radex78 Posted September 8, 2016 Share Posted September 8, 2016 Because on demo account, there is no limitation of creating it if we want to keep practicing.Practice in demo account will very useful because as trader they can free to learn one system and strategy before used later in real account, but might will better if we start in demo account with using initial deposit equivalent with money that will used in real account Quote Link to comment Share on other sites More sharing options...
pepy Posted September 8, 2016 Share Posted September 8, 2016 Through practical view, i think that honing our skill in demo account is a must, especially for newbie isn't it? For experienced traders we already know about that. In my own opinion, in real account people still able to trade but the risk is bigger than what you can bear in demo account, you bet more thing in real account than in demo account. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 9, 2016 Share Posted September 9, 2016 Through practical view, i think that honing our skill in demo account is a must, especially for newbie isn't it? For experienced traders we already know about that. In my own opinion, in real account people still able to trade but the risk is bigger than what you can bear in demo account, you bet more thing in real account than in demo account. Â Agree, this demo account has no risk at all since we're trading with simulation funds. Quote Link to comment Share on other sites More sharing options...
aliforex Posted September 14, 2016 Share Posted September 14, 2016 Agree, this demo account has no risk at all since we're trading with simulation funds. Even you also can take part in trading contest. We will get more trading experience. And as a trader, we must use he experience to make us be more ready when trading. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 15, 2016 Share Posted September 15, 2016 with increasing experience, we are in addressing the risks of forex trading will be trained and able to manage the funds available in the account in order to survive in the forex trading. and can take advantage of opportunities in the forex market. Quote Link to comment Share on other sites More sharing options...
aliforex Posted September 16, 2016 Share Posted September 16, 2016 with increasing experience, we are in addressing the risks of forex trading will be trained and able to manage the funds available in the account in order to survive in the forex trading. and can take advantage of opportunities in the forex market. Â Â Our trading experience will help us to earn more profit. We can use our trading experience as lesson so we will get better when trading. Try to maximize any chance we find when trading because it will helpful Quote Link to comment Share on other sites More sharing options...
gaban Posted September 16, 2016 Share Posted September 16, 2016 before we start trading in a real account then we need a demo account, with the demo account then we will be able to be able to exercise properly Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 16, 2016 Share Posted September 16, 2016 before we start trading in a real account then we need a demo account, with the demo account then we will be able to be able to exercise properlyDemo account still useful, for beginner after they learn basic forex, and also learn about technical analysis and might learn indicator and how to use, then in demo account they can learn how to use mt4 and implemented all knowledge that already learned included how to use indicator Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 16, 2016 Share Posted September 16, 2016 Traders who have not been able to control the emotions do not worry, just need to make continuous improvements. If the emotion is still unstable, tend to be greedy and want to get rich quickly. So this side improved, say within the next year is already a wise trader Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 17, 2016 Share Posted September 17, 2016 Traders who have not been able to control the emotions do not worry, just need to make continuous improvements. If the emotion is still unstable, tend to be greedy and want to get rich quickly. So this side improved, say within the next year is already a wise traderActually about control emotion is very much important in trading, improve skill in trading also need acompanied with strong psychology trading, and if any trader still can't control their emotion properly hence usually will often making mistake again and over again Quote Link to comment Share on other sites More sharing options...
francmorio Posted September 19, 2016 Share Posted September 19, 2016 I hone my trading skill in demo trading and demo contest from my broker, instaforex. In demo contest, we will get more advantage, beside we can hone our trading skill here, we can get chance to win the prize that we can use to increase our trading balance. And i use real account with bonus post to trading with my broker. instaforex is not a good broker especially when ity gets to Binary trading! The charts they give traders to use for trading is not the same charts they use to detrmine results. I haven't trading forex with them, but Binary trading with them is not good at all! Quote Link to comment Share on other sites More sharing options...
novarisa Posted September 21, 2016 Share Posted September 21, 2016 The demo account is for learning how to trade whereas the live accident the main account by which the trader will be able to earn money. When I was still trading in the account, I don't use to take it very serious in the beginning till I started losing in the live account Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 22, 2016 Share Posted September 22, 2016 To minimize the risk should a trader should try to place SL and TP with the best conditions so that traders can be more disciplined to keep so that trading can run not too fast loss due to the placement of the SL who disobey the rule of our own Quote Link to comment Share on other sites More sharing options...
obieze Posted September 23, 2016 Share Posted September 23, 2016 yes demo account is for the newbies to learn on how to trade before trading to real account,and it is easier to learn while because you have nothing to loose ,but as for me i wiil even prefare trading on demo account because there is nothing to loose and also trade on fun. Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 23, 2016 Share Posted September 23, 2016 yes demo account is for the newbies to learn on how to trade before trading to real account,and it is easier to learn while because you have nothing to loose ,but as for me i wiil even prefare trading on demo account because there is nothing to loose and also trade on fun.Demo account is good for learning purposes and for backtesting strategy forex before start in real account, and at least as newbie advisable for practice in demo account at least six month, because so many trader they can't maintain account more than six month and almost trader fail less than six month Quote Link to comment Share on other sites More sharing options...
myregister Posted September 26, 2016 Share Posted September 26, 2016 I see that demo account is pretty much fine for newbie but usually newbies find theirselves are overly confident with their skills, well not all but there are lots of them which you can easily find. In real account it is different cases. Real account consist various type of traders trying to make more money and gain experience at the same time but i agree that most of them pursue the profit. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 26, 2016 Share Posted September 26, 2016 Some people believe that they should trade in the live account first, in fact, that is their problem. What we need to do is that we should learn to trade in the demo account and we should learn to start practicing in the live account after we get knowledge from the demo account Quote Link to comment Share on other sites More sharing options...
pepy Posted September 26, 2016 Share Posted September 26, 2016 Wanna honing your skills? Both are ready for you to use. The problem which one is more suitable for you? Choose! There are traders who think real account is the best place to learn and earn you don't have to shit with demo account, but to me demo account is a good place to learn and do the mistake and learn from it without need to put the risk into your shoulder. Quote Link to comment Share on other sites More sharing options...
obieze Posted September 26, 2016 Share Posted September 26, 2016 yes i will still say that demo account help a lot and also normally use by newbies because as a newbies you would'nt like to risk your money trading on real account because you might loose all your money as a starter,so you have to try the demo account first. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 27, 2016 Share Posted September 27, 2016 The risk in a real account is far greater than in a demo account. In a demo account, we only use virtual currency so trading psychology that we will be less well honed Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 28, 2016 Share Posted September 28, 2016 The risk in a real account is far greater than in a demo account. In a demo account, we only use virtual currency so trading psychology that we will be less well honedUsually in real account as trader will felt dept emotion pressure and fear too much, but in demo account because only use virtual money and they know although able making good profit these money unwithdrawable and making trading no emotion pressure, except using demo with certain goal like as backtesting new strategy and system trading Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 28, 2016 Share Posted September 28, 2016 A trader also should continue to strive to improve trading capabilities, an advanced demo account tradng one way that we can get maximum results in this forex. Quote Link to comment Share on other sites More sharing options...
aliforex Posted September 29, 2016 Share Posted September 29, 2016 A trader also should continue to strive to improve trading capabilities, an advanced demo account tradng one way that we can get maximum results in this forex. It must be done becuase if we do not have good skills, we will not get maximal profit. We can try to take part in trading contest and try to more improve our trading skills from time to time. Demo account also must be maximized it as well as possible. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 29, 2016 Share Posted September 29, 2016 Well in all kind of account we have i think that demo account and real account is reasonable for not involved emotions, because emotions will make us bias when we trade and i think this is not what we want, right? Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 30, 2016 Share Posted September 30, 2016 Well in all kind of account we have i think that demo account and real account is reasonable for not involved emotions, because emotions will make us bias when we trade and i think this is not what we want, right?In forex trading about psychology trading is very important for trader, because many trader also get failure because weak in psychology trading, although any trader they having good analysis but if weak in psychology also can messed up plan trading because might they become over confident and too much fear also panic if faced with certain worst condition Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.