Importance Of Demo Account

pradegxs · November 20, 2015

Currently I'm testing straddle trading with two demo accounts at Hotforex, NFP has shown that with low slippage its possible to almost double one of the demo account wiping out second one. I wonder if I take Supercharged 100% bonus from HF on two real accounts will I be able to trade NFP with them successfully?

Dean Headley · November 24, 2015

I think importance of demo account will be known to one who is eager to learn, but if we are not learning or interested in that then we will never understand the value of demo account, so we definitely need to determined and passionate about learning, it is the only way we are going to find it possible. I don’t usually prefer demo account given I find it boring, but I do love to learn and that’s what I do with OctaFX broker’s support with their awesome Southampton Supreme demo contest, it is too good with just been 90 minutes while there are huge prizes up to 400 dollars plus additional 10 dollars each time we complete the goal which means doubling the equity.

November 25, 2015

I think importance of demo account will be known to one who is eager to learn, but if we are not learning or interested in that then we will never understand the value of demo account, so we definitely need to determined and passionate about learning, it is the only way we are going to find it possible.

In demo account, we will see who are strong enough to stay learning in forex trading, their dedication is tested during their training session in demo account...

shoushe · December 12, 2015

Demo account is very essentinal and you can try any account type (Advanced and Classic) on demo with my broker Vinson Financials. Actually many brokers offer multiple account types but they only allow you to trade a few types on its demo.

December 16, 2015

with use demo account trader can start to learn about forex trading, and i think its very important for any trader to do before do real forex trading. even they face with lose they will not feel the risk, because they trader with a virtual money.

nextop · December 16, 2015

I am trying low spread at demo for testing a system at HotForex. It's really different than normal spread account. If the result is good, I could get charged commission for lowest spread.

December 21, 2015

anything u need before do real forex trading is demo account, because with demo account u can get many experience by do it with no risk. just dont think about profit, because preparation is very important before u do real forex trading.

Dean Headley · January 4, 2016

Demo is important for practice and creating methods that we can carry to real account, we got no other choice. We could be greedy with directly trying things in real, but then we have to be prepared for it if things go wrong. It is not something many can do due to money issues, so the best way is to be good at practicing. I can understand this been highly boring, but now days we don’t need to use simple demo, I don’t use it either, as I prefer working with OctaFX broker on their Southampton Supreme demo contest, it is latest with huge prize to be won, so that’s why I like it very much and saves me from getting bored.

**⭐ aliforex** · January 6, 2016

Proper knowledge of forex market, Practice much on demo, hard work and patience, Control on emotions and risk management all these are the basic things that you have to keep in mind to go through the way of success.

uncle gober · January 6, 2016

Demo accounts are very useful to train our trading skills, both good strategy and good money management without risking our money, while the real account in addition to train our trading skills both good strategy and good money management are also trained in psychology or emotions when trading, even if it means risking our own money but we get a psychological training that we need to be successful in trading.

jinjiren · January 7, 2016

Demo account help you to know basic knowledge of forex, that's all, trading mind should be practised in micro live account.

uncle gober · January 13, 2016

I think the demo account only suitable strategy to gain experience that will be applied in a real account. better rest directly on a real account to train mentally and emotionally. for beginners this is a mistake that often occurs when the demo account successfully but in a real account is different. once he fails it will tend to lose in the long term.

pradegxs · January 15, 2016

I don't think demo account is so important because it doesn't teach you how to cope with emotions. In contrast the use of demo is fraught to careless attitude to your real funds in live account, thoughtless risking etc.

jinjiren · January 21, 2016

No demo account, no idea about forex trading for new ones, it's first and necessary step if you want to start.

Dean Headley · January 21, 2016

I don’t want to be harsh, but the real value of demo account is understood only by serious traders, it won’t be possible for new comers to know the real value of demo account since they never take it seriously. I have always taken it seriously and that is what has helped me get success easily, but of course, it is not only my brilliance or something like that, it is also to do with my broker OctaFX, as they are the number one company in the world and carries sensational benefits especially demo contest, it takes away the boring part of demo account and that’s why, we are able to practice with high level of motivation to make everything work easily in terms of practicing.

September 26, 2016

we can continue trading with demo account. we can retest our stategy and edit it . when we have better stategy. we can get more money again

Pixie Pips · October 10, 2016

Demo accounts has many benefits with it, like newbie can start learning with demo, any trader can test his new strategy with demo before moving to live account. Learning with demo account is important for any trader.

tradesprint · October 13, 2016

New traders can easily get used to with the forex processes while trading demo accounts of any broker. Moreover, demo accounts can be good to back test any strategy or EA before implementing them to real accounts.

Pixie Pips · October 14, 2016

Demo accounts are beneficial for both newbie as well experienced trader. But newbie should take them serious for trading, because they are in learning mode so learn well with demo.

October 14, 2016

yes while you stay in Forex world you should stay in demo trading as well. Most of the successful experienced traders still practice demo to analyze their new strategies. So to trade with minimum risk of loss demo is must.