Demo Account V/S Demo contest.

[netros]

There is nothing wrong with the second account. but there is a very prominent, when we're using a real account, then we will always be subject to psychological, different when we are at a demo account, you will feel comfortable and not affected by the loss of existing. but if the loss on real account, then we will really really worried.

[manav14386]

demo coount is more importnt to beginners becuse it gives them to learn and practice trading forex online, with no risks.with a demo Account, you can trade forex online in real time..

[somad]

Demo account is the one where you need to practice and the money in this account is virtual money and not real money.A trader checks his trading strategy by trading from demo accounts..
In demo contest the traders are again given equal amount of virtual money and leverage and the trader who makes most money out it is declared the winner.This is also done to check the abilities and skills of traders and also for a health competition.

[norix]

I also think that the demo account better for the learning process, because it's just a demo contest for traders who are only after big gains without the use of a good strategy. because they are only chasing victory in the contest. and victory is determined by the amount of profit they get. so there is no learning process and account management strategies that good in my opinion.

armpits first time we came in and we certainly know forex preview of the demo
armpits and also we know how to make a good system by the demo, and after that we will create a strategy that we can use when there is a contest

[damarisa]

Yes, I agree dome account and demo context are different things and traders should not behave in real accounts like demo context. I think an experienced trader understand the difference and they do not take such risks in real accounts. Newbies should understand the difference well to avoid any loss..

[contil]

certainly not like that .. if it's like that you think it's wrong.
there are some traders who think demo contest and demo accounts have different market conditions, that is a replica of the demo account but real account and you will always benefit when you use it, and it would be very different if you use a real account with the same technique you will get a trading account that you manage defeat that did not occur when you use a demo account before

[hend]

I also think that the demo account better for the learning process, because it's just a demo contest for traders who are only after big gains without the use of a good strategy. because they are only chasing victory in the contest. and victory is determined by the amount of profit they get. so there is no learning process and account management strategies that good in my opinion.

[even89]

relatively according to the trader it self. according to the mindset adjustment. i mean, sometime the pure demo will be better then the contest account. this is because when we trade without controlled emotions in contest account. all that we think just reward or prize. this could make us forget our main goal enter the demo trade.

[faster4]

its good if you had full concentration, and win the contest

but it will useless when you just trading for the money
but you not use full skill of the trading skill .....

wasting time....

[cfxsignals]

Demo accounts on contests are unrealistic. I see people taking 100% risk and that is just not really realistic for making money in forex. If you want to make money in forex then you should trade demo properly and not treat it as a competition.