Demo account trading is must in my view.

[dmambi]

Demo account trading is a beginning point for any trader who wants to build his career as a professional Forex trader. Because there is lot to learn during trading , and this can not be done in real account without committing any mistakes which results in loss in money. Since in Demo we are not using real money we may relaxed to learn as we are not going to loose anything.

[oscar]

please tell us how can we learn to manage our emotions on a demo account. Emotion like greed and fear are the main factors which ruins a trader in the initial stage. So is there any way to learn how to control or manage these in demo account?

only discipline will make us able to control emotions in forex trading ..
we should strive to abide by the rule to minimize emotional trading ....
but it takes a long time for us to be able to control emotions trading

[taufiqbd]

Demo trading is very much important of me because demo trading help to understand forex without taking risk. Basically demo trading is more important trading than real tradin because in real trading trader are always try to safe but in demo trading trader trade without any hesitation as a result he understand the actual situation of forex.

[wavestraders]

I would like to suggest that some brokers offer some money like $ 5 to start your real account in which you can start your real account. The advantage of that account is that even if you loss money you would not be gloomy because that was not your own money. So we can feel the different between the real trade and demo trade

[yaar]

please tell us how can we learn to manage our emotions on a demo account. Emotion like greed and fear are the main factors which ruins a trader in the initial stage. So is there any way to learn how to control or manage these in demo account?

[sunil]

Demo is useful for testing purposes. and it is used to teach a beginner know how to place and close a trade, set trails stop etc. But if one continue to learn forex trading using the demo accounts and after 3-4 months invest a huge sum assuming that he has mastered the subject. that will be the biggest mistake in his life. Why? because he didnt learn anything about REAL FOREX trading in those few months. trading in demo and real accounts are different and i dont want to elaborate more in this thread its available everywhere in this forum.

[Ronak]

yes, using a demo account to see our skills in the trade. can make our demo account to test media strategy we will use in trade and we also have to maximize our ability to trade on demo account before we get to the real trade

u said right thing ,,demo is not just for learning basic but for many things like testing strategy and also we can measure our skill by trading with demo ,,,demo account is best option for enriching your knowledge and experience

[sunil]

i 'm afraid i cant agree with you. please explain us how can a trader learn to cope with his emotions learning in demo.

one cant learn swimming by sitting on land and watcing others to swim

[sinaga]

yes, using a demo account to see our skills in the trade. can make our demo account to test media strategy we will use in trade and we also have to maximize our ability to trade on demo account before we get to the real trade

[clickme]

Yes there is no other voice without demo account practicing go for live trading or real time trading. it is your best and good friend always to have the good strategy and risk free trading, as mush as you practice with demo account, your trading skill will be better enough for future trading and effects good result .