Demo vs live trading accounts

[amat_kayu]

pada pendapat aku kalau nak belajar forex start dgn demo.

demo acct hanya utk memahirkan penggunaan mt4 atau apa2 platform utk trading..

once dah mahir dgn mt4, then kena beralih ke live acct utk trading.. tapi dengan depo yg kecil ie 10usd.

jgn terlalu lama dgn demo sebab banyak kekurangan kalau trade dengan demo.. salah satu nya ada tiada emosi..

selelok2 nya trade dgn live acct yg kecik.. jangan depo besar..

once confident baru gradually increase nilai depo..

my one cent..

 

[sofar]

Demo and live trade; much debate has gone on in forex about these two, different opinions raised. Some valid while others are not, but often times we miss the purpose of the first and the relationship it has with the latter.
Demo is like the foundation of live trading, the roots where every newbie must go through. A place that prepares you for live trade, if you realize this then you will know it's purpose.

 

[Mr. Lucky]

Demo and Live trading are both the part of the Forex Trading, one is for learning and one is for earning. You need to have some good knowledge, to ensure your success in the same.

 

[Luke Hansen]

There are many juvenile traders who are frequently asking about the evaluation between demo trading accounts and live accounts. The names explain many aspects. With the demo trading accounts we learn forex trading but with the use of virtual money, that’s why it is said that demo gives the real insights of experience of trading but with spurious money. And live accounts are the real trading accounts where we make authentic investment and trades currencies.

 

[Osmibie]

I would say that trading on a demo account deceives newbies in some way. Because this trading is not like trading on the exchange. It's rather theoretical knowledge.

 

[Halt]

It goes without saying that you shouldn't underestimate the demo account – it's a peculiar training source for newbies, although you can never get real experience from it.

 

[Vondereich]

tak payah la guna demo.. bukan akaun 10 dollar cent punya akaun, lenjan la sampai abis

 

[hollyM]

But we also shouldn't forget about the demo account. We all had it and we all understand that it is very useful. The only thing I'd recommend is not to get used to it too much, because you start losing the sense of reality and it's going to make it harder trading on a real account.

 

[Christof]

Many people, especially beginners, underestimate the demo, considering it a waste of time. But the demo is a great way to get experience without the risk of losing your own money.

 

[Luke Hansen]

Judging the effectiveness of strategy with demos

Sometimes, pro traders take sufficient time in demo trading account before start trading with some new strategies. If he is trying to understand the feasibility of his trading strategies, then he is not completely wrong. At the beginning a trader needs to understand whether the strategy he is trying to apply is effective enough to satisfy his trading needs. Once he is confident enough then gradually he starts using it and finishes his race and wins the competition.