ATSATS Posted October 14, 2012 Share Posted October 14, 2012 day by day our trading brokers are growing their smartness. they give us live demo trading now-a-days. that is so important to learn forex tarding. when an investor want to invest in forex trading he should fierst trade with demo trading. at first download a software a open a demo account which take 1 minutes. then trade with that software and you will get a proper basic knowledge about forex. then when you think that you can trade with real money then you open a real account. first time you should invest low and if you think you could earn money then you can invest high. you should follow indicators which suggest you sell/buy or close signal. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 15, 2012 Share Posted October 15, 2012 true by studying some of the tools available on the trading software will help us to analyze price movements and this will provide a lot of convenience to trade profitably but we also have to remember that there are tools on the trading software is simply a pointer only and sometimes the data provided not always true because, in addition to our practice to learn how to use those tools would be even better if we have to trade our risk management Quote Link to comment Share on other sites More sharing options...
budado Posted October 16, 2012 Share Posted October 16, 2012 We must not compare demo to real account. demo account is only good for practice while real account is good for earning. So in short if you are in demo account that means you can do lots of things in here without fearing that you will get MC or you going to loss your funds. Because if you get MC in your demo account you can simply open another demo account. But in real account. What you loss is your loss. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 16, 2012 Share Posted October 16, 2012 it is true we do not have to compare between a demo account with real time trading account by using the demo account can we free to do anything it will be but when we do our real trading will be limited by the risk of loss and with a demo account, we are also required to find out how how to trade little risk and find profitable trading system that later we will apply to the real trade Quote Link to comment Share on other sites More sharing options...
adnan007 Posted October 26, 2012 Share Posted October 26, 2012 Both demo account and real account have their own advantages. Demo account is basically used by the newbies to get started with trading in forex. It mainly for the purpose of practicing. While, real money trading deals with the trades which are taken in order to earn some money out of it. Quote Link to comment Share on other sites More sharing options...
rony Posted October 26, 2012 Share Posted October 26, 2012 I rslly do not know why you have to merge the two records simultaneously but if that is causing your achievements, why modify a successful group. I would choose the trial consideration for a investor that already has an current way to use the practise records for examining new techniques. Quote Link to comment Share on other sites More sharing options...
kaito kid Posted October 29, 2012 Share Posted October 29, 2012 We must not compare demo to real account. demo account is only good for practice while real account is good for earning. So in short if you are in demo account that means you can do lots of things in here without fearing that you will get MC or you going to loss your funds. Because if you get MC in your demo account you can simply open another demo account. But in real account. What you loss is your loss. Â I think demo contest is the best way to make practice while we get our chance to earn money from it, my broker offer the real prize ( the prize can be withdrawn anytime by the winner ) and the other broker offer trading balance for the prize, both of prize give us more chance to earn money. Quote Link to comment Share on other sites More sharing options...
tirus Posted October 30, 2012 Share Posted October 30, 2012 Both demo account and real account have their own advantages. Demo account is basically used by the newbies to get started with trading in forex. It mainly for the purpose of practicing. While, real money trading deals with the trades which are taken in order to earn some money out of it. Â Yes, the demo account is more about practising and is actually a simulation of the real thing where the main advantage for traders is that they can either practice their trading skills and work on their trading strategies without having to use real money in the process. It would be a bit difficult to trade in a real account where you would be putting real money at risk because you are still learning. Quote Link to comment Share on other sites More sharing options...
budado Posted November 6, 2012 Share Posted November 6, 2012 Â I think demo contest is the best way to make practice while we get our chance to earn money from it, my broker offer the real prize ( the prize can be withdrawn anytime by the winner ) and the other broker offer trading balance for the prize, both of prize give us more chance to earn money. That's true. Contest demo also can help you campare your success to other members. So even if you don't win if you are ranked near the winner then you know you have something to take to be successful in forex trading. Me I also uses contest demo account. But although I don't really expect to win. Theirs nothing wrong with trying. If you got a lucky break then its better position yourself now in contest demo. Quote Link to comment Share on other sites More sharing options...
rexway Posted November 10, 2012 Share Posted November 10, 2012 Well actually demo contest is very good its help to give traders money to trade in the forex market and also its help improve the knowledge of the trader by making him compete with others traders who can do more better in exchange of the knowledge for price. Quote Link to comment Share on other sites More sharing options...
kaito kid Posted November 12, 2012 Share Posted November 12, 2012 That's true. Contest demo also can help you campare your success to other members. So even if you don't win if you are ranked near the winner then you know you have something to take to be successful in forex trading. Me I also uses contest demo account. But although I don't really expect to win. Theirs nothing wrong with trying. If you got a lucky break then its better position yourself now in contest demo. Â Â There is never any harm if we tried and tried in demo contest, in addition we will always get a chance to win, we can hone our trading skills on and on, and it will certainly give us great results for our real trading. That's why I never want to miss the opportunity to participate in a demo contest, like 999 demo contest which the registration will be closed tomorrow, and the contest will start on November 14. Quote Link to comment Share on other sites More sharing options...
rexway Posted November 13, 2012 Share Posted November 13, 2012 Yes that is indeed the function of demo account you get what you want at your desire time demo account is infact the only account which i can recommend for any forex newbie to start with because its hold all what that can make us to succeed in forex trading Quote Link to comment Share on other sites More sharing options...
chintu Posted November 18, 2012 Share Posted November 18, 2012 Well Demo account is really a great tool for most of the forex traders not only for newbie traders bit also for the expert traders . and the demo account is the place where there will be provide with a real forex account environment will be provided which help the users to feel free with the real account when they are trading . and the currency we trade in demo account is virtual currency . so it will really help for many newbie traders . and for expert traders the demo accounts will help them to try out the strategies in demo account first . Quote Link to comment Share on other sites More sharing options...
alam3636 Posted November 18, 2012 Share Posted November 18, 2012 Of course not new traders alone find the demo account useful but even those experienced shall find it great to go to try new strategies and techniques before applying them in their real trades. I think not only it let us test whatever we want but it adds to our confidence and make us trade better. Quote Link to comment Share on other sites More sharing options...
tirus Posted November 20, 2012 Share Posted November 20, 2012 The demo account is still important to all traders despite many people thinking that its only useful when it comes to newbie traders only. I think that this is where many people are missing the point. Nonetheless, both are still important to a trader's career if they want to be successful and profitable out of forex trading. Quote Link to comment Share on other sites More sharing options...
rexway Posted December 1, 2012 Share Posted December 1, 2012 Yea for sure demo account is even the right place to start forex and its hold some good basic fact which can help in building up the traders knowledge for sure and uplift their trading standard. Quote Link to comment Share on other sites More sharing options...
luke1 Posted December 6, 2012 Share Posted December 6, 2012 Yea for sure demo account is even the right place to start forex and its hold some good basic fact which can help in building up the traders knowledge for sure and uplift their trading standard. What we can see from the facility of the demo account here, this is correct, the demo account here is the best place to start understanding Forex. In this way here, we can see the good thing and the risk from Forex trading. What we can get, and what we will face here Quote Link to comment Share on other sites More sharing options...
Ofejiro20 Posted December 6, 2012 Share Posted December 6, 2012 Well not many traders like me can boast of their trading performance,so they use the demo account platform to rehearse and learn from whatever source they acquire knowledge.But at a point in time we ought to kick start with real trading to experience what it feels to trade with your hard earned cash. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 7, 2012 Share Posted December 7, 2012 Well not many traders like me can boast of their trading performance,so they use the demo account platform to rehearse and learn from whatever source they acquire knowledge.But at a point in time we ought to kick start with real trading to experience what it feels to trade with your hard earned cash. Â You are right because you cannot make any money if you are simply in the demo account only. The real money is made in the real account which is where all the knowledge and practice gained is going to be useful to land you into profitable trades. The real motivation for going into trading is to make profit ultimately. Quote Link to comment Share on other sites More sharing options...
budado Posted December 7, 2012 Share Posted December 7, 2012 Yes we can't make money if we trade in demo. But do you think you can make money if you trade in real account if you don't have enough knowledge and know how to trade in forex? the result will be the same you don't earn money in real account also. Worse you will get MC. But in demo account even if you don't earn money at least your still gaining something and that is knowledge. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 12, 2012 Share Posted December 12, 2012 The demo trading is just to make you learn how to trade forex but real account is used to trade with the real money . and this demo account is just to practice and make your self familiar with forex but real trading account helps you to trade and earn real money . so i can say that both real and demo trading accounts are very much helpful to the traders . Quote Link to comment Share on other sites More sharing options...
Ghost Posted December 26, 2012 Share Posted December 26, 2012 I do not think that they are meant to be compared as rivals, each jostling to occupy top spot. This is a wrong manner of approach. we should see them asmutually exclusive in this case and serve different purposes for traders of different levels. Hence the need to be able to get ahead of the arguments and into reality. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 27, 2012 Share Posted December 27, 2012 This days i am seeing that most of the traders are spending most of there time with demo account rather then real account because most of them want to trade with real money only after gaining a very good knowledge of forex and that is really a good thing and it should be accepted by many of the traders . Quote Link to comment Share on other sites More sharing options...
pepy Posted December 29, 2012 Share Posted December 29, 2012 This days i am seeing that most of the traders are spending most of there time with demo account rather then real account because most of them want to trade with real money only after gaining a very good knowledge of forex and that is really a good thing and it should be accepted by many of the traders . if you trade too long in demo account i am not sure you will even get good money in real account sooner after you move, demo account for me only as basic part and also experiment place for me so i can get myself familiar with all thing that i need to know in forex before i jump into real trading Quote Link to comment Share on other sites More sharing options...
tirus Posted January 2, 2013 Share Posted January 2, 2013 But the timing is also important because once you make the transition from demo to real account you must be prepared to use real money that you can lose at any time. As much as you dont need to take longer than necessary before you go into the real account one should also make sure that they dont leave the demo account prematurely and they have had good practice in here. Quote Link to comment Share on other sites More sharing options...
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