mownabratadey Posted January 22, 2011 Share Posted January 22, 2011 I have a strategy with the both ones.. 1st of all I prefer to try trading with the demo money after getting trend or prediction at right direction I go for real amount ... That's why demo & real account work in same way & same method.. SO it's very important to test it by demo account first, then try with real money... Quote Link to comment Share on other sites More sharing options...
Legendkid Posted January 22, 2011 Share Posted January 22, 2011 I love how you put in@yogesh it's the first step every one who wants to be successful should take.Like yogesh,basic knowledge for every forex newbies.With the demo account,newbies can learn and acquire more knowledge about the real game of foreX.Rather than start trading with real account,registering series of loses.Which isn't good since there's an alternative and that's the DEMO account. Quote Link to comment Share on other sites More sharing options...
indieover Posted February 14, 2011 Share Posted February 14, 2011 it is quite hard to maintain our motivation in demo trading. cause we know we don't earn real money in demo trading. but it is important to keep on practicing in demo trading. only that during weekends demo trading is closed too like live trading. so we can't practice during weekends. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 16, 2011 Share Posted February 16, 2011 Definitely, the trader won't go on trading ad infinitum. At a point in time, he should feel that his eforts have become optimal at least, and that is the time to move on to live trading even with minimal deposit. Quote Link to comment Share on other sites More sharing options...
caspir Posted February 19, 2011 Share Posted February 19, 2011 Demo is a good option for a newbie to learn about forex at the initial stage. In case of not having any information about forex it helps the users the to know about the forex importantly give awareness that how to handle the situation and currency fluctuations. Quote Link to comment Share on other sites More sharing options...
matiskater Posted February 21, 2011 Share Posted February 21, 2011 the diference between demo and real is that demo account is programed to make you "win" everytime or most of the time so you make a real account and invest more... and the truth is that once you use the real thing you will lose more than the demo account...its like a way of selling to you so you invest more everytime Quote Link to comment Share on other sites More sharing options...
boniez Posted February 22, 2011 Share Posted February 22, 2011 possible that a differentiator as well as inhibiting for them while using the demo account is about the psychology of trading, because I'm sure they'll be more relaxed when in a demo account but defferent situation when in real Quote Link to comment Share on other sites More sharing options...
Nikhil Posted February 26, 2011 Share Posted February 26, 2011 the diference between demo and real is that demo account is programed to make you "win" everytime or most of the time so you make a real account and invest more... and the truth is that once you use the real thing you will lose more than the demo account...its like a way of selling to you so you invest more everytime Its really mysterious to me that "demo account is programed to make you "win" everytime" because when we trade in demo it is like fully real with live market but only virtual money and if you trade badly than you will loss and great trade than win but dont understanding wht you you saying . Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 1, 2011 Share Posted March 1, 2011 Demo account and real account is different but both of them are important to use in trading because demo account and real account are part of forex too. Demo account is used for us who wanted to train or test your strategy and real account is for earning money off course. Quote Link to comment Share on other sites More sharing options...
silenteyes Posted March 4, 2011 Share Posted March 4, 2011 Ofcorse you will earn money in real account but it will happen when you have practiced well in demo account. Demo are not just for practicing or learning but these are for making new strategies also. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 6, 2011 Share Posted March 6, 2011 Demo is not now only for practice but for earning good source too. in oneside if giving more knowledge and testing new strategies beside now many broker are offering demo contest where very very attractive price . now demo is best for learning and earning too. Quote Link to comment Share on other sites More sharing options...
Legendkid Posted March 7, 2011 Share Posted March 7, 2011 You're right,nilki i think this demo account is for those those cool headed ones.Not the guys that wants to earn as fast as they can from forex trading.I think this demo account is a manual trainer,where we equipt ourself for the real game. I think we can make more profit from learning through a demo account,than encountering losses when learning with real money. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted March 8, 2011 Share Posted March 8, 2011 In my view trading on demo is just like playing a game and just waste your time in other words - so i practiced on real account though with little amount. There are several brokers that allow to start with as little as 1$ And after you can turn your 1$ to several folds you can try your strategies on bigger amounts. Quote Link to comment Share on other sites More sharing options...
boniez Posted March 11, 2011 Share Posted March 11, 2011 many people think like that, but somehow I'm not too happy for too long in the demo account, because I think I'm a little bored with it, and eager to get real money, altough thats too risk Quote Link to comment Share on other sites More sharing options...
moneyman Posted March 15, 2011 Share Posted March 15, 2011 I started with demo to gain knowledge and experience in Forex business before I moved to trading with real money. Actually we can't learn everything with demo, it needs real money trading to learn more and more. Remember that failing is sometimes a road to success, what comes in trading with real money. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 19, 2011 Share Posted March 19, 2011 @moneyman you said "Actually we can't learn everything with demo' but i think its not true because i think without demo one can not able to make profit first time because of lack of knowledge and experience . and its true real trading give us more when there involve our own real money but demo is very important to newbie first . Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 21, 2011 Share Posted March 21, 2011 Demo account is different with real account. We can't make money in real account as easy as we did in demo account because when we used demo account, there is nothing to lose. In real account, we will panic if our strategy is not right and we got many losses in floating. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted March 24, 2011 Share Posted March 24, 2011 Demo and real forex accounts are only similar because both of them use real life market situations to perform. The difference is in the psychology, we are usually careless with the demo because the money in demo account is not real. account Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 25, 2011 Share Posted March 25, 2011 @chuna yes you about vie point . in demo we can take 100% risk and for this sometime here we get huge profit but when trade in real than many things works on us . anyway i think we can use demo for our new strategies and if we success here than we can put it in real. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 25, 2011 Share Posted March 25, 2011 @chuna Yeah, both real and demo account are showing the real market condition of each pair but when we made position in demo account, that will be no effect to real market at all, but if we made position in real account that will give effect although it was really small effect if we used small amount of capital. Quote Link to comment Share on other sites More sharing options...
indieover Posted March 26, 2011 Share Posted March 26, 2011 that's true our open trade in demo trading won't affect live trading. but still demo trading can give us almost same experience as we have in live trading. so its enough to be am expert in trading using live trading. but in demo trading our money is safe as we dont use real money when we practice in demo trading. that's why its ideal to start with demo trading first. dont get tempted to jump right into live trading too early. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 28, 2011 Share Posted March 28, 2011 @indieover Yeah, that was right. Although our trading in demo account didn't give impact at all in market but we can estimates if we opened in the position which we opened in demo account, the result will be similiar like what happened in demo account if we did that same like trading plan which we made. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 28, 2011 Share Posted March 28, 2011 @indieover i think demo trading can not give us almost same experience when we not using our own money here and there is no emotion involved here . and there is no doubt emotion play a great rule in forex trading . anyway its very true its ideal to start with demo trading first. Quote Link to comment Share on other sites More sharing options...
girlaloosh01 Posted March 31, 2011 Share Posted March 31, 2011 Demo and Real account are two different things. I am not a Forex trader or tried trading in Forex, but I know some concepts about this one. They always say, especially the experts one, that beginners/newbies must try using a demo account first. Why? It's because even though they lose, they will just lose a small amount of money, unlike in real account. Beginners will also learn the essence of trading rightly, then after that, they can use real account already to experience another stage in forex. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted April 3, 2011 Share Posted April 3, 2011 Demo account is for learning the basics of forex and is highly recommended with forex newcomers. The trading in a demo account will have mush lesser emotions as you are dealing with play money. But you cannot really learn how to control emotions if you will not play forex using a real account. So, demo and real accounts go hand in hand. Quote Link to comment Share on other sites More sharing options...
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