indieover Posted December 7, 2012 Share Posted December 7, 2012 I have demo accounts in two different brokers. So it has been useful for me to have many demo account and also its good to compare different brokers in their demo account. So I am just contented with practicing on my demo account. So I would just continue trading on my demo account as I have made some loss lately in my live trading. So I would need to practice more. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 7, 2012 Share Posted December 7, 2012 One should indeed trade more in the real account until they can be able to be profitable in here and see some results before moving over to the real account. This is a practice session and should be used accordingly to ensure that you gain the necessary skills that will advance your forex trading career. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 11, 2012 Share Posted December 11, 2012 Yes demo account really help many of the traders to learn many things and even if a newbie trader want to lean some thing in trading them he will be starting with demo account so demo account is really a powerful tool which can be use in a good way that will be very profitable . Quote Link to comment Share on other sites More sharing options...
pepy Posted December 12, 2012 Share Posted December 12, 2012 demo account good for beginner purpose , and for the place to do all experiment if you want, sometimes when i bored i trade here and even make my self loss so much money , but i think the real purpose here to give newbie a place to make theirself more familiar with forex. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 12, 2012 Share Posted December 12, 2012 The fact that its practice grounds makes it a very valuable addition to the tools that a trader needs in order to be successful in their trade. There is nothing to lose but a lot to gain by being active here since you will get experience on how to use the trading platform and experience before you go into real trades. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 12, 2012 Share Posted December 12, 2012 When I am trading with demo account I am only trading with 100 dollars because it's just more realistic for me to have such capital with my real account unlike when you set it to $1000 dollars it just not realistic for me to have such amount to trade. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 12, 2012 Share Posted December 12, 2012 $1000 is fine, i even have $10000 in my account, and that is good for people who really newbie and want to start, first time i spend about 3 weeks to trial and error with my demo account and you know i loss $3000 in my account, that is terrific but this is only virtual money and help me a lot to learn about forex Quote Link to comment Share on other sites More sharing options...
tirus Posted December 12, 2012 Share Posted December 12, 2012 This is the best thing about the demo account. You are able to do testing for your trading strategy without having to worry much about the losses but of real money so you can keep refining it till you see good results. Even though you lost $3000 its not real money and through your trial and error you are getting somewhere and improving your trading skills. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 13, 2012 Share Posted December 13, 2012 i will not trade that much but you are right i can tested some strategy there and even put some EA there and see if they work well there, many expert put their EA (or the one who want to use EA) in demo account and then with that they can analyze how it works and how much profit it can give to traders Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 14, 2012 Share Posted December 14, 2012 When I am losing in demo account I never feel anything "Oh, well. It didn't work" just have that on my mind. But I am making profit it makes me smile because you know it's giving you a self-confidence and you'll feel better about yourself. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 15, 2012 Share Posted December 15, 2012 Actually we should take the demo trading very seriously so that we can get succeed in forex because if we trade seriously in demo trading that will really help the traders to be serious with the real trading account . and demo trading is a powerful tool that can help us to learn trading very easily . Quote Link to comment Share on other sites More sharing options...
tirus Posted December 15, 2012 Share Posted December 15, 2012 When I am losing in demo account I never feel anything "Oh, well. It didn't work" just have that on my mind. But I am making profit it makes me smile because you know it's giving you a self-confidence and you'll feel better about yourself. Â This is where we need to put in more practice in the account so that we can have more profit returns from our trades because this is giving a very good feeling and boosts your self confidence. The more profits you can make in demo account means that there is opportunity for you to be profitable even in real account. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 22, 2012 Share Posted December 22, 2012 We need demo trading in order to have our trading strategy and to build our confidence for our strategy and skills to trust ourselves that we can do it and we can make profits and trade well. This is really important to know that it's not only to test the different strategies that is possible for us to use but other else emotional, technical and fundamental aspect which we should be careful. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 22, 2012 Share Posted December 22, 2012 Demo account can surely give you a confidence because if you are already earning profit with your demo account then you feel that you can try realy trading where you can possibly earn a real profit. But just keep on practicing even you think that you already good enough. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 24, 2012 Share Posted December 24, 2012 that is the first step for newbie but we should know too that not all strategy that we use in demo account will give good impact for us in real account, even like that many newbie still choose demo account, since it is an easy place to learn more about forex without need to spend any money Quote Link to comment Share on other sites More sharing options...
chintu Posted December 26, 2012 Share Posted December 26, 2012 In my opinion every trader should make us of this demo account and it is really a best place for a newbie traders to learn how to trade with forex . and not only for the newbie traders it is a useful tool for the expert traders they still trade with demo account to test there strategies . Quote Link to comment Share on other sites More sharing options...
indieover Posted December 26, 2012 Share Posted December 26, 2012 I have no problem with demo account. I would love to keep improving my skills on the demo account although sometimes in just so tempted to use the live account right away. But I'm back to the demo account already and i would keep on learning using demo account Quote Link to comment Share on other sites More sharing options...
luke1 Posted December 26, 2012 Share Posted December 26, 2012 There is one thing that we have to know about the usage of the Demo account here. There are so many Forex EA Robot programmer here, they test how good the EA Robot by using the demo account here. So, they know how this thing will work out good or not here. This is the real thing Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 26, 2012 Share Posted December 26, 2012 One of the good thing is, newbie has nothing to lose, but to GAIN. No matter how long you spend time trading with demo account before deciding to go trade with a real account, you didn't lose anything because you just make sure that you are adequate, but we know that learning never stops. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 1, 2013 Share Posted January 1, 2013 Yes, this is why its an important tool for newbie traders because there is no need to use their own money in here but the money that is used in here is only virtual. Once you see that you have the experience that you can put to good use in trading you can move to real account. Quote Link to comment Share on other sites More sharing options...
budado Posted January 1, 2013 Share Posted January 1, 2013 I really have good earnings in demo account. And right now I open a new real account and this time I'm going to mimic what I'm doing in demo account to see if I can earn good amount of money also. My goal right now is to make good profit in forex trading. I really want to increase my profit so that I can pay all of my debt right now and the only way I can do that is when I stop worrying and start trading. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 2, 2013 Share Posted January 2, 2013 Yes now a days even newbie trader and expert traders will be learning so many things only on the demo trading account and we all know that with out practice it is not at all easy to earn with forex . so demo account is the very best place to learn and practice many things with forex and it is quite easy to learn with demo account . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 2, 2013 Share Posted January 2, 2013 Sincerely a demo account has an essential part to do when we talking about fort.it tends to make guys take the right step when having forex dealings.sincerely it is also an avenue where a trader tends to plan and learn great skill and strategies that would be helpful. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 2, 2013 Share Posted January 2, 2013 There is one thing that we have to know about the usage of the Demo account here. There are so many Forex EA Robot programmer here, they test how good the EA Robot by using the demo account here. So, they know how this thing will work out good or not here. This is the real thing this is like sandbox for them they can use it to test their robot performance and after the test is over, i think they will sell it to other traders. for EA programmers they feel that demo account as one of the important place aside from newbie who usually use demo account for their importance Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 2, 2013 Share Posted January 2, 2013 It's actual so after so many readings, you can see and try it for yourself those informations that you have accumulated with a demo account. It's like step by step, but of course the thing that you've learned in the previous step would be necessary on your next step. It's necessary to every trader. Quote Link to comment Share on other sites More sharing options...
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