I think every newbie should trade in demo account before the real trade . But many people said that demo trading is a waste of time . Newbie should real trading with small deposit .
What Do you Think ? :doubt::doubt:
Printable View
I think every newbie should trade in demo account before the real trade . But many people said that demo trading is a waste of time . Newbie should real trading with small deposit .
What Do you Think ? :doubt::doubt:
If you gain much money from your demo account, then your mind is diversify to the real account to make some real money. But when you are learning trade, at that time demo account is very useful and the beginners do not feel bore on that time.
I don't think those who say that demo trading is a waste of time for beginners have knowledge about forex . Demo trading isn't only helping a trader to increase his capability and understandability of market moving but also enabling experts to verify the significance of their news strategy. I would say that releasing demo software is the best opportunity offered by any broker.
I think it is not biooring if one is a good student and listener.
It provides opportunities tio learn more and more about trading.
It is not boring because it is like real trading enviornemnt but with the difference of virtual money.
Use demo account for study. We can study charts of other currency pairs and buy and sell in the demo account until you are comfortable with this process. Patience is required to develop the skills to quickly identify and profit from trading opportunities. Do not fund a live Forex account until you have demonstrated consistent success in a simulator.
You must be patient to learn in a demo account. I am trading with the manual method. control my emotions, with a commitment to the rule of discipline in trading systems, and has a target daily profit and loss limits
yes I do, demo trading is not the exciting, but it is a must to learn forex . you can't trade on real accounts directly without having practice for long time with demo accounts with a good result
Demo trading is not boring as far as I am concerned, though to the impatient newbie who has itching fingers, he may think that he is missing something not trading live. In demo trading you do virtually the same things that you do on a live account. When you are doing good on a demo account, you simply switch to a live account but demo trading is not boring.
Sometimes I feel that trade on a demo account is boring because there is no money we make from there. but I still do that to test any new strategy before I use to trade on real account...
Do not ever to think demo or virtual account is boring or useles for trader especially for new traders. There is lots of function of demo account. We can learn and practice about lots of new formulation or indicators combinations to find out how its work before we applied this to the real account using real money