Demo account trading is must in my view.

Yes an trader should never take part in this unless he has basic knowledge and also he done trade perfectly at demo account. This is a business that requires that we must learn it effectively first due to the amount of risks that is associated with it. The use of demo account to trade the forex trading market as a beginner is a must for all traders. Moreover, 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. Thank u.

yes demo pe kam karna sab ke liy zaroori hota hi kion ke in pe kam kar ke humain bohat faida hota hia hum bina kisi risk ke kam karna sekh jaty hian so demo accounts pe kam karna sab ke liy zaroori hota hia

If any one want to earn or start forex trade he must need to learn demo account first . If he can learn it first then he can do well in the forex trade . So all need first practice with demo .

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Originally Posted by Malvoy

We must know that demo account is also called dummy account which is generally a learning trading account where you can trade with no money required, on the other hand real account that the trader trade with real market. There is no margin of error or mistake while you are trading in real market, otherwise you have to face a loss and you have to face experience competitors.

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i agree with you. a demo account is a dummy account where we can test our strategy and other things without
having to worry about the financial loss that we will face when we do mistakes because the capital in demo
account is just a virtual account.

No matter how much emotion a trader gets in demo trading, it can not be compared to what he will feel in a live trading account. For instance if a trader is losing money in a demo trade, he may feel bad and want to close the trade but this will only be due to ego or the feeling that he does not wish to be wrong. If however the trade goes pretty bad, he can say well let it go, and I will open a new demo account. He cannot do the same with a real live account.

its true there is no emotion involved in demo account while we trade like real but still its very very necessary for newbie trader to understand forex without any risk and for experience to test their strategies . so no less importancey of demo account from my view point.

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Originally Posted by clark kent

yes of course demo trading is so must for the new member and for every one because in demo we will learn every secrete about trading and also we learn how we start the trading and and so many strategies ideas...

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I think demo account is important for real live account traders to test new strategies and custom indicators and expert advisors to check if it is useful or not to apply it in real accounts.

Demo account is important like real account, and every tool available which we practically apply in real account. Demo account is practicing account in which we build our own strategies, and practice in demo account, then drived a good strategies after success

mera view he ni sb ka yahi kehna ha ke sb se pehle demo main work karna chaye.
is se kuch na kuch pta chal jata ha ke kis stragdy ke sath work karna ha.
demo main har galti ka pta chal jata ha jis se koe nuqsan ni hota.

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Originally Posted by Jazpa

We all have idea about how risky is forex trade. So without preparing ourselves, jumping to real trade will be too fast. This can be very fatal and we may end of suffering huge loss. We may even get bankrupt. That is why we need to trade with demo accounts first. It will give us perfect education, concepts and experience about the trade so that when we go for the real trade we don't have to panic and lose everything.

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hi forum members
i think in demo trading there is no factor of emotion . but in real account there exist the factor of emotion so demo trading is only for gaining basic knowledge and some what experience