Demo Account V/S Demo contest.

This 2 account have big difference that people should understand.

In demo account, we try to do trade with small lot size and try to learn from that so we can do same in real account.

But in demo context, we always open big lot size to double money in some hours and to come in top 5 or 10. So i think we should not learn anything from demo context except doing gambling.

What do you think about this?

In demo accounts we see new people but in demo contests we see lot of experienced traders who will make their account 10time in few days.

i think demo account more important for newbie..
because demo account is basic way to the real account..
how about another?

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Originally Posted by christina_oktaviani

i think demo account more important for newbie..
because demo account is basic way to the real account..
how about another?

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In another account they will conduct some contests for people thats also demo account thats why most of good traders will try these demo contest account to check their ability.

demo account for learning forex...new trader & some expert test their Trading Strategies in demo account
but when demo use for conteset, every trader want to make money very fast....they forgot all rules they just trade and the main aim win the contest...

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Originally Posted by s19

demo account for learning forex...new trader & some expert test their Trading Strategies in demo account
but when demo use for conteset, every trader want to make money very fast....they forgot all rules they just trade and the main aim win the contest...

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I saw some experienced traders are working hard on demo contests to make some huge money by winning the contests. For normal trader its time waste if he try for demo contest.

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Originally Posted by nilu

I saw some experienced traders are working hard on demo contests to make some huge money by winning the contests. For normal trader its time waste if he try for demo contest.

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Yes i agreed with you, demo context is waste for newbies as he have to make double or triple his balance in few hours to get some prize and he cant able to do that, only experience people can do that and they also try to that and some time they getting prize and soemtimes not.

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Originally Posted by Anytime

Yes i agreed with you, demo context is waste for newbies as he have to make double or triple his balance in few hours to get some prize and he cant able to do that, only experience people can do that and they also try to that and some time they getting prize and soemtimes not.

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Few says back i participated in one demo contests where i lost half of money and the person who is in first made 10k into some 300000 dollar in 2-3 days, i think he will reach 1 crore at the ending day of contests.

i think in demo contest we feel the feelings like real accounts (fear to lose contst) and it also a very important thing for real trading that you experience the fear.you have also said true that in demo contest we cannot learn the trading techniques like money managment etc

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Originally Posted by Anytime

Yes i agreed with you, demo context is waste for newbies as he have to make double or triple his balance in few hours to get some prize and he cant able to do that, only experience people can do that and they also try to that and some time they getting prize and soemtimes not.

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Absolutely correct . from my experience i also say when i am newbie then participate in some demo contest and trully saying after lossing in demo i cant learn anything because that time i tried to win prize and as a result because contest end i lost all of my money because of big lots . so i think demo contest dont give anything to newbie.