StillAlive Posted September 18, 2013 Share Posted September 18, 2013 About me own view, to learn the different functions in a trading account will make me nervous. So in this it's like learning flash. If you needed to publish what you did in flash directly it surely would be crap. You do not even know the basics. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 19, 2013 Share Posted September 19, 2013 We know that demo account and real account is different but both of them are important to use in trading because demo account and real accounts 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 of course. Of course, both demo account and real account, those are have own role in forex trading. Although demo account is virtual, but if there's no demo account in forex trading, i cant imagine how much money that will be spent by trader to learn trading in forex. And I still wonder why there are some traders who have opinion that demo account is useless? What do you think about it? Quote Link to comment Share on other sites More sharing options...
euro Posted September 19, 2013 Share Posted September 19, 2013 I have not tried using a demo account before nor I have tried real forex before. I read something about their difference though and it just not about the pressure alone. There are certain things that actually is different from the demo compared to the real forex account Well, if you haven't used a demo before then its time to use it cause its a requirement in order to help you make more money out there. Its the best tool to learn how to make profit and learn how to avoid losses. In a free demo account, all is free and money is fake so you don't lose real money but the practice is real and the chart is real and the loss you see is like a real trade but all if with fake money. Certain things in demo is a little different but mostly the same as a real account accept that you get to leverage and also lose real money in a real account. Quote Link to comment Share on other sites More sharing options...
standart Posted September 19, 2013 Share Posted September 19, 2013 demo account is perfect place to practice because use virtual money only. it make demo risk free and trader can test strategies and make mistakes as many as they want. traders not necessary to think about loss and it make them comfort in learning. and after trader able to generate consistent profits, they can jump to trading in live account with real money. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 19, 2013 Share Posted September 19, 2013 I think that going for a real account is not advisable unless you have sufficient funds like five hundred dollars or more would be a reasonable amount, though you can make a few trades with just one hundred dollars, anything less isn't really enough. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 20, 2013 Share Posted September 20, 2013 I have learnt and tested trade for months. If need real cash we need to use real account to earn real money, you need step by step, newbie must use demo account first. If you have never done forex trading before, you should definitely learn with a demo account, preferably for a couple months at least. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 20, 2013 Share Posted September 20, 2013 Trading with demo account, it will help you familiarize forex trading circumstance. It will do great help in your following real trading. But I don't suggest that we spend a long time to trade in demo account. I learn Forex and test trade from Demo cash. But now I trade in Real cash only. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted September 21, 2013 Share Posted September 21, 2013 To learn about emotion management, we should use real trading account. I'm running in demo account too right. But many people said when you get into real account, you will get different result. As a beginner, I suggest that you'd better trade in demo account at beginning. It will help you familiarize forex trading. Quote Link to comment Share on other sites More sharing options...
standart Posted September 21, 2013 Share Posted September 21, 2013 some traders prefer to practice in demo account but some of them prefer to practice in live account right away. because thinking that live account can teach them about emotions control. it was right actually. however, without develop knowledge and strategy in demo account, traders can't jump practice to mastering emotions control. knowledge and strategy still in top priority. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted September 22, 2013 Share Posted September 22, 2013 The only true and effective way out is to trade on a real account with small deposit. I believe demo and real in forex is almost exactly like fun money and real money in casinos. The fun money is their way of saying try out your strategies here and sees that it wins so you will try it for real and lose. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 23, 2013 Share Posted September 23, 2013 Demo and fun money is the same thing and should never be the basis on which you decide to start trying something for real exactly. Thinking of the demo account as real may be helpful but only for a minority of traders and even they will often make occasional slips where they retain their consciousness about the virtual money involved. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 23, 2013 Share Posted September 23, 2013 We can't withdraw our profit in demo account. Maybe we can get money if win in demo account but we must follow contest accounts. In real we get pressure because we using real money and if we loss we can loss our money. Demo and real in forex is almost exactly like fun money and real money in casinos. Quote Link to comment Share on other sites More sharing options...
standart Posted September 23, 2013 Share Posted September 23, 2013 demo and live account have different function. demo is for practice only and traders can't make money by trading in demo account. because money used is virtual only. while in live account, traders trade use real money and they are should prepared with good trading strategy and skills before jump in live account. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 23, 2013 Share Posted September 23, 2013 The fun money is their way of saying try out your strategies here and sees that it wins so you will try it for real and lose. If you want to learn on forex I suggest you to use a real one because demo and real are two things different. You will not get a good trading lesson with demo one. Quote Link to comment Share on other sites More sharing options...
budado Posted September 24, 2013 Share Posted September 24, 2013 Demo account I can only end up learning while in real account I can end up making good income. I do recommend that we spend more time trading in demo account for learning and in real account I do believe I can end up making good income without any worries once we are earning in demo account we are surely going to earn good amount in real account. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted September 25, 2013 Share Posted September 25, 2013 By learning from these mistakes you could better yourself as a trader and that is the most important part. We already expect them to come along at any time so this is no problem but how we react to the end do about the situation can be a determining factor between a good trader and the opposite. Quote Link to comment Share on other sites More sharing options...
ivan Posted September 25, 2013 Share Posted September 25, 2013 We should know that when we trade in demo account, the money we used is just virtual money, it is not real money, and it is totally different with real account. Demo will be useful for newbie since demo account is only for practice. Try the effectiveness of indicator; try new trading system that you have, etc. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted September 25, 2013 Share Posted September 25, 2013 Most of the demo only used for an experiment in whether whatever it is. Not all organs are involved while practicing demo. I see that as a beginner in forex, it is necessary for them to realize the difference between demo account and real account. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 30, 2013 Share Posted September 30, 2013 Depending on the outcome of that experiment, the trader will either try a real account or not. For traders who are able to manage the rather simple hurdles of the demo. One gets quite different experience playing in demo account and trading in real account. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 30, 2013 Share Posted September 30, 2013 It's possible to lost all but I think for this anyone can learn heartily when trade with real and own money. I start with this process and lost but learn a big lesson. I like the idea of a demo account serving as an experiment. Demo will be useful for newbie since demo account is only for practice. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 30, 2013 Share Posted September 30, 2013 Well, I have not tried using a demo account before nor I have tried real forex before. I read something about their difference though and it just not about the pressure alone. There are certain things that actually are different from the demo compared to the real forex account. But still pressure is one of the most. Quote Link to comment Share on other sites More sharing options...
budado Posted October 1, 2013 Share Posted October 1, 2013 Demo account is the account that we use to practice. While in real account we do trade in here. I'm really interested to know if forex trading is good enough to make some profit. I also try to grow my real account into big trading account to make sure that I can earn really big money. I'm interested to know how to handle my account in here. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 1, 2013 Share Posted October 1, 2013 Real trading account is mentally more difficult. But the thing is that I like to not know the basics. So just to learn the different functions in a trading account will make me nervous. So in this it's like learning flash. If you needed to publish what you did in flash directly it surely would be crap. You do not even know the basics. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 1, 2013 Share Posted October 1, 2013 If you have never done forex trading before, you should definitely learn with a demo account, preferably for a couple months at least. Going for a real account is not advisable unless you have sufficient funds like five hundred dollars or more would be a reasonable amount, though you can make a few trades with just one hundred dollars, anything less isn't really enough because a few losses would bring you down. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 1, 2013 Share Posted October 1, 2013 I learn Forex and test trade from Demo cash. But now I trade in Real cash only, because I have learnt and tested trade for months. If need real cash we need to use real account to earn real money, you need step by step, newbie must use demo account first and learn about on demo account. Quote Link to comment Share on other sites More sharing options...
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