Can i really learn forex with DEMO

e_abrams

Trader
Dec 11, 2020
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I think one can learn quite a lot on a demo account - certainly enough to create a solid of base of knowledge on which to build further.
 

e_abrams

Trader
Dec 11, 2020
283
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It is helpful to test one's own manual strategy as well. "When in doubt, use the demo account" has always been one of the principles based on which I trade.
 

sunar14

Trader
Jan 17, 2021
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Yeah it's possible to achieve excellent results on demo, however when you want to repeat this success on live you will likely fail because trading conditions on real account often wipes out exchange. It concerns the most trading systems based on speed and which rely on very low spreads.
 

Credcy

Newbie
Jun 4, 2021
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Exactly and it works because I am very confident about my approach and strategies. I wouldn't be going live even with the micro account had I not done a thorough market research, which is what I suggest to people, that there is no hurry to go live. First get all the knowledge, do their due diligence and then get started with a micro account.
So true! The first step is to have sufficient market and forex knowledge, only then you can place the trades appropriately.
 

e_abrams

Trader
Dec 11, 2020
283
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I have been using a live account for a while now, but I did trade on a demo for quite a while before that. I think it definitely helped me.
 

miltonparks

Banned
Jul 21, 2021
4
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Demo accounts work great when you have to practically test what you have read and learned about while studying the forex market. As no real money is involved, it helps build confidence and prepares for live market conditions.
 

Dutchy86

Trader
Sep 27, 2020
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Yeah you’ll definitely learn although don’t take everything as gospel as with real money you’ll get slightly different entries and results