Can demo accounts give us all we need?

Discussion in 'Newbie Questions' started by Peter Brandley, Sep 13, 2012.

  1. Sabbir

    Sabbir Trader

    2
    0
    17
    Demo account help us to know how exactly should we do trade in Forex, but not all needs fulfilled by a demo account. Demo account is always helpful for a new trader who wants to trade in forex. Here we get know when and how to use our strategy, also money management. Though a demo account does not fulfill all the needs then also it fulfill most of Forex.
     
  2. Kungfupanda

    Kungfupanda Banned

    160
    0
    12
    Since demo accounts are different with live accounts so you can't get everything with demo account. I meant even you're master with demo account, not meaning you're good at live trading.

    Execution time and also spreads in demo are more limited than live account. So after get enough experiencing with demo account, go next step with live trading by some types of live account as micro, mini account.
     
  3. advisor

    advisor Trader

    14
    0
    22
    Trade handly !!! ))
    I doing EAs for people who realy need that - and teach how to trade with it on semiautomate mode. I do not have to change your thoughts :confused:

    New Multipair Version (intraday trading)
    http://www.youtube.com/watch?v=naupaX-j_Dk&feature=youtu.be


    PS / Hallo from Russia
     

    Attached Files:

    Last edited: Dec 12, 2012
  4. capsmart

    capsmart Active Trader

    38
    0
    27
    Demo account is good to learn how to trade. If you can make constantly money on a demo you could consider moving to a real account, otherwise there is no point. With one important exception. Scalping. If you make money on a demo account scalping the market (2-3 pips) you risk to lose money on a real account if your broker requotes you. For scalping it is better to demo and real trade on a real ECN broker.
     
  5. Fxpipper

    Fxpipper Master Trader

    1,132
    1
    49
    Hi 2 U 2!

    Sure, that's good and it's really great that your EA is working..hope it does for others as well. Here's the nub, while some EA's "may" work in real time, they are a small proportion of all the EA's out there in the market.
    My point being, what makes your EA special and how can we take your word for it..just sayin'.
    FYI, you can give it a shot [trying to change my mind] and willing to listen,
    cheers
     
  6. ziegler

    ziegler Trader

    15
    0
    17
    Agree, how can you practice without demo? On real money? This way you will lose all your money, before get any experience.
     
  7. TheLastBear

    TheLastBear Banned

    192
    0
    0
    Well, those noobs who think like that will get what they deserve. We can talk about it all we want, those who insist on risking money they can't afford to lose are simply not smart enough.
     
  8. Fxpipper

    Fxpipper Master Trader

    1,132
    1
    49
    True dat' - just got another email offering me a onetime deal for an EA that is going to net me $$$$$
    So guess that means I am on some scamsters mailing list - whoope!
     
  9. advisor

    advisor Trader

    14
    0
    22
    http://www.myfxbook.com/members/EAguru
    there is 2 monitors (Second - renamed Fly)


    Now i test only 1 pair GBPUSD
    from NY i wonna add moree pairs at 1 account

    I like martinGailes strategies - but i do not use pure martim because it is very danger.
    My EA with MartinGaile+OverLap+Piramid (we use Locking - it is more safe than pure Martin)
    Look at Zero Level Line it is near current price and orders Locked:
     

    Attached Files:

    Last edited: Dec 19, 2012
  10. TheLastBear

    TheLastBear Banned

    192
    0
    0
    Lol, yes sounds like you landed yourself a spot on their list. Hey, at least you know better then to throw some of your cash their way :D
     
  11. Fxpipper

    Fxpipper Master Trader

    1,132
    1
    49
    Believe me, google can do a better job and FYI, the labels and filter in gmail are not worth all the hype with which they got released.
    Yeah, when it comes to brokers and EA developers, you got to give them credit - 5 points for persistence..one weird world and 'though it takes all kinds, these guys are the sort that makes you want to take that baseball bat and hit one out of the park for the whole season..
     
  12. myfxpt

    myfxpt Master Trader

    395
    50
    74
    Agree totally! :cool:
     
  13. okon2much

    okon2much Banned

    59
    0
    17
    A demo account is just there to help you understand how the system work. There you trade with virtual money, therefore, you heart is not completely absorbed in it. Try trade with a demo account for one month and switch over to a live account, and then come back here and tell us the difference.
     
  14. Fxpipper

    Fxpipper Master Trader

    1,132
    1
    49
    The demo account is a must for most newbies, as it allows them to develop strategies. But yes, a real account will give you the incentive to be more proactive..
     
  15. ezrydn

    ezrydn Active Trader

    513
    7
    32
    Demo accts are where you practice what you think you know. When that knowledge is verified, then, and ONLY THEN, do you even begin to consider a live account.
     
  16. michael77

    michael77 Trader

    89
    0
    17
    No, it is not possible. The real fact is demo trade actually essential for every newbie to learn the basic regarding how Forex trade works. Keep in mind that there is a real difference between demo trade and real trade, but if you are sincere and learn demo trading well then there is a possibility that you would do well in real trade. Lastly i can say that Forex is all about learning. After learning demo trade, the more you would learn the more you would prepared yourself in this market.
     
  17. Fxpipper

    Fxpipper Master Trader

    1,132
    1
    49
    It all comes down to how well the newbie applies what he learnt and apply the same to the account..
     
  18. ezrydn

    ezrydn Active Trader

    513
    7
    32
    Most assuredly!!!

    Absolutely NOT!!!
     
  19. Master Forex IB

    Master Forex IB Active Trader

    174
    1
    27
    Yes demo provide us most of the features of real trading we try without using our amount. Here just we are fail to control our emotions , other trading aspects are very useful . We can do as much practice to make ourself a good trader. Indicators, spread lot and leverage are easily understandable here , we can do different experiments with fake money.
     
  20. rwtc

    rwtc Trader

    25
    0
    17
    I think demo and real accounts need to be traded together. On demo you can practice and try new strategies while on real account you can use the already chosen strategies and learn market psychology.
     

Share This Page