was pleased with the choice. Quote Link to comment Share on other sites More sharing options...
gds221 Posted September 20, 2020 Share Posted September 20, 2020 I understand that you can earn money on a demo in the event of a competition, but for me the main essence of the demo account is training. In my opinion, it is worth paying attention to this. Quote Link to comment Share on other sites More sharing options...
Gardazuru Posted October 2, 2020 Share Posted October 2, 2020 There are many more advantages from a demo account than just making money on the competition, and therefore it should really be used to the maximum. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted October 2, 2020 Share Posted October 2, 2020 Earning thought demo account may not be easy if you have incomplete knowledge about the market and trading. And if you are earning good at demo account do not define you will earn in a similar way into the real Live account. Demo account is moreover a setup to gain confidence to the new beginner so that he/she can make up their mind and test their skills and knowledge on the demo platform. Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 4, 2020 Share Posted October 4, 2020 Still, it is more logical to use a demo account for its direct purpose - to gain experience and test conditions and strategies. Quote Link to comment Share on other sites More sharing options...
Namu Posted October 4, 2020 Share Posted October 4, 2020 On 10/4/2020 at 2:58 PM, gds221 said: Still, it is more logical to use a demo account for its direct purpose - to gain experience and test conditions and strategies. of course with us continuing to learn and understand the demo account correctly, when entering a real account it is more understandable and indeed traders can take advantage of the existing facilities at the FreshForex broker such as promos and bonuses including top up bonuses without commissions Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 5, 2020 Share Posted October 5, 2020 As for me, it is much more logical to use the demo mode for training. This is the true task of the demo account - to train a trader to work with a broker. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted October 7, 2020 Share Posted October 7, 2020 In fact forex trading not easy and all the people think that forex is money machine but in fact this trading may give you huge money but after learning the secret of the earning .forex trading attract all the people to trade and achieve their goals but after training and practice on demo to save their money and survive. Quote Link to comment Share on other sites More sharing options...
maspluto Posted October 8, 2020 Share Posted October 8, 2020 staying in forex is not an easy matter, so it is important for traders to be better and be more maximal in carrying out trading activities that are in line with expectations and can become a trader of the month with Tickmill. Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 8, 2020 Share Posted October 8, 2020 Unfortunately, making money on Forex is not as easy as it might seem at first glance. In general, I work with a broker Amarkets, and now I am already making pretty good money. But I want to clarify that it really took time and effort, and it is far from easy. Quote Link to comment Share on other sites More sharing options...
Michael Butcher Posted August 24, 2021 Share Posted August 24, 2021 I suppose a demo account can help you understand whether a broker is right for you or not. But I strongly advise you to study all the information about brokers in order to understand whether you can trust them. You can surf the net and read this information. I can recommend u one site which calls Finarm com. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information. Quote Link to comment Share on other sites More sharing options...
e_abrams Posted August 24, 2021 Share Posted August 24, 2021 The demo account is a good indication, but it's not always reliable. Sometimes a broker's demo account is a lot better than their live account. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted August 25, 2021 Share Posted August 25, 2021 Demo account is not for earning, it is only for practice purpose and you can trade in it with imaginary money but not real. You can test your trading skills and strategy with demo trading. After demo trading when you feel now id the time to invest in real account then you can start and make money. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted August 25, 2021 Share Posted August 25, 2021 Demo would be the best way to learn about the Forex Market Structure and if you really wish to make money through it, you must then begin with small investments in real Market. Quote Link to comment Share on other sites More sharing options...
e_abrams Posted August 25, 2021 Share Posted August 25, 2021 Demo is certainly the safest way, which makes it the best way. If you're a newbie and you are still learning the platform the last thing you need is to fear you'll lose money if you press the wrong button. Quote Link to comment Share on other sites More sharing options...
Andrae Posted August 27, 2021 Share Posted August 27, 2021 How is it easy to earn consistent profit in a demo account, whereas when trading with a real account, it becomes difficult to predict even during low volatile market situations? Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted August 30, 2021 Share Posted August 30, 2021 On 8/26/2021 at 12:13 AM, e_abrams said: Demo is certainly the safest way, which makes it the best way. If you're a newbie and you are still learning the platform the last thing you need is to fear you'll lose money if you press the wrong button. We will need to use the DEMO Trading accounts for learning about the Forex markets. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted September 3, 2021 Share Posted September 3, 2021 Demo accounts are provided in trading, which is a very good business. We can practice without any danger or risk. By practicing in a demo account, we will get experience and we will identify our mistakes, so we will not repeat them on the real account. Quote Link to comment Share on other sites More sharing options...
Lechosław Król Posted September 3, 2021 Share Posted September 3, 2021 Every trader knows about demo accounts that it is very easy to make a profit here. Because if I do demo trading, emotion doesn't work there. Therefore, even if you make a profit in demo trading, it often becomes very complicated to make a profit in the real market. I used the demo platform of Eurotrader broker. Quote Link to comment Share on other sites More sharing options...
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