Can I really learn forex with DEMO

[vicjon1995]

Demo account is the most essential tool for a beginner. One can definitely go live a you become perfect at a strategy, but it should be kept in mind that it takes a lot of time to come up with a perfect one.

 

[e_abrams]

One can learn the basics from demo. In fact, it's better to learn those from a demo account, not a live account - the demo account provides a safe, calm learning environment, the newbie is not distracted by anxiety and can focus entirely on learning the foundations of trading.

 

[e_abrams]

The caveat here is that the demo account needs to reflect those real trading conditions as closely as possible, and not all brokers are honest enough to provide such demo accounts.

 

[PizzaMan]

Yes, by using a demo account, you get exposure to how the live trades run in the forex market, and beginners can get familiar with the software.

I would agree that you get to know how software works, yet DEMO accounts don't really prepare you for trading on real account.

 

[sunar14]

You can learn how MT4 works, how to open, close, conduct backtesting of your trading system but unfortunately demo provides zero of trading knowledge. If you want to draw lines and try graphical analysis approach, imo better place is trading view.

 

[Petrick Liman]

I think demo doesn't really help you to learn TRADING itself...

 

[Resolve]

I think demo doesn't really help you to learn TRADING itself...

If you will make use of the Demo trading account just like a Real trading account then it can help you learn Forex trading.

 

[Dora_WalletInvestor]

If you will make use of the Demo trading account just like a Real trading account then it can help you learn Forex trading.

I agree, it can absolutely help. It gives you a good idea of whether a strategy works or not.

 

[LucaMertens]

Demo helps yes. It gives you a feeling for a real trading experience.

 

[DamianSimen]

The demo tool is meant to train beginners and help them understand market trades and movements.

But it is not only used by beginners, even experienced traders prefer trading in demo account at times to try new strategy and skills.

 

[forexking]

Demo account is a very crucial element of forex trading, it makes a trader well known to the market and platforms. Beginners must experience demo trading before jumping into the live trading.

 

[e_abrams]

Somewhat.One can certainly understand the basics of trading. But to fully comprehend it live account trading is necessary.

 

[Fritz Fabiano]

Demo trading helps a trader in learning new things and also useful for experience traders in the market to try out new methodologies.

 

[Todor]

In my case, demo trading has helped me a lot. Whatever mistakes i used to make on demo helped me to avoid in real account.

 

[SmartX]

According to me, demo trading is one of the beneficial way that helps in getting familiar of the trading environment and it has definitely helped me a lot.

 

[fxplayer]

Well the truth is, practicing on a demo account can help you acquire skills but only real account trading teaches you about psychology and money management.

 

[RaviTeja]

Yes, the demo tool is mostly used by beginners to learn about forex markets and to familiarize themselves with its trading platform.

 

[bikeracercumtrader]

Traders should use a demo account to get a feel of what trading the forex market is like, as well as to get used to the broker and the trading platform they are using, but only a real account can teach us how to control our emotions while placing trades.

 

[e_abrams]

Oh, for sure. But both have their very important uses that should not be overlooked.

 

[danielbro]

Yes, most certainly. What you can do with demo is to look and create a plan for your trading strategy where you can try to modify stop loss, managing ratios or leverage and dabbling to understand what you can do. That is how demo plays a role in improving your trading style
But get one thing cleared. This involve fake money so the important factor you are missing out in demo is money psychology.