DislikedDemo is just a tool to practice before trading and live account is where the real trading happens. I've been trading with Demo tool for a few months now and I'm still not confident enough to trade on live.Ignored
Alpari demo account, is it in real real time? 26 replies
difference in real prices on Demo and real micro account 10 replies
How to open demo account with Alpari-demo? 3 replies
Any MIG users? Different candle close times between MIG demo and MT4 demo? 9 replies
IBFX changed their demo policy, where can I get an unlimited demo? 9 replies
DislikedDemo is just a tool to practice before trading and live account is where the real trading happens. I've been trading with Demo tool for a few months now and I'm still not confident enough to trade on live.Ignored
Disliked{quote} While I do promote using a micro account but certainly not as a substitute for a demo rather using it as the first real account. Demo is not a step anyone can afford to miss out on else they're in for a certain loss.Ignored
DislikedEmotion doesn't usually work in demo trading. When you trade with virtual money you have no doubts in your mind. And when you trade with real money, you may think that if it is real money, there will be a lot of problems. Remembering such thoughts means that your emotions are not working in the demo but the emotions are working in the real account. You need to increase your account balance consistently. If you do not follow the discipline, you may make a profit for 1 month, but at the end of the day, the loss you make will exceed the profit.Ignored
Disliked{quote} Learning to deal with emotions is not the primary purpose of demo trading rather it is to familiarise a trader with the practical aspect of trading. Demo is like a practice session for a sport and live account is participating in a tournament. Is the practice session the same as the tournament? No. Do you still need it to win the tournament? Yes.Ignored
Disliked{quote} Trader cannot learn about emotion in demo account. Only real trader feel emotion in trading.Ignored
DislikedUse a demo account when the strategy is not perfect, the demo account can achieve profit, and then use the real account to train the mentalityIgnored
DislikedA demo account has its own importance. Sure, we can’t earn or lose money while demo trading which doesn’t let traders learn aspects like money management or risk management. Demo accounts also do not take into account the emotions. However, it is still necessary for every trader to practice on a demo account before going live so that they can hone their trading skills and avoid some most obvious trading mistakes through practice.Ignored