No experience- do not to start real trading

Jack Francisco

Member
85 1
You are a newcomer in trade, I say to you that if you do not have any experience in trading with demo market, do not start real trading, if you start you will lose your account probably.

first try demo- then go for a mini acc:clap:
 

perox

Member
87 0
You are a newcomer in trade, I say to you that if you do not have any experience in trading with demo market, do not start real trading, if you start you will lose your account probably.

first try demo- then go for a mini acc:clap:


Agree. Demo trading is essential before going live. Another important thing is trading psychology. Without these things no one can survive.
 

Splitlink

Legendary member
10,850 1,233
Agree. Demo trading is essential before going live. Another important thing is trading psychology. Without these things no one can survive.

Demo is ok to learn how the platform works and how to get used to the speed at which trades can go. However, what demo does not do is give the trader the reaity of risking money. Only live trading can do that, My opinion is, trade live with minimum stakes, but trade live.
 
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NVP

Legendary member
37,581 2,007
i'd also recommend 6 months of studying the many methods involved and then practice the Mechanics of Trading on a Demo first .....you will probably have a raw system in place after 6 months of research to make a start

N
 

VielGeld

Experienced member
1,421 179
Imo, don't even move off demo until you have something.

Start on demo, experiment.
Go live with v.small stakes to understand that you have nothing.
Go back to demo until you have something.

THEN you go live!
 

robertofx

Active member
139 1
Demo is ok to learn how the platform works and how to get used to the speed at which trades can go. However, what demo does not do is give the trader the reaity of risking money. Only live trading can do that, My opinion is, trade live with minimum stakes, but trade live.

Hello,

True. For a newbie it's better to start a live accounting with a small deposit. I also learned to feel the reality in that way. However my first account gone within two days. But learned a very good lesson from that.
 

Giovan

Active member
163 7
better start by reading through the basics of trading for a month, demo trade for 6 months, then open a $200 mini and that will be the first day in trading for you.
Gio
 

kimo'sabby

Experienced member
1,623 287
Demo is ok to learn how the platform works and how to get used to the speed at which trades can go. However, what demo does not do is give the trader the reaity of risking money. Only live trading can do that, My opinion is, trade live with minimum stakes, but trade live.


Crazy advice.
 

resistance

Member
89 1
It is not actually a crazy advice. If you use minimum lot or mini account in real trading then you will also feel the emotions that are not present in demo accounts. So after basic training we need to move in real accounts at smaller lot size.
 

VielGeld

Experienced member
1,421 179
No, it is crazy advice. Your emotions should be tempered by the idea you have a method or a plan for contingencies. You're risking money for no reason other than the emotional experience, which is, by the way, what gambling is all about.

Do go live with very small stakes to get a feel (Oanda allows you to risk very little), but I personally don't believe there's any emotional difference between live and demo. If you can't make money on demo, you don't stand a chance live.
 
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member275544

0 0
No, it is crazy advice. Your emotions should be tempered by the idea you have a method or a plan for contingencies. You're risking money for no reason other than the emotional experience, which is, by the way, what gambling is all about.

Do go live with very small stakes to get a feel (Oanda allows you to risk very little), but I personally don't believe there's any emotional difference between live and demo. If you can't make money on demo, you don't stand a chance live.

I agree, and all you would have done is ended up losing the money (however small) anyway. What emotions are you going to feel trading at 10p a point....oooohh me nerves just cant take it!
 

resistance

Member
89 1
I will say it again that Micro accounts are best when we have to go in live accounts. I mean if you do not have experience then you will not enter the live accounts? You have to enter one day so start with micro.
 
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perox

Member
87 0
Demo is ok to learn how the platform works and how to get used to the speed at which trades can go. However, what demo does not do is give the trader the reaity of risking money. Only live trading can do that, My opinion is, trade live with minimum stakes, but trade live.

Yeah true. Demo trading will not learn the psychological aspects of trading such as greed and fear. To get the real feeling we need to go live. Like you said with a minimum investment. Never risk money that you can't afford to lose.
 

Rambo35

Active member
227 6
Yeah true. Demo trading will not learn the psychological aspects of trading such as greed and fear. To get the real feeling we need to go live. Like you said with a minimum investment. Never risk money that you can't afford to lose.

The only way you can learn how to trade is by trading in a live account. I recommend micro-accounts for that.
 
 
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