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Posted
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

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Posted

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.

  • 6 months later...
Posted

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.

Posted
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 :D

Posted

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.

Posted

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.

Posted

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.

  • 4 months later...
Posted

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.

Posted

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.

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