Thread: Is demo a step before real trading?

I prectice before opening an account. I believe every trader should begin from demo.

Without doubt that demo is a necessary step before Beginning Actual trading

I really Despise demo, I like to Check things on live account and know how it feels to lose or win money even if I risk Pennies

I think demo helps to get used to platform and follow some overall price behaviours of tools. Generally, real fun begins after you put on liove accout and Begin risking your funds It's completely distinct

I suppose demo account is excellent to practice before going toward real trading accounts, though it is apparently tiring in start but it helps a lot later on. I trade my demo accounts in my time to check new egies.

Originally Posted by ;

I suppose demo account is excellent to practice before going toward actual trading accounts, though it seems to be tiring initially but it really helps a lot in future. I still trade my demo accounts in my free time to test new egies.

Even if it's tiring I don't think that is a step that should be skipped. You are going to be taking risks if you do. It's far better to learn to trade in a surroundings that is secure relaxed until you proceed more trading with real cash.

Yes, you need to practice using demo accounts before accounts before you get to the trading. It is always a good idea to test your skills just also and to know your limit of your egy know you stress levels.

Begin with demo, then produce a SMALL (SMALL, like in SMALL) account.
You'll see that losing ten trades of 10000 in demo does not have the impact that losing three of 10 at a true account will.

DEMO IS BULLSH!T

you don't need to exchange on a demonstration, this is crap faxed to you by the trading business to lull you into thinking that you're a great trader and you should go live.

Money Management is where the men are separated from the boys . The ability lies in not choosing levels, not with a few indior (that dosen't work) the ability of any trader is determining in their stop loss first before entrance as doing so is the only way to assess where the entrance can be determined by your comfort level with risk.

I've mentored traders over my years and my own advice, harsh as it might be is that:

- You need to work out by looking at charts where appropriate trades are and then working out your funds management from their if you can not do so yet then demonstration trading will not help it is only going to instruct you not to use proper money management cause it isn't real, only by getting your ass kicked normally do you learn

Save yourself the hassle that the only skill you really need to possess up in trading is being man enough to kill losers the rest is acquired over time.

Simon