StillAlive Posted September 22, 2013 Share Posted September 22, 2013 We all learn from trial and error. Trying new strategies in demo accounts can avoid losing money. Personally I am enjoying trying out new stuff with the demo account. If we blow up our account in demo then it's no problem but we learn from it. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 23, 2013 Share Posted September 23, 2013 Many benefits we can get from the demo account. Here we are trained to how to choose a suitable laverage, how profitable it is spread, what is the appropriate indicator, etc.. We can also test our strategy in trading. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 23, 2013 Share Posted September 23, 2013 I think we need patience to learn with demo also because when here trading with virtual money. Still I trade in demo to test my newly invented strategies which sometime really help me before used in real account. It is important not only for beginner traders but for senior traders and expert traders too. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 23, 2013 Share Posted September 23, 2013 This demo account is starting point for beginner traders to learn about trading platform, it's risky to enter in real account directly. Demo account is important as testing platform before we used new strategy in forex market. Demo account is made for practice session. If any newcomer will come into this world then this demo should help to make some decision. Quote Link to comment Share on other sites More sharing options...
standart Posted September 23, 2013 Share Posted September 23, 2013 demo account help trader to practice in order to gain trading experience. traders can test many strategies and found the best one to lead them in trading and make profits. because demo use virtual money only, we are not necessary to worry with losing real money. with such advantage given, I guess many traders will satisfied with demo account availability. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 23, 2013 Share Posted September 23, 2013 We can found some protected data that can't use in this demo. Basically it's use for purchase and sale or any exchange. If any member can make good profit then sometime, some company announce some benefit or deposit bonus. Quote Link to comment Share on other sites More sharing options...
budado Posted September 24, 2013 Share Posted September 24, 2013 Forex demo account is really important and I do hope that we all going to be making big income in here. I'm really excited to see myself earning something big in forex trading. Who knows in two to three years time I can really make big income in here without any worries. I'm really excited to see myself making big income in here without any worries. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted September 25, 2013 Share Posted September 25, 2013 You can familiarize the trading circumstance from demo account, and on the other hand, you can test some new strategies in demo account. You can start trading in real account when you know the basic of forex. You can open a real one and deposit with little money or maybe you can choose brokers that give bonus for open account with them. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 25, 2013 Share Posted September 25, 2013 By practicing on a demo account, we can improve our skills in trading. Here we can test the strategy. Before applying it on real account. So that our trading results will be maximized. And we can minimize the risk. Quote Link to comment Share on other sites More sharing options...
ivan Posted September 25, 2013 Share Posted September 25, 2013 When traders really understand how it works they should move to make money in real account. In real account you still need to learn how to manage your money and emotion so just open a real account and make small deposit to learn about them. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted September 25, 2013 Share Posted September 25, 2013 Demo account is very important and must be assume as a live account, If we can than we can train our mentally to be discipline and patience. Also in demo account we can forward test our own trading system, so we can develop it into a profitable system. It is first starting point before you entered to real account and there are a lot of things that you can learn in demo account. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 30, 2013 Share Posted September 30, 2013 Demo trading accounts are really helpful especially for those traders who are new to trading. Learning through virtual money allows them the opportunity to get along with the trading conditions and learn forex technicalities without risking their real money at all. Demo forex not give we are knowledge or more but only give we are experience in trading forex. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 30, 2013 Share Posted September 30, 2013 If we try in real account maybe we can get loss and need make deposit again but in demo we can do it without real money. So, there is not any different between demos and real. Only just place to practice in forex. Demo account is useful for forex beginners, because it provides basic knowledge of forex trading, such as beginners can learn on how to execute a forex trade. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 30, 2013 Share Posted September 30, 2013 Well, I think that demo account is a good way to test your broker terminal before you put your money. Select the leverage and the balance in the demo account similar to the actual amount you are going to invest in forex, So that you can access your progress. 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 only way we can practice forex trading without any problem. I'm really interested to know if I can earn good amount of money in real account once I know how to trade. I'm really happy that so far I'm happy with the way things are for me in forex trading. Hoping that some day I will going to earn big enough to make profit. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 1, 2013 Share Posted October 1, 2013 Demo account is a best way to learn and test your strategies. And it is our first trial before we used real account, it can be used for testing our new strategy too. Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 1, 2013 Share Posted October 1, 2013 Better we try to choose a server that is rarely used by traders, such as that provided by several brokers. But I guess it does not really flashy, because if we open orders in leisure hours are seldom experienced re-quote nor off quote. All broker which guaranteed, so choose a broker who has a supporting feature. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 1, 2013 Share Posted October 1, 2013 It is very important to test some strategies first and some indicators before trying it out on real trading. Like if we need to find what combination of indicators to use to be successful in trading better apply them in demo trading for some time. I think that we should do this to be safe and not lose money. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 2, 2013 Share Posted October 2, 2013 Yea, that was important to know effectiveness our strategy first before we used it in real account trading. It will be useless to use strategy which is not working when we used it directly in real account. We will suffer some bucks for nothing. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 2, 2013 Share Posted October 2, 2013 I think that demo account useful to test new indicator or trading system because trader can't use it directly in live account without know these indicator or trading system useful or not to help us in trading. And so demo account is very important for me. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 2, 2013 Share Posted October 2, 2013 Well, I see that is the best use of demo trading to test out strategies. Besides learning how to trade, we should make all the mistakes we can in demo trading so that we won't be able to make as much mistake or avoid mistake as much as possible in the live trading. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 8, 2013 Share Posted October 8, 2013 Well, demo accounts are primarily used to improve the trader's skills. We all learn from trial and error. Trying new strategies in demo accounts can avoid losing money. Personally I am enjoying trying out new stuff with the demo account. Even if you blow up your account it will not matter at all. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 8, 2013 Share Posted October 8, 2013 If we blow up our account in demo then it's no problem but we learn from it. Actually I think we need patience to learn with demo also because when here trading with virtual money. Still I trade in demo to test my newly invented strategies which sometime really help me before used in real account. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 8, 2013 Share Posted October 8, 2013 It is important not only for beginner traders but for senior traders and expert traders too. This demo account is starting point for beginner traders to learn about trading platform, it's risky to enter in real account directly. Demo account is important as testing platform before we used new strategy in forex market. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 9, 2013 Share Posted October 9, 2013 Demo account is place where people learn how to trade on forex market and when they really understand it they should move to make money in real account. In real account you still need to learn how to manage your money and emotion so just open a real account and make small deposit to learn about them. Quote Link to comment Share on other sites More sharing options...
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