Demo Account V/S Demo contest.

[Victoryindia]

mere khayal se demo contest sirf experiamnced traders hi jeet paate hai..
new comers ke liye demo contest jeetna bahut mushkil hota hai..
new comers ko demo account sirf live account ki practise ke liye karna chhaiaye

ha aapki baat ekdum right hai aur hume demo account used karna hi chahiye thodi der ke liye kyunki hume uske market movement pata chaleaga.

[soumen]

mere khayal se demo contest sirf experiamnced traders hi jeet paate hai..
new comers ke liye demo contest jeetna bahut mushkil hota hai..
new comers ko demo account sirf live account ki practise ke liye karna chhaiaye

nehi bhaiaap bhi contest jeet sakte ho . bhai ye deno contest pure betting he. mera suno to demo contest me ek ya do pair choose karo aur bara order do. phir age dekho hota he kya. agar luck accha he to ho gaya nehi to phir kabhi. samjhe. heheh lol

[mayengbam]

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?

To learn forex i think opening a real account and learning to trade is more important. if we learn with demo account there will be no excitement and enthusiasm that we get while trading with real accounts. So i would suggest to open a real account with a small deposit of $20 - $50.

[anubhavsingh]

mere khayal se demo contest sirf experiamnced traders hi jeet paate hai..
new comers ke liye demo contest jeetna bahut mushkil hota hai..
new comers ko demo account sirf live account ki practise ke liye karna chhaiaye

[dhenia03]

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?

demo account is quite helpful for us beginners forex ..
because in addition to learning media, demo accounts can also be used for training facilities before we use real account ..
it is my opinion on the demo account.

[soumen]

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.

You are right . in my experience in normal demo account you may learn a lots of knowledge. here you give order as like real. but in demo contest the main thing is to rich the first position. thats why participent gives a big size order if market going with him then he gain. this is totally like gambling. waste of time and nothing to learn,
but one good thing is you may earn some $ if your luck with you, just like gambling.

[Nikhil]

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.

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.

[Victoryindia]

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

[nilu]

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.

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.

[Anytime]

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.

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.