Demo vs live trading accounts

[Shing1985]

The demo accounts simply lets you type in any amount in MT4 / MT5. However, if you plan to go for real, just type the exact amount in the demo, so that you would feel, what to be in the real world.

 

[mrindice]

The demo accounts simply lets you type in any amount in MT4 / MT5. However, if you plan to go for real, just type the exact amount in the demo, so that you would feel, what to be in the real world.

Thanks but it still can't give me a feeling of losing or making money. I think there is no safe substitute to live account trading

 

[Spellweaver]

Forex is amind game from all that I know. The more effort you put into it then the better you will get. Time is one of those very important things that you need to put into forex. A demo account just prolongs the time and most people never like that. Demo trading and live trading are not the same. You will know the difference when you start trading.

 

[Morlugamand]

When I joined forex I barely knew anything. Reaing about forex trading is not enoigh. You have to learn and then apply what you have learnt to know if you have understood what you have read. The more time you spend in a demo account then the better for you. Never rush into live trading after just a few days or weeks in demo trading.

 

[mrindice]

Demo accounts should be used to practice before trying luck or testing skills on live account. But caution should be exercised when using demo because easy profits, lack of emotional pressure create impression of easy wins. I always practice on demo platform of Hotforex because trading conditions are awesome.

 

[Agamatius]

For most newbies. The important thing is to learn. Without knowledge you fall very fast. A deemo account is the best way to practice so that you can hgain all of the relevent trading skills ofor the real thing. To some it is a sure way to know if they are ready to trade or not.

 

[Landa]

Any newbie that does not take their time to trade in a demo account is headed the wrong way when it comes to forex. A demo account is a training ground for most traders.If you cannot find time to use a demo account then better to just quit forex. It is important to think smart in this profession.

 

[Blackfont]

This is definetly a must do for all of the newbies. You cannot just juumop into the water if you do not know how to swim yet. Forex trading is an ocean filled with storms and waves. We are the ones that are sailing our ships through it. If you cannot sail your ship properly because you lack the skills then you will certainly drown.

 

[RainbowRain]

Any newbie that does not take their time to trade in a demo account is headed the wrong way when it comes to forex. A demo account is a training ground for most traders.If you cannot find time to use a demo account then better to just quit forex. It is important to think smart in this profession.

You are right. After all, when we find some trading strategy, indicators or forex robots, we never know what quality these systems are, whether they work well or are unprofitable. Therefore, it is better to test them on a demo account before risking your real money.

 

[Aaron_0]

Waalaikumsalam,Walaupun berjaya di akaun demo, akaun live boleh berbeza kerana faktor emosi dan tekanan kewangan. Di demo, tiada risiko wang sebenar, jadi lebih mudah untuk mengikut pelan. Di akaun live, ketegangan emosi seperti ketakutan atau tamak boleh mempengaruhi keputusan dan tindakan anda.