Demo account trading is must in my view.

waheedpcc, Yeah, it is really necessary in forex trading. The demo trading is like a breeding ground where forex newbies are trained till they are strong enough to trade in the real live markets.

Quote:

---

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.

---

Yes demo account is very good to learn but my experience about demo account did not remained excellent because knowing that there is nothing real in this account so I took it lightly and could not trade earnestly. 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.

Quote:

---

Originally Posted by ishvara

waheedpcc, Yeah, it is really necessary in forex trading. The demo trading is like a breeding ground where forex newbies are trained till they are strong enough to trade in the real live markets.

---

yeah you are absoulateely right...before starting real market trading they need to have knowledge.....and lots practice of demo..firstly they need to choose trading style then after experiment some strategy that suits on trading style and practice in demo for some time..after postive result they can jump to real trading..so for this purpose demo account trading is must needded

right right right and I totally agree with you as demo is very very important for all newbies......it will be hard to control and it will tell you the basic rule of patience in forex as you have to be patient and do not just enter in the market straight away. I mad the mistake and paid some price

There are certain of trading you can`t jump you have to pass all of them and then you`r trading profitig career start.
Once you understand and have strategy you can come here (Real) to trade

Quote:

---

Originally Posted by waheedpcc

of course that is true that demo traingn is very necessary to understand the all markets aspect
We can understand all basic fro a to z all thinsg that how do trade with at our best

---

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

Quote:

---

Originally Posted by mayengbam

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

---

You are right emotions is a contradictory factor when we trade real money. We always try to gain as much as we can. Finally, we are at the bottom of the swimming pool.

Quote:

---

Originally Posted by nikhil_rrane

You are right emotions is a contradictory factor when we trade real money. We always try to gain as much as we can. Finally, we are at the bottom of the swimming pool.

---

I think it is greedy, wanting to get maximum profit, self-confidence will grow along with increased trading capabilities, I used to when I first knew also assume forex forex is easy, but in fact I find it difficult to generate consistent profits, but I keep trying

Demo account is necessary for real trading it helps us how to apply order and how to close order. It also helps how to apply pending order, but in demo account you never control emotions and greed because demo account has no feelings no frustration. You are just trading trading and nothing.

Quote:

---

Originally Posted by 100c°

Demo account is necessary for real trading it helps us how to apply order and how to close order. It also helps how to apply pending order, but in demo account you never control emotions and greed because demo account has no feelings no frustration. You are just trading trading and nothing.

---

I learned on a demo account to learn and operate the metatrader trading systems, all the analysis has a false signal, no 100% accuracy, I do technical analysis, after reading the news, I'll mmenentukan entry point with technical analysis, and make entry as fundamental direction of technical analysis