How to practice on demo?

Joseff

Joseff

Established member
Messages
874
Likes
34
Hello, my friends. Can you tell me how to take it serious on demo account? I can't take it seriously. I can take risk per trade 50%. Place orders without stop losses and so on.

Maybe forget about demo account and start trading on a live. And money will make me to take it seriously?
 
Try a micro account with a 1000 in it and start applying money management rules to your trades now otherwise you could risk getting into some bad habits that may be difficult to break. Demo is great for understanding your platform.
 
HAL 9000 said:
Try a micro account with a 1000 in it and start applying money management rules to your trades now otherwise you could risk getting into some bad habits that may be difficult to break. Demo is great for understanding your platform.
Click to expand...

I agree with this. You can start micro accounts with much less, maybe 250. You'd be surprised even though you have only a few pennies at risk per trade how much seriously you take it compared to a demo.

Peter
 
Thank you Guys for your advices. That is good solution. I'm newbie in manual trading, but want to start.

I spend about a month studying about manual trading and steel nothing good.

Any good brokers for low deposit accounts you can recommend me?
 
A demo account is only good for one things, learning about how to use the system, place orders, and what all the different orders are and how they work.

Apart from that they're useless, ie to use them as a sub to trading real cash.

Real cash at risk is how you REALLY learn this game because it means real profits and losses. But the secret to starting off with real cash is this, for a minimum of 2 months, preferably 6 months, bet the minimum per point, ie 10p. Fins offer this.

Try to learn while risking more than 10p a point, even if you've got $10,000,000 in the bank is a sure fire recipe for disaster as so many only know too well.........

Good luck.
 
6am said:
Who knows, we do not know your attitude towards money. I guess to take it seriously you need to start with serious money :D
Click to expand...

I like this answer. :clover:

A demo account is only good for one things, learning about how to use the system, place orders, and what all the different orders are and how they work.
Click to expand...

So demo not so powerful as I thought.
 
Try doing a google search and see some reviews. I don't use Alpari so I really have no opinion on them, but if they offer micro accounts then that's what you need.

Peter
 
wackypete2 said:
Try doing a google search and see some reviews. I don't use Alpari so I really have no opinion on them, but if they offer micro accounts then that's what you need.

Peter
Click to expand...

That is the point. Many brokers offer micro accounts. I don't trust to reviews as many of them can be custom made to promote the broker. Forum is the last place where you can find trustful information.
 
Try oanda. There is no minimum lot size, so you can trade just 1unit if you like! (though you'll never be able to make a penny with that unless it moves by hundreds of pips!).
 
Its not an easy choice, even after surfing whatever reviews just try and narrow it down to what two brokers stand out or stick in your mind and take the plunge.Its just like searching for the Holy Grail m8 in the same boat myself looking for a new broker.Just see if you can think of your first two straight away and pick one.
 
Last edited:
You must log in or register to reply here.

Similar threads

X
Anyway even blow his demo account?
Replies
14
Views
3K
p-lab
p-lab
S
Demo/Paper trading without the bureaucracy.
Replies
6
Views
2K
SkyHi
S
O
practice on IB
Replies
2
Views
2K
boy
B
B
metatrader 4 - how to trade on demo?!
Replies
1
Views
3K
4xpipcounter
4xpipcounter
A
Advantages of DEMO account
Replies
9
Views
2K
AtulVajpayee
AtulVajpayee
Top