Thread: Difference between Demo and Live

This is very good thinking. Still you are able to do the forwards testing using a small real account; you'll notice sometimes execution will be slower, wider spreads might remain in effect more than in demonion etc etc.. Each of the subtleties, small piranhas that bite chunks out of your account.

Originally Posted by ;

Meaning I'm going to be funding a live account with over $1,000. That means I need to know whether my money management schema is going to fit up to my system in this way that when (not if) I hit a losing streak, it retains the ship afloat on a $1,000 account.

I've a 5k demo account I've managed to trade down to 2k from the last two months of learning.
When it is back to the original 5k I will start a live account.

So I'm all for demo accounts for noobs.

Originally Posted by ;

Display = Video game. You perish, but you need lots of lives and you can start over again without losing anything.

Live = Its like deployed in Kandahar. You make a mistake and you will loss your legs, limbs or your life.

That which I favor = Demo to get a week or two then fund your account with $100 (I suggest Oanda as you can trade $1 transaction size or any size for that matter).

If you loss the first deposit, then reload it with $100 until you're able to double that amount, in which time you may increase it with more money you can afford to decrease.

Cheers...

Great metaphor, they are truly distinct, demo could be fun and reside is the real war.

Trading real money is usually more enjoyable) but not cool when you eliminate
but yeah there's a difference and if the broker is not really good sometimes they create the demonion performance looking so well that way that they attract you to open an account with them but in fact they aint good at all)

The demo account is unquestionably helpful in getting the significance of the FX trading. You can learn a lot, especially from your mistakes. But, there's no element of emotion or pressure whilst trading on demo accounts. It can be a fantastic thing or bad thing because we need to take emotion out of trading and exercise area in order to be prosperous. But at the exact same time, the absence of pressure can force you to choose the trading less badly and lose your attention.

In terms of functionality, your achievement on a demo account doesn't necessarily translate into success on a live account because: 1). Demo accounts do not require slippage into account two. The pressure is off and you might well be in a different mindset when trading with a demo account.

So, I advoe trading on a demo account for a couple months for learning purposes, and then trading on a live account with a small amount of money that you could manage to lose, simply to see the difference between the 2 accounts and to see if you're really prepared to exchange for real money.

Hello! Could anyone tell is it possible to earn money on demo account. And the way to do it? I want to clarify it. Just I am reluctant to loose cash from very beginning on dwell account. TY

Originally Posted by ;

Which is far better to understand FX?

Lots of individuals overemphasize the significance of demonion trading. Demo account is like ABCD..in FX and also to orient you to the trading terminal appliions and FX glossaries.

In my 6 months of live adventure I find, in retrospect, demonion is unworthy.

Demo won't ever provide you with the delight, immersion, and motivation to do best and keep your account viable. And also demonion is like dissection of a dead body (without a reflex). Only Live trading using Micro/Nano account will give you the chance to learn real FX.

1....

I think Demo trading is the most significant part FX trading for beginners. Demo trading can not be ignored by any one. You must have to practice in demonion before beginning live trading. If you have emotion problem then after few months practice you can begin trading at micro account.
Be patient or leave Forex Trading.

Demo trading for me is the best way to learn in Forex. In Demo, you can test your trading plan and improve your trading abilities. It can allow traders to experiment with a broad range of financial products, such as options, futures, Forex and other derivatives. Additionally, it allows the investors to get knowledgeable about the available resources, it provides a way to test different trading egies, such as carry trades in Forex. Must use Demo first to find out before going in to live trading so that when you move on live, you can make better profits.

Originally Posted by ;

Demo trading for me is the best way to learn in Forex. In Demo, you can test your trading plan and improve your trading abilities. It can let traders to experiment with a broad range of financial products, such as options, futures, Forex and other derivatives. It also allows the investors to get knowledgeable about the available resources, it provides a means to test different trading egies, such as carry trades in Forex. Must use Demo first to learn before going into reside trading so that when you go on live, you can earn better profits.

better then demo trading is trading in actual account with extrem little money and just most potential tiny positions. (by way of example cent accounts).
So you learn the differences same time between demo account and actual accounts. And you dont risk money, just so less that anyone can manage it. However, you dont lose zero, therefore its not unimportant and not so unreal.

My opinion is trading in real account is obviously better than trading in demo account because you may feel your real emotion, greed, timidity, jealousy...
But it is the smartest to begin demo trading till you understand what Foreign Exchange is and what risk you're facing. No point start trading real right off because no matter how small and to pour your money in your situation is, a newbie will burn his account sooner or later. Demo till you understand what it is you are doing. If you would like to take it further after you're familiar with Foreign Exchange, then real trade using the minimum amount of money you are prepared to risk.