Demo trading is an important tool in trading. It allows you to sharpen your trading skills, test your strategies and learns from the virtual losses. Go live once you have started earning profits consecutively in demo trading.
But keep in mind that when you trade with REAL MONEY in live account you are more prone to emotional trading which can lead to losses. This aspect always remains missing in demo account.
We must go through this process for us to succeed in the market, else things might prove strange when we go live without any formal practice. And it is only demo trading I have seen that can give us that.Yeah, it is the best way to have knowledge and experience and skills that we need to become successful in Forex Trading.
Yes, you are right, every trader should do Demo before entering the market, it helps a lot to learn about the real scenario of Forex Market.
Not many would agree with this concept, but damn such one because they won't be there to help out when you are somewhat lost in the process.
I agree! I know everyone needs a demo account especially for no experience with trading but it is not a guarantee that having a demo account will give you exactly the result you need to know.
I know it is not closely related, but definitely we can get some closure into the market using demo account. At you should be able to know a bit of what you want to deal with in the market, and demo can give you that.
Demo accounts are quite interesting,really.
Yeah, Demo would be the best way to learn about the Forex Trading, you need to understand that if you wanna become successful, you need to have enough practice before trading with Forex.
You something; forex is not where you joke around, neither is it gambling based on 50/50 chance. You have to be very careful and do things in proper sequence, one of which is demo trading before you move on.I agree! It is pretty risky to just immediately deal without enough knowledge about it.
Demo is the best way to obtain knowledge regarding the Forex Trading, but only if you are serious enough while Demo Trading.
True, and sometimes I feel that it isn't just for newbies but for all. Here is what I mean; you can learn something new tomorrow and would want to test it without fear, demo can come in handy.Demo experience is necessary not only for the Fore Knowledge, but also to get a basic idea to learn the process of Forex Trading.
Yes, you can go for live trading only if you are earning consistent profits in the demo account. But make sure always start with small account initially. As emotions will always play a major role while trading in live account and to avoid huge losses it is suggested to start with small deposits.