budado Posted January 30, 2013 Share Posted January 30, 2013 Actually we know trading every day with live can be possible some times and some times we will be out of funds so we cannot trade for that day . so i suggest to trade with the demo account when you do not have money . because trading every day make you know the market conditions . it is not possible to study the market conditions only trading every day can help us . Sorry you quote my post but I don't see any connection of my post to your reply especially the one that I highlighed. Because first and foremost demo and real accounts are live accounts. Its live feed. So don't know what your trying to address to me. Anyway I just doubled my money again in demo account. How I wish I can do the same in real account. But with all this forex management rules theirs no way I'm going to trade in real account the same risk that I do in demo account. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 30, 2013 Share Posted January 30, 2013 Yeah that is an essential truth.we can never be a failure in forex if we tend to carry out the necessary things out that partake to learning.Giving the demo account our all would be helping us to do extremely well when eventually we jump into the real trading world. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 30, 2013 Share Posted January 30, 2013 Both have their own benefits. Demo is very suitable for beginners who are learning about trading, before they trade using real account. And with a real account, we can get the profit that we can use to meet daily needs. I also use demo account first before i start trading with instaforex, and it's very helpful for me. like i said before both of this account have their own purpose, demo account for all traders and real account for all traders, what make them different for me only in psychological side, where in demo account you will not feel what is that mean by pressure, since the money there is virtual money not like in real trading account Quote Link to comment Share on other sites More sharing options...
tirus Posted January 30, 2013 Share Posted January 30, 2013 They are both of importance indeed and avoiding either of them would actually be disastrous. For beginners that are just getting into forex trading though it would certainly be advisable to to start off in the demo account until they are comfortable enough to get into the real account. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 31, 2013 Share Posted January 31, 2013 I think every trader must come to know that the demo is essentially important and that is the much reason that we must likewisely be giving to it an 100% concentration just as we would be giving such a percentage likewise to our real trading. Quote Link to comment Share on other sites More sharing options...
standart Posted January 31, 2013 Share Posted January 31, 2013 yes, demo is very important to especially for newbie to familiarize their self with real market situation. they also could build a trading system, create rule and plan in demo account too while if traders tried to do it in real account, could cost lots of money amount. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 31, 2013 Share Posted January 31, 2013 The main use of this real account is just to earn money and it is the place where you can make good profits and even loss your money . but demo trading is nothing but learning the way how to trade with real account and this is the major difference with real account and the demo account . Quote Link to comment Share on other sites More sharing options...
pepy Posted February 3, 2013 Share Posted February 3, 2013 yes, demo is very important to especially for newbie to familiarize their self with real market situation. they also could build a trading system, create rule and plan in demo account too while if traders tried to do it in real account, could cost lots of money amount. not only for market situation but also for the platform that they use for trading, i am sure not all know how to buy and sell with mt4 platform the use, except for someone who spend their time in forex and already tried to trade their capital here. so first trade in demo account until we understand fully about forex, and then move to real account for earn/loss. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted February 4, 2013 Share Posted February 4, 2013 There is no essence of trading in the real account if one isn't or hasn't gotten to understand how to trade in the demo account.We should be have an 100% self confedience that we ready to trade by the time we leaving forex demo account.sincerely demo is important. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 5, 2013 Share Posted February 5, 2013 The main use of this real account is just to earn money and it is the place where you can make good profits and even loss your money . but demo trading is nothing but learning the way how to trade with real account and this is the major difference with real account and the demo account . you forget that in real account people also get experience, and also in that account we will feel what is pressure, in demo account you will get less, but in real account you will feel it and also it will affect your trading too, and demo account is a good place for learning also give new trade some enlightment how to trade, but if you join demo account contest you can earn there too Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted February 6, 2013 Share Posted February 6, 2013 Yeah that's true one could likewisely be benefiting from forex demo account aside from learning by winning contests organised by brokers.sincerely to me that i would be saying is killing two birds with just a stone.lol.That is learning and earning. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 7, 2013 Share Posted February 7, 2013 that is only applied for some poeple, in FBS there are 3 winners in demo contest, not all people can win it so i cannot say it by killing 2 birds, the best way to gain experience and earn money is in real account , even in there you will feel bigger pressure but that is the way you feel forex. Quote Link to comment Share on other sites More sharing options...
budado Posted February 7, 2013 Share Posted February 7, 2013 Chance are that we can win in demo is slim and I don't think those who win in demo are actual trader but rather bots. In this way bots can trade 24 hours a day unlike human and that's the main reason why they win. Even me I use bots in my demo account but sad to say I did not win. But my point is that if I can do it some how other also doing it and its frustrating if you trade manually. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 7, 2013 Share Posted February 7, 2013 Demo trading no emotions and risk are involve while in real trading both emotions and risk are involved. However a demo account provides us a good platform to gain working knowledge and practice in Forex trading and real trading should always be preceeded by demo trading. Quote Link to comment Share on other sites More sharing options...
lollabun Posted February 8, 2013 Share Posted February 8, 2013 Demo trading is good for beginners in the forex business. so that they know in advance about the forex. fleet market provides an opportunity for beginners to make a demo account. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted February 8, 2013 Share Posted February 8, 2013 Nope, Demo trading is definitely not only for newbies or novice traders but it's for everyone. Those who would like to create their strategy, test their skills, those who want to improve and practice with their strategy will going to use demo. Either ways, it's not only limited to the new traders both demo and real can be done by both newbie and senior traders. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 8, 2013 Share Posted February 8, 2013 Demo trading lacks essential elements of real trading which are risk and fear yet it can provide a good platform to practice Forex and gain some working knowledge in it. Every beginner should first learn using a demo account before starting to trade with real money. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 11, 2013 Share Posted February 11, 2013 Demo trading no emotions and risk are involve while in real trading both emotions and risk are involved. However a demo account provides us a good platform to gain working knowledge and practice in Forex trading and real trading should always be preceeded by demo trading. i don't know if you feel like that but in demo account there is emotion, but the amount is less than real account, i can say it just like dwarf , but overall if you really want to get real experience in trading i suggest in real account, and i think that you already have some experience to trade in real account, that is a good place to earn dan learn. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 13, 2013 Share Posted March 13, 2013 There are minimal emotions involved in Demo for sure. But then, traders don't usually notice it. But then, the most important is that we will try to have test our strategy and later on to proper manage our emotions in the different market situations. While real trading is the best way to know really what we are capable and what we are lacking in Forex. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 14, 2013 Share Posted March 14, 2013 and demo account is a good place to do that thing, i already see many kind of traders that spend their time in demo account just for sake of learning , having fun, and test their own new strategy, and i think that is the purpose of demo, as sanbox but in real account we will get real money but in change of real money too, so the risk is high for us. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 15, 2013 Share Posted March 15, 2013 Nothing else. Because, traders definitely need of having demo and test their skills and strategies. And to prepare their selves for the real trading. Well, we should be more serious about it and it's always have risks so this is not unusual for trader. Our goal is always to have profits and to improve our trading to level up with the higher risks and higher target profits. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 16, 2013 Share Posted March 16, 2013 in real account we can do that thing but that is a risky thing to do because we have more chance to loss our money there, and that is why we have demo account here, with demo account people can learn even they must sacrifice only psychological side and also their chance to earn money Quote Link to comment Share on other sites More sharing options...
chintu Posted March 17, 2013 Share Posted March 17, 2013 in real account we can do that thing but that is a risky thing to do because we have more chance to loss our money there, and that is why we have demo account here, with demo account people can learn even they must sacrifice only psychological side and also their chance to earn money There is a lot of difference between demo trading account and real trading account . Demo account is used to practice how to earn money with real trading account . but on other side real trading account is used to earn money . and both of them have there won functionalities . it is really very useful to all the traders both the account types . Quote Link to comment Share on other sites More sharing options...
gaban Posted March 18, 2013 Share Posted March 18, 2013 There is a lot of difference between demo trading account and real trading account . Demo account is used to practice how to earn money with real trading account . but on other side real trading account is used to earn money . and both of them have there won functionalities . it is really very useful to all the traders both the account types . Exactly. But without demo account, beginners can't learn trading without having to deposit first and any risk. I also still use demo account to hone my trading skills be better, beside that i also use it to take part in demo contest which held my broker. Quote Link to comment Share on other sites More sharing options...
tirus Posted March 18, 2013 Share Posted March 18, 2013 Yes, the demo account is used for practice or simulation purposes with the whole idea being that it should be of help when you eventually move in to the real account and trade with real money. So both of them are important and one cant really survive without the other because without proper practice you wont be profitable in the real account. Quote Link to comment Share on other sites More sharing options...
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