demo trading account

[Merk Porter]

A foreign currency exchange trader should try to establish him in the challenging field of forex. Although some forex traders don't consider the significance of demo accounts, traders can’t deny the fact that demo trading account is the best way to gather practical knowledge of forex trading. With the use of their demo trading accounts traders can acquire knowledge and learn from their mistakes in this learning process of course free of risk.

 

[Bormondo]

Also, i believe that only reliable brokers provide demo accounts. Cause scam brokers not intrested in non-profit functions on website.

 

[J_C_Anderson]

For sure, demo account is important not only for the begginers.
Experienced trader could use it to test new ideas and strategies, doing the following:
- creating the idea
- backtesting with the help of special software
- demo testing
And only then the trader should start operation with the real account

 

[NVP]

seriously ? ........

 

[mason_ritter]

A demo account can be useful to any trader for both practice and testing purposes, I think that much is obvious.

 

[James turtle]

Demo trading should be done in a way as if we are trading on a live account. Only then a trader will learn from it. Trading lot, time frame, trade management have to be maintained without keeping in mind that it is a demo account.

 

[scarlet jones]

I agree! Demo trading is a great way to experience how the trading platforms work and to make you feel comfortable with trading in the start. It allows to test your strategies before you actually try them out on a real account.

So traders can demo trade for as long as they want to until they have full confidence on themselves that they will be able to fulfill their targets.

 

[Hudson Jack]

A demo account can be useful to any trader for both practice and testing purposes, I think that much is obvious.

Agree with you. Demo account is useful for both newbies and existing traders to test strategies.

 

[GMoore87]

Although some forex traders don't consider the significance of demo accounts, traders can’t deny the fact that demo trading account is the best way to gather practical knowledge of forex trading. With the use of their demo trading accounts traders can acquire knowledge and learn from their mistakes in this learning process of course free of risk

I completely agree with the part that Demo's help in gaining practical experience. But another thing that I personally like about Demo accounts is that when a trader is struggling with bad trade days, he/she can just go back to the demo and start fresh with a new approach.

 

[fibo_trader]

A foreign currency exchange trader should try to establish him in the challenging field of forex. Although some forex traders don't consider the significance of demo accounts, traders can’t deny the fact that demo trading account is the best way to gather practical knowledge of forex trading. With the use of their demo trading accounts traders can acquire knowledge and learn from their mistakes in this learning process of course free of risk.

Help them Father for they know not what they say or do and have got it all backwards. One thing they surely don't realize is that everyone here is on DEMO. Not just the newbies - everyone! One nice big happy family"

But here's the juice from Fibo - ferret out the spoiler and voila you then can understand why DEMO trading is worthless. OP says the key in the last 3 words


FREE OF RISK


ROFLMAO




“Life is either a daring adventure or nothing at all.”

“If you dare nothing, then when the day is over, nothing is all you will have gained.”

“Fibo learned long ago that a life lived without risks pretty much wasn't worth living. Life rewarded courage, even when that first step was taken neck-deep in fear.”

“Only those who play win. Only those who risk win. History favors risk-takers. Forgets the timid. Everything else is commentary.”

“The reward is in the risk.”


“If you opt for a safe life, you will never know what it's like to win.”

 

[steveday76]

A demo account can be useful to any trader for both practice and testing purposes, I think that much is obvious.

agree 100%

 

[steveday76]

I used demo for about 3 months before trading for real, i found it essential.

 

[manover]

While the demo account is good way to analyze the performance of your trading, it is not useful in long run. You got to start using the real account and experience the emotions.

 

[fibo_trader]

While the demo account is good way to analyze the performance of your trading, it is not useful in long run. You got to start using the real account and experience the emotions.

Well said.

Demo account is a Playboy magazine, a far cry from the real thing. Given how well Playboy sells, it sure as heck proves that people love the Demo. And they all say its because of the great articles.