Demo Account Vs Real Account

[Guest gaban]

Demo account is a very important role, with a demo account we can practice the way of better trading performance, forex business is a business that is not instant on the run, but where the risk forex business is very big there, so continue to increase the ability to trade where we run trading with instaforex able to bring a profit

[Fx Mental]

I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.

[Sininfinity]

Demo account and real accounts has it's differences. But one must first use demo account to learn things out before going to real account.

[Pixie Pips]

A demo account is great for learning how the trading platform works, placing trades etc. That is really as far as it goes.

[Fx Mental]

I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.

[sendong]

there is no escaping demo tbh, i do use it to make some trades i dont dare on live just to see how it goes. 

[pradegxs]

On 11/16/2018 at 5:12 AM, Pixie Pips said:

A demo account is great for learning how the trading platform works, placing trades etc. That is really as far as it goes.

Yes I took me three months to train on demo account , testing waters, understanding interface and developing basic trading strategy before I was able to make some money on live account. Hotforex greatly improved my trading experience and skills, thanks to their education courses and assistance from personal managers. 

[Pixie Pips]

Demo is for learning but take it as serious as you are working for real money otherwise you will not able to understand the real Forex.

[Gilstern]

I agree that demo should be taken very seriously by all new traders. A lot can be learnt on this account. Certainly, there are differences when trading on real account which are mostly related to psychological aspects, as now you are trading with real money and you care about your profits

[tradesprint]

With virtual funds in demo account when any new traders earn profits he earns nothing but experience as how to trade in forex live account, when they loose even then they don't loose any money however even in this loosing event they learn experience which is more valuable i guess.

[Sininfinity]

The only thing that demo can not do is train emotions. But there are lots of things to develop before one can work on his emotions.

[Kerazan]

When you trade on a real account, then you are afraid of losing your money. You will seek to close the order at the slightest jump in price. If you lose money, you will want to open a deal at a higher price to cover losses.
Trading on a live account is difficult due to mental factors.

[Pixie Pips]

Both accounts are having their own pros and cons. But we should learn with demo account because trading real account directly is not safe for your investment as you have no idea of the market.

[mlawson71]

I agree. Demo has its place, I don't think that newbies should start trading on a live account right away.

[Pixie Pips]

Demo account will only help you with the basic of forex market trading but actual market decision has to be taken very carefully and strategically sound so that you don't face much loss.

[mlawson71]

For how long do you think one should use a demo account?

[Pixie Pips]

A trader who trades on a real account will likely try to close the trade in profit or at breakeven. There are many traders who manage to make a profit while demo trading, but start losing money once they switch to a live account. No Real Consequences – Demo accounts provide a risk-free trading environment.

[Sam Patrick]

There are two types of account. Real and Demo. Those who are new in this market should start with a demo account. Because It has no risks at all. It is the best platform to learn Forex properly. After learning Forex properly you can mover to the real account by investing your own money.

I also opened a demo account when I was starting my trading career. I opened that account under the broker Forex4you. They are the best platform to learn Forex properly. After learning Forex properly I invest my own money in the real account. I am still trading with them. They always help me to make money from this risky market.

[mlawson71]

Personally, I think that before one chooses a broker for a live account they should do some research to make sure they are properly regulated and have a good reputation in order to avoid the numerous scammers in the industry.

[pradegxs]

Demo account and real accounts has it's differences. But one must first use demo account to learn things out before going to real account. I spent three months on demo before I started to trade on live with Hotforex