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Old Oct 5, 2017, 7:22am   #17
Joined Apr 2017
As a novice trader, you should focus on only demo, if you donít want to lose your money! Forex trading business is so popular, because of availability of demo trading service! So, use this opportunity! In addition, start your live trading when you are very sure about your own trading skill in your demo! Donít count your demo trading sessions, focus on your learning process only, best of luck!
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Old Oct 6, 2017, 11:41am   #18
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Newbies should have good amount of knowledge and experience and skills to become successful in the Forex Trading, all you need is to have a good amount of practice.
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Old Oct 7, 2017, 12:39pm   #19
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Lots of time you have said just same thing knowledge and experience. share something new
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Old Oct 7, 2017, 3:14pm   #20
 
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I think Demo trading is just losing time. You will not experience the psychological effect as you do with live trading. You can start with 10$ on a micro account and go from there. Demo trading does no replicate the emotions involved with trading real money.
Demo is only good if you have an EA thats not sensitive to execution, spread and broker comms to see how it performs. If you plan to trade manually, you need a real account from the get go.
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Old Oct 10, 2017, 6:02pm   #21
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Quote:
Originally Posted by xtradex View Post
I think Demo trading is just losing time. You will not experience the psychological effect as you do with live trading. You can start with 10$ on a micro account and go from there. Demo trading does no replicate the emotions involved with trading real money.
Demo is only good if you have an EA thats not sensitive to execution, spread and broker comms to see how it performs. If you plan to trade manually, you need a real account from the get go.
If demo trading losing time why professional trader always emphasis on demo? can you explain ?
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Old Oct 10, 2017, 6:08pm   #22
 
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It really depends who you ask. Some will tell you that you should demo trade for a few months, others will say its losing time. I belong to the latter group. Demo trading is in no way the same as live trading. You get the same set ups but psychology is 70% of trading success. On demo there is absolutely no emotions involved and thus you can not learn to control them.

As I said, start with 10$ on a micro account and go from there. You at least have some emotion even if its peanuts. If you cant afford 10$ to start, then this business is not for you, its just that simple.
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Old Oct 10, 2017, 6:40pm   #23
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Demo Trading can never be considered as a time waste, you need to understand that if you wanna become successful, you need to have quite a lot of Demo Practice for about of 6 to 8 months.
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Old Oct 11, 2017, 10:25am   #24
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Newbies should have to think of the market and if they are ready by having those practice trading and also accumulation of the trading capital that will be appropriate for their trading strategy and their aim of profits. Then it will slowly understand how to deal in this market.
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