radex78 Posted January 25, 2023 Share Posted January 25, 2023 There is good lesson we can receive in demo account, however need to be seriously to learn uses demo account, without seriousness hence demo account may useless, we can use demo ECN FXOpen to backtest trading system if we like to work manually use demo account and learn how to manage the risk first. Try hard to avoid margin call account with strict risk management before start in real account, Quote Link to comment Share on other sites More sharing options...
ParkChoi Posted February 28, 2023 Share Posted February 28, 2023 Demo accounts and current education programmes must be able to be used effectively, and FP Markets provides these services in order to improve traders' abilities to survive and become FP Markets trader of the month. Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 28, 2023 Share Posted February 28, 2023 Although in demo account only use virtual money, however it useful to make a backtest trading skill or if you prefer to uses automatic trading, in demo account you can try trading performance before using robot in the real trading account. No matter experienced trader sometimes they needs to back uses demo account when faced bad days getting loss. I alone sometimes still use demo ECN FXOpen to practice make comparison trading performance in different account. Quote Link to comment Share on other sites More sharing options...
Namu Posted March 1, 2023 Share Posted March 1, 2023 The demo account facility is very useful for traders, not only to learn about how forex works, but also to prepare everything and make a solid plan for the next trading on a real account with FreshForex broker. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 1, 2023 Share Posted March 1, 2023 We can use demo account for backtest trading strategy, before trading in real account. For beginners demo account very useful, trading in real account is harder compared in demo account, however still good to make early preparation practice in demo account to develop good habit trading. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 2, 2023 Share Posted March 2, 2023 We can learn trading without investing money so if we lose we didnt lose any money yet we can learn from those mistakes and improve our trading skills with a demo account. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 2, 2023 Share Posted March 2, 2023 18 hours ago, bigxy said: We can learn trading without investing money so if we lose we didnt lose any money yet we can learn from those mistakes and improve our trading skills with a demo account. Demo account only uses virtual money provided by the broker, resgister demo account also possible through MT4 terminal platform by choose File then cllick open an account, we can check demo account to next step and fulfill form provided, trader can set amount capital based on the own preference. Quote Link to comment Share on other sites More sharing options...
nanamage Posted March 4, 2023 Share Posted March 4, 2023 From the Freshforex broker demo account, I learned the basics of trading and practiced good trading strategies. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 8, 2023 Share Posted March 8, 2023 On 3/4/2023 at 10:11 PM, nanamage said: From the Freshforex broker demo account, I learned the basics of trading and practiced good trading strategies. Sometimes I also using demo ECN FXOpen to learn trading for free trying different straregy, demo account remain useful although only use virtual money, we can backtest trading strategy without any risk. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 10, 2023 Share Posted March 10, 2023 There is a huge list of brokers out there like hotforex, xm, octa, exness, lmfx etc which offers demo account to trade for free in order to test their services before depositing any money with them. Quote Link to comment Share on other sites More sharing options...
Namu Posted March 13, 2023 Share Posted March 13, 2023 For now, there are many brokers available on forex, all that remains for traders is to choose the right and appropriate broker. This is done so that trading can be smooth and safe. As I want to ask you, is FXOpen regulated and safe for traders? Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 13, 2023 Share Posted March 13, 2023 19 hours ago, Namu said: For now, there are many brokers available on forex, all that remains for traders is to choose the right and appropriate broker. This is done so that trading can be smooth and safe. As I want to ask you, is FXOpen regulated and safe for traders? FXOpen already working in financial market more than 16 years, they having good reputation among traders. The company regulated in ASIC, FCA and CySec. Based on my own experience, this is safe broker. I have been trading with them more than nine years. Quote Link to comment Share on other sites More sharing options...
Ritesh.R Posted March 23, 2023 Share Posted March 23, 2023 It is critical, in my opinion, for a trader to begin their profession with instruction on a demo account. This is the most advantageous and profitable alternative. So I began with FP Markets, and I am delighted with the outcomes. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 23, 2023 Share Posted March 23, 2023 Demo account still become a good trading tool to make a backtest trading strategy, sometimes I use demo account on MT4 and also trying platform Ticktrader terminal, this is platform designed for ECN broker with more advangates. Quote Link to comment Share on other sites More sharing options...
jamante Posted March 24, 2023 Share Posted March 24, 2023 Practice trading without risking real money: A demo account allows you to simulate the experience of trading in the real market without risking any actual money. This is especially useful for beginners who are just starting to learn about forex trading. Test trading strategies: You can use a demo account to test different trading strategies and see how they perform in a simulated environment. This can help you identify which strategies are most effective and refine your approach to trading. Learn about market conditions: Demo trading allows you to experience different market conditions and see how they affect your trading results. This can help you develop a better understanding of the market and improve your decision-making skills. Familiarize yourself with trading platforms: Demo trading allows you to become familiar with the trading platform and the tools and features it offers. This can help you trade more efficiently and confidently when you start using a real account. Gain confidence: Using a demo account can help you gain confidence in your trading abilities and develop a disciplined approach to trading. This can be invaluable when you start trading with real money, as it can help you manage risk and make more informed trading decisions. Quote Link to comment Share on other sites More sharing options...
Hudson Posted March 29, 2023 Share Posted March 29, 2023 The ability to use a demo account is quite helpful for traders since it allows them to practise their strategies before engaging in live trading. For beginners looking for good broker I suggest Avatrade or FP Markets because they also offer educational materials. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 29, 2023 Share Posted March 29, 2023 Some traders maybe like to use expert advisors to automate their trading without human intervention, before using ea in a real and live accounts, they need to forward test using a demo account first, it indeed takes a time, however, if ea works well it will possibly make good trading in real account too. Quote Link to comment Share on other sites More sharing options...
Ralph Posted March 30, 2023 Share Posted March 30, 2023 A demo account allows a new broker to get a feel for trading without risking real money. There is no danger or cost to the real account, and there is no commission fee. Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 30, 2023 Share Posted March 30, 2023 13 hours ago, Ralph said: A demo account allows a new broker to get a feel for trading without risking real money. There is no danger or cost to the real account, and there is no commission fee. There are so many traders use demo account to show their trading performance very well, however trading in real account will more get a feeling, emotions already involved there, fears, anxiety, greedy etc, however demo account remain useful to backtest trading straregy. Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 1, 2023 Share Posted April 1, 2023 On 3/30/2023 at 2:33 PM, Ralph said: A demo account allows a new broker to get a feel for trading without risking real money. There is no danger or cost to the real account, and there is no commission fee. Yet if a new trader lose then he actually loses nothing but gained experience in return without losing any money. Quote Link to comment Share on other sites More sharing options...
nanamage Posted April 8, 2023 Share Posted April 8, 2023 From the Freshforex demo account, we can learn the latest trading techniques and strategies without risk, and then we can apply the best strategies on a real account. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 9, 2023 Share Posted April 9, 2023 On 4/1/2023 at 4:06 PM, bigxy said: Yet if a new trader lose then he actually loses nothing but gained experience in return without losing any money. Yes, a demo account is free without any risk, and is sometimes used by experienced traders to make backtest trading before applying in the real trading account, sometimes I use demo ECN FXOpen to backtest a trading strategy. Quote Link to comment Share on other sites More sharing options...
nanamage Posted April 11, 2023 Share Posted April 11, 2023 Have you ever experienced the difference in graphics between a demo account and a real account like InstaForex? Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 12, 2023 Share Posted April 12, 2023 On 4/12/2023 at 5:45 AM, nanamage said: Have you ever experienced the difference in graphics between a demo account and a real account like InstaForex? It is possible there are different charts between demo and real-life trading because of the different servers, in addition, the broker is a dealing desk broker, trading with this company you may face some issues like profit canceled, account blocked when withdrawing money with reason account detected by antifraud department make cheating, etc. Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 14, 2023 Share Posted April 14, 2023 Not sure about it however these demo accounts are offered by the brokers to test the real time trading environment without taking risks of investing any money with them. Once you have tested how these brokers' trading platforms work you can fund the live trading account to make trades. Quote Link to comment Share on other sites More sharing options...
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