ali555 Posted January 31, 2014 Share Posted January 31, 2014 There are many conflicts where people say their own view about demo accounts.Some say that it is not much useful some say it does not give you complete trading idea. But what I say is demo account is very much useful for the newbies because they can learn many thing risk free.You have no risks of loosing your money so you can practice risk free.The main stories on failure speaks that mostly the newbies loose the money,so they must start with demo accounts to get ideas. However this demo account makes you not well practice about the psychological factor which is very important one in trading,but this makes you well trained to provide you some basic trading tips. So it is better to act on a virtual environment before you start. http://www.forex-metal.com/affiliate/46199/2 Link to comment Share on other sites More sharing options...
Guest gaban Posted January 31, 2014 Share Posted January 31, 2014 for me, demo account is very useful for learning the basics of trading without the risk of losing money. Without a demo account, I think we will have difficulty in understanding the forex properly. We will do not understand the indicators, it is difficult to read market movements, etc.. So, I suggest essential beginners to learn in a demo account before starting real trading account. Link to comment Share on other sites More sharing options...
Guest Mateo Rodriguez Posted January 31, 2014 Share Posted January 31, 2014 Demo account is a good way to have a general grasp of the trading process and the Forex market. It allows you to have a general idea about the trading itself. Also using a demo account is a perfect way to test your broker. It helps you to develop a trading strategy that you can use when you go to the actual trading. Link to comment Share on other sites More sharing options...
gerski Posted February 3, 2014 Share Posted February 3, 2014 Demo for me is very important for newbies.As newbies this will be the best chance to try and do their trading and put their skills without sacrificing their real amount of money.Demo will serve as newbies training ground,even those traders who are not newbies even use demo.Thats why demo is helpful for everyone,newbies or not. Link to comment Share on other sites More sharing options...
Guest gaban Posted February 3, 2014 Share Posted February 3, 2014 of course,a demo account supposing instructions for us to trade. Without a demo account, we will often experience a loss. With a demo account, we can learn to trade using virtual money. so that we can trade without risk. Link to comment Share on other sites More sharing options...
rrayne2009 Posted February 3, 2014 Share Posted February 3, 2014 Developing a trading plan that works for you is one of the most difficult things to do. A demo account will allow you to try different trading ideas until you come up with a system that makes you comfortable. A demo account will allow you to explore the strengths and weaknesses of a trading system without risking a single penny. Link to comment Share on other sites More sharing options...
Lindsey Posted February 4, 2014 Share Posted February 4, 2014 A Demo account is good for beginers in trading . Demo account can help us to get some education about forex and a trader should play with Demo account for at least one year. Link to comment Share on other sites More sharing options...
Guest gaban Posted February 5, 2014 Share Posted February 5, 2014 yes, of course, the demo account is highly recommended for a newbie. and I think a year is a very long time to make trades on a demo account. If we can learn trading routine, then 6 months is enough time for us to learn trading in a demo account. Link to comment Share on other sites More sharing options...
Jo Eshuijs Posted March 11, 2020 Share Posted March 11, 2020 Leverage is most powerful trading analysis in Forex market to make huge profit rapidly. By using the higher trading leverage you can make good money. But you need to choose the right broker. I get Forex4you is the right broker for my Forex trading. In their platform they give – higher trading leverage 1:1000, error free trade execution, easy withdraw without any long term error, instant cash back and many other facilities. Link to comment Share on other sites More sharing options...
maspluto Posted March 12, 2020 Share Posted March 12, 2020 the use of existing leverage must be able to be considered properly, this is needed and needed so that traders can be more leverage in getting the security and comfort of trading in accordance with expectations with Tickmill. Link to comment Share on other sites More sharing options...
Ross Edwards Posted March 12, 2020 Share Posted March 12, 2020 The newcomers always try to earn money quickly. It is quite impossible in forex. The newcomers should know the rules of forex market first. They should learn the basics of forex trading. To know the basic knowledge of forex practically they can create a demo account in TP Global FX. It will help them to trade in forex with lower spreads starts from 0.01 pips. It also give them high leverage which is 1:500 maximum. It can also be with them like a shadow in their forex trading. The trading system is very easy. For me, it is the best option to know about forex for the newcomers. Link to comment Share on other sites More sharing options...
uncle gober Posted March 13, 2020 Share Posted March 13, 2020 the existing effort must be able to be considered properly, this is needed and needed so that traders can become better and more optimally in carrying out trading activities in accordance with expectations with Tickmill. Link to comment Share on other sites More sharing options...
Michael Butcher Posted August 11, 2021 Share Posted August 11, 2021 I suppose a demo account can help you understand whether a broker is right for you or not. But I strongly advise you to study all the information about brokers in order to understand whether you can trust them. You can surf the net and read this information. I can recommend u one site which calls Finarm com. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information. Link to comment Share on other sites More sharing options...
Resolve Posted August 12, 2021 Share Posted August 12, 2021 22 hours ago, Michael Butcher said: I suppose a demo account can help you understand whether a broker is right for you or not. But I strongly advise you to study all the information about brokers in order to understand whether you can trust them. You can surf the net and read this information. I can recommend u one site which calls Finarm com. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information. Those traders who are newbie must make use of the Demo trading accounts. Link to comment Share on other sites More sharing options...
Rikor Posted August 20, 2021 Share Posted August 20, 2021 demo account introduces newbies to real life trading conditions Link to comment Share on other sites More sharing options...
pradegxs Posted August 22, 2021 Share Posted August 22, 2021 On 8/21/2021 at 12:05 AM, Rikor said: demo account introduces newbies to real life trading conditions Yeah, except spreads and execution speed and unfortunately their impact on trading is huge so real impact so it can yield unpredictable results. Link to comment Share on other sites More sharing options...
maspluto Posted August 23, 2021 Share Posted August 23, 2021 The ability to analyze will also be needed by traders, so it is important for traders to be able to be more optimal in seeing the opportunities and risks that exist well. Link to comment Share on other sites More sharing options...
Resolve Posted August 30, 2021 Share Posted August 30, 2021 On 8/23/2021 at 8:36 AM, maspluto said: The ability to analyze will also be needed by traders, so it is important for traders to be able to be more optimal in seeing the opportunities and risks that exist well. We need to use a Reliable trading based analysis to be able to get the profits. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now