FXOpen Trader Posted September 5, 2021 Share Posted September 5, 2021 On 9/3/2021 at 4:55 PM, Lechosław Król said: 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. We can start to make our income from the help of demo trading accounts and become better traders Quote Link to comment Share on other sites More sharing options...
Vaabum Posted September 11, 2021 Share Posted September 11, 2021 As for me, then the demo account exists for other purposes at all. For example, when I started working with a broker from ExpertOption, I did not work a demo account purely for training. Quote Link to comment Share on other sites More sharing options...
davidblack Posted March 20, 2022 Share Posted March 20, 2022 Trading demo accounts is a virtual trading but actually based on market movements. In other words, it's like making real trades. The only difference is you use virtual money, which is safer for beginners. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 20, 2022 Share Posted March 20, 2022 The demo account generally exists for training. At least, I pursued such a goal when I started working with a broker from ExpertOption. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 22, 2022 Share Posted March 22, 2022 On 3/20/2022 at 5:51 PM, Vaabum said: The demo account generally exists for training. At least, I pursued such a goal when I started working with a broker from ExpertOption. We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted March 22, 2022 Share Posted March 22, 2022 I don't really think earning in a demo account is easy for a beginner - it can take time to understand and be able to apply all the technical things that are needed for profitable trading. It is easier to get results on demo than a real account, though, and that is because trading psychology effects don't apply on demo. So transitioning to a real account should be done carefully. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 22, 2022 Share Posted March 22, 2022 The demo account generally functions a little for other purposes. Making money on this is quite problematic. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted March 23, 2022 Share Posted March 23, 2022 Demo is not the only way to learn Forex.. personal improvement, every day learning, practicing on mini accounts and communication on forums, exploring smith new. Quote Link to comment Share on other sites More sharing options...
Lechosław Król Posted March 23, 2022 Share Posted March 23, 2022 It’s because traders trade haphazardly without any fear in demo account. They take high lot in trading and thus can make a huge profit in a short time. But, the real scenario is seen when the trader descends down to lived account. However, demo trading success is not the definition of success. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 23, 2022 Share Posted March 23, 2022 And how do you imagine earnings on a demo account? I think this account is more for learning. Quote Link to comment Share on other sites More sharing options...
AndrewJ Posted August 12, 2022 Share Posted August 12, 2022 The most important thing that we have to know is that our psychology when trading with a demo account and a real account is different. Using a demo account when trading has no risk, so traders do let emotions and pressure get to them. When trading live with real money, however, there is risk involved, and traders feel the pressure and allow emotions to take over, which can lead to mistakes. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted August 12, 2022 Share Posted August 12, 2022 It seems to me that the demo account is more for learning than earning. This is how I gained experience working on the demo account of the ExpertOption broker and was quite pleased with the results. Quote Link to comment Share on other sites More sharing options...
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