Demo Account V/S Demo contest.

Demo accounts are an important part of forex trading because we can practice here to develop our trading strategy and if we can trade in demo contests we can justify our learning and be more experienced. and demo and demo contest accounts are two different things where all the work done by traders should be but demo accounts are only useful for single traders but in demo contests, many traders can practice a lot and share their experiences with each other.

My dearest actually I believe both are the same, but in a demo contest then we will have the opportunity to make prizes that usually make real money, so many traders choose to use the demo account demo as usual. and the demo account is the best place to learn about trading techniques and if you don't use them you will never benefit from highlighting your expertise, demo accounts have the same market as real accounts, so the more we can trade well on demo accounts, then we will also be able to trade well when on a real account.

yeah unfortunately I really think that both are the same but demo accounts are more flexible than demo contests. From my experience in participating in InstaForex contests, there are volume and order limits in demo contests but there are no restrictions at all in demo accounts. And of course the opportunity to get prizes in demo contests that make a difference. and in forex I actually think both have different interests. The demo is useful for developing the forex base and helps build the right strategy. we use the demo as a test place in the future. but in the demo contest we have to fight with other traders because this is a contest.

Yes always sir g ap ny kafi acha khulasa kiya hy jo k reality hy har aik trader k sath esa he hota hy aksar trader esa he karty hein big lot size chose karty hein jo k batter ni hy humein small lot size sy he demo per trading karni chahiye phir chahy loss ho ya profit humein knowledge milti rehti hy

Demo demo and contest accounts are used for different purposes, on the trader's demo account learning and executing their strategies before taking them to the direct market but in demo contests a trader uses his right skills and does not take unnecessary trades like in the demo market because there is no emotion attached to it. and my demo account practice karne se humari trading ki knowledge aur experience increasing hoti hi magar contest demo i trade karne se humen experience to sath sath prize win karne bhi mauka milata hai aur prize heng win karte hai to humara bhi level of trust hota increase hai

Demo accounts are only intended for learning not for demo contests. In a demo account, we use the smallest lot size to trade so we can learn and apply it on a real account. But in demo contests, we use lots of lot sizes so we can make double our account in a few minutes. and in demo contests we feel like real accounts (fear of losing context) and that is also very important for real trading that you experience fear. You also have said that in a demo contest we cannot learn trading techniques such as money management etc.

Well bro, personally because I think the main advantage of Demo contests is that they give us the ability to get real money by trading and then we are in a position to really make some profits. On the other hand Demo Accounts for new users and want to learn when and how to trade and enter the world of forex using virtual money. and We know we have to practice on a demo account because the demo account is the right place to develop a trading strategy and we can develop our trading skills too, I think if we use demo contests to learn more then that would be a good idea too.

well unfortunately actually in forex there is no doubt that demos are useful for developing basic forex and helping to build the right strategy. we use the demo as a test place in the future. but in demo contests we have to fight with other traders because this is a contest and in the forex trading business, I really think taking part in a Demo contest is good for every trader because he wants to get good insight into his trade and see how his performance compares to other traders. This gives us a good perspective on trade and also helps us become good traders.

dear friends if you like to trade on a demo account, I suggest you use a demo contest, because in the demo contest you have a rival you have to beat, meaning you have a little emotion so this is better than just a demo account, on your demo you don't have emotions to win or benefit and it's easy to trade if you have no emotions ... thank you ... good luck all members ...

if you are a beginner then you should try a demo account and the difference between a demo account and a trading account that is a demo account is the best of beginners and you always see new people on demo accounts and your contest accounts always see old and experienced people. and demo accounts for beginners, and demo contests for expert traders. Actually new traders can also join the contest, but it is difficult for them to be winners, so many expert traders can make a lot of profits in a short time