Demo account trading is must in my view.

[anitagala124]

Demo account is mostly used by newbie traders and they should practice to trade in demo with a trading plan. A trading plan should be made by the trader itself and he should follow it to the last detail or else it will become useless.

[anitagala124]

First u should to trade demo account.Then u collect some plan from demo account.That plan u could use in forex real account.Becase a real account is a demo account.Only change real money and false money for our trading.

[rakesh]

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.

[sagar]

demo account is the best place that the newbie and expert visited for learning and practicing in there and i did it too to make an experiment or just backtest my strategies
but for newbie they should learn and practice with well because usually they make the first mistake at demo account and then they will bring it to the real account and then it becomes big problem in their trading (example : they set the virtual money too big and always feel that they always win with it )

[dmambi]

yes i know that it is amust thing for the new traders.Without practicing in demo a trader can not lead his tarde to the successful way.The traders who don't use demo he can hardly understand the full of trade.

One can still do trading without Demo account, but the cost is too much for one to pay. Yes before we understand the real trading and use of the trading software we could have lost thousands of dollars money while learning. so if one is ready for that they can skip Demo trading.

[amit]

you are right i agree with you i think that this step should all the traders pass for it to see the reality of the markets and try evrything on them mind and the important thing that we try it is the risk to convince that they take us always to the huge lose

[ashwini]

demo account bahuti jaruri hain.. kiunki forex market .. bahuti volatile hain

isiliye humain demo account main practice bahuti jaruri hain.. humain market ki movemnet per kam karna padta hian.. chart dekh kar .. yeh analysis karna padta hain.. ki.. market kidhar jayega ..aur agar thoda ..sa bhi galat analysis hua to pata hain naa kya ho jayega.

so is khatre se bachne ke liye.. humain practice ki jarurat hain.

[ShoSho]

Right its very important for forex traders that they test their strategy and check that their strategy making profits on demo account and they start on real trading account.

I am agree with you also trading in demo account it is not for bignners traders only but it is for professional traders also as they will need to test their new strategies and test new expert advisors as all that things we can not do for the first time in real we must do it first in demo account.

[anitagala124]

Right you say demo account trading makes traders know how to control emotions and greed and they can also check their strategy and use them in real account.

[anitagala124]

yeah,every new trader who wants to trade forex must practice om first demo account using his strategies then he should began trading in real account.