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Thread: Difference between Demo and Live

  1. #11
    Quote Originally Posted by ;
    It is a deceiving amount because a very large portion of this is consumed by bank to bank/ dealer to dealer transactions. The real actual raw cash worth that get's transacted is really a hell of a lot smaller.
    Thanks for the insight. .

  2. #12
    Display = Video game. You perish, but you have many lives and you can start over again without dropping anything.

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

    What I prefer = Demo to get a week or two then fund your account with $100 (I propose Oanda as you can trade $1 trade size or any size for that matter).

    Should you loss the deposit, then reload it with $100 till you can double that sum, where time you may increase it with more money you can afford to loss.

    Cheers

  3. #13
    Once you start winning demo consistently and have studied much, don't stay there for long.

    Just with a live account you'll feel the way it like to trade for real. You will feel the pressure because you're together with your hard earned cash and sometimes, the actions that you believe that are great to save your cash end up being worse.

    You'll have a totally different perspective once you're trading reside, even in the event that you treat a demo account like a live, the feeling won't be entirely there.

    It is a lot more mental match.

  4. #14
    The demonion is the best option, esp for newbies who are not certain what Fx trading is all about. As soon as you start earning some profit and consistently using the demo account, then you're all set to make the transition into a live account.
    Good luck!

  5. #15
    Of course is extremely beneficial. If you can't concentrate when using presentation, because you're mind set is looking at it lyke a child's play, in relation to the problem is you. Demos are vital to know how tools work and to experiment new egies.

  6. #16
    Demo is money. Live is YOUR MONEY!

  7. #17
    Quote Originally Posted by ;
    The demo is the ideal choice, esp for newbies who aren't certain what Fx trading is all about. Once you start earning some profit and always using the demo account, then you're all set to make the transition into a live account.
    Good luck!
    I agree, I'm relatively new to the sport and demo allows me to understand the rules first before I go live. I realize that dwell is going to be a new adventure.

  8. #18
    Quote Originally Posted by ;
    I concur, I am relatively new to the game and demo allows me to learn the rules before I go live. I realize that live is going to be a new adventure.
    Demo can help you to acquire the basics of the market, but at the long run, you'll need real life reside trading experience where you will learn how to control your greed and emotions.

  9. #19
    The demo is great, but it's hard to follow your principles on it. I used the demo for about 1 month and then went live, the one problem is you can not reset your live account is easy as you can then the demonion!! Pick out the demonion seriously and then you'll know where you are at.

  10. #20
    Quote Originally Posted by ;
    I concur, I am relatively new to the game and demonion allows me to understand the rules before I go live. I realize that live will be a new experience.
    Believe me, many traders have jumped ship from demonion to live way too premature. So stick with the demonion for a while, learn the principles and once you've decided on a egy, proceed to live account. Bear in mind, patience is the trick to success in this market.

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