hoanglong Posted August 29, 2011 Share Posted August 29, 2011 Demo account is good to help traders get used to the market, testing trading strategy spend much time for it. that is not really good ideal since we cannot make money on Demo account, we must know when is the time to move on Real account and start making real money. Quote Link to comment Share on other sites More sharing options...
purplegl Posted August 29, 2011 Share Posted August 29, 2011 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 & so on. Besides that, demo account can also be considered as a training platform for beginners before moving on to the real forex trading. Quote Link to comment Share on other sites More sharing options...
bringpeace Posted August 30, 2011 Share Posted August 30, 2011 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 & so on. Besides that, demo account can also be considered as a training platform for beginners before moving on to the real forex trading. Actually demo forex not give we are knowledge or more but only give we are experince in trading forex. If we try in real accout maybe we can get loss and need make deposit again but in demo we can do it without real money. So not any different between demo and real. Only just place to practice in forex without real money Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 10, 2011 Share Posted September 10, 2011 Demo trading accounts are really helpful specially 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... Quote Link to comment Share on other sites More sharing options...
LRdude Posted September 10, 2011 Share Posted September 10, 2011 Demo is not exactly real thing but its good for practice.A small tip here...you should set the deposit on the demo account the same as you would trade on the real account.If you plan to trade for example with 100$ on the real account you should play with the same amount in the demo account first. Its easy to play with 10 000$ fictional dollars on the demo.It would be more realistic to set that sum closer to the sum you would like to invest in the real account.Its better practice for the real thing Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 11, 2011 Share Posted September 11, 2011 Really good tip @LRdude instead of trading with the whole huge virtual money we received in our demo account, To rehearse before trading with real account we should play with only as much money as we can spend in real. Rather think that like the you are trading with real money and that will give you real practice. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 17, 2011 Share Posted September 17, 2011 Demo is not exactly real thing but its good for practice.A small tip here...you should set the deposit on the demo account the same as you would trade on the real account.If you plan to trade for example with 100$ on the real account you should play with the same amount in the demo account first. Its easy to play with 10 000$ fictional dollars on the demo.It would be more realistic to set that sum closer to the sum you would like to invest in the real account.Its better practice for the real thing  This is what i been asked to other forums. I am wondering because to have a good learning and idea then i just tried in demo account to be exactly the same as what i have in my real account. This might be close to the real trading and this will prevent losing in trading in small deposit. Quote Link to comment Share on other sites More sharing options...
LRdude Posted September 18, 2011 Share Posted September 18, 2011 Trading with a small deposit is the safest thing,but I have heard that a small deposit goes away quickly sometimes in a matter of few hours or minutes depending on the broker and the leverage.People have to understand that the Demo exists only to attract fresh and new investors eager to try their luck on the forex market.So is Demo real or not..some Demos are more real and some are less...again depends on the broker and how honest they are.The worst demos feed you totally wrong trading information so that you earn a lot of money in the demo and think..oh this forex its soooo easy and then you quickly sign up for a real account and loose everything in a matter of minutes on the REAL market. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 20, 2011 Share Posted September 20, 2011 Trading with a small deposit is the safest thing,but I have heard that a small deposit goes away quickly sometimes in a matter of few hours or minutes depending on the broker and the leverage.People have to understand that the Demo exists only to attract fresh and new investors eager to try their luck on the forex market.So is Demo real or not..some Demos are more real and some are less...again depends on the broker and how honest they are.The worst demos feed you totally wrong trading information so that you earn a lot of money in the demo and think..oh this forex its soooo easy and then you quickly sign up for a real account and loose everything in a matter of minutes on the REAL market. Yes, indeed it is so fast to gone and disappear. When i have tried one mistake only i got half of the deposit loss. So i think that the leverage should not be that high because of the high losses that will happen. I once also tried in demo that within 1 position only then i only end up with 50 cents remaining which of course, cant made another position. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 25, 2011 Share Posted September 25, 2011 Demo accounts becomes almost a necessity for the newbie traders who are looking to start off their trading career in Forex. Demo account gives us the facility to trade in the Forex market through virtual currencies and without risking our real money. Once the trader has developed all the necessary knowledge and skills, then he can witch to real account trading. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 27, 2011 Share Posted September 27, 2011 Yes, demo accounts are like training in forex trading. This will give us ideas and learn from the different situations and circumstances of changes. And also we can learn from the mistakes from the losses we get in demo. But for how long we will be in forex demo account? Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 27, 2011 Share Posted September 27, 2011 Yes, demo accounts are like training in forex trading. This will give us ideas and learn from the different situations and circumstances of changes. And also we can learn from the mistakes from the losses we get in demo. But for how long we will be in forex demo account? Â Ye, I do agree with you that demo accounts are for learning and does help the newbies to know the basics of forex trading. However, a trader should consistently monitor th price movement and should try reading the charts to become a successful trader. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 27, 2011 Share Posted September 27, 2011 We know that forex charts in demo account are real time forex. Which also means that it really useful because it is like that we are trading for real but in absence of real money at stake. So perhaps there is quite difference with the demo account. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 27, 2011 Share Posted September 27, 2011 We know that forex charts in demo account are real time forex. Which also means that it really useful because it is like that we are trading for real but in absence of real money at stake. So perhaps there is quite difference with the demo account. Â Well, charts and indicators do become handy when we try to trade on technical analysis. However, fundamental analysis is another form of analyzing the market through the economic and political condition of a country. Demo accounts can be used to practice trading on either technical or fundamental basis. Quote Link to comment Share on other sites More sharing options...
budado Posted November 29, 2011 Share Posted November 29, 2011 Â Well, charts and indicators do become handy when we try to trade on technical analysis. However, fundamental analysis is another form of analyzing the market through the economic and political condition of a country. Demo accounts can be used to practice trading on either technical or fundamental basis. First minded is what strategy do you want to use. Do you want to do day trading? Or do you want to do long term trading? Right now I prefer to do long term trading. Although I admit the earning and the trill is not as good as day trading. but the risk is much better if you do long term trading. I think fundamental + techinical analysis if you do long term trading. If you do day trading. Just use fundamental trading. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 15, 2012 Share Posted January 15, 2012 We know that forex charts in demo account are real time forex. Which also means that it really useful because it is like that we are trading for real but in absence of real money at stake. So perhaps there is quite difference with the demo account. Â That is the only difference between a Demo and a Real account - the one uses play money while the other uses real money. But based on this difference, other factors set it - the absence of emotion in a Demo account, the anxiousness in testing a strategy using a Real account. Quote Link to comment Share on other sites More sharing options...
kivanger Posted January 15, 2012 Share Posted January 15, 2012 it is true that the simulation via a demo account in forex important but when I tried it, I did not find a sense of greed, emotion, or any other ugly trait. but the advantage of the demo account is that we know how to trade in forex, and we can make the strategy here but may be difficult for beginners Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 16, 2012 Share Posted January 16, 2012 And I can leave my orders when I trade using a demo account (just like what I have done now - I've just placed an order in my demo account and will just check it after some time). I cannot do that in my real forex trading. I have to always be checking. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 16, 2012 Share Posted January 16, 2012 Yes, we cannot really trust or do the same thing in the forex demo to the real trading. In demo we can just leave it and wait after some time but in real we need to monitor it as it will have change all of sudden and we really will have problem and will get losses. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 20, 2012 Share Posted January 20, 2012 But I am now using my demo account to know the trend in the market. Right now, the trend for the EUR/USD paur is going nowhere (neither up nor down). I hink, it is not right to enter the market at this time. Quote Link to comment Share on other sites More sharing options...
budado Posted January 24, 2012 Share Posted January 24, 2012 But I am now using my demo account to know the trend in the market. Right now, the trend for the EUR/USD paur is going nowhere (neither up nor down). I hink, it is not right to enter the market at this time. If its going side way then I guess its better to do scalping. or if your broker has a swap its better you earn from swap interest. Anyway. I just realize that many demo account has big amount to use to trade. That's in fact is a sign that the amount that you need to invest in order to survive market volatility. Quote Link to comment Share on other sites More sharing options...
luke1 Posted January 25, 2012 Share Posted January 25, 2012 This is one of the most important feature on Forex Trading, not only for the newbies, but for the professional trader as well. Trading with the demo account is a must first to test how good our strategy there is. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 26, 2012 Share Posted January 26, 2012 Yes, here in demo account they can experiment any strategies they wanted with any lot size, amount of deposit. I always think first to try it in demo if will have good outcome or not so we can find the suitable strategy we can use in real account. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 2, 2012 Share Posted February 2, 2012 I think, you do not really think about the lot size when you do demo trading. What is important are the number of pips you win or lose using a strategy. This will gauge the usefulness of a strategy. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 4, 2012 Share Posted February 4, 2012 This is also the best way to get training and aquire more knowledge in forex section,Demo account is always the best place to start first,befor risky your real life money with live account. Quote Link to comment Share on other sites More sharing options...
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