Can we use tools on demo account?

May 16, 2020
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Many people ask this questions often if they can actually learn to trade the forex market with demo account and want to use technical analysis
 

Enivid

Administrator
Staff member
Nov 30, 2008
18,535
1,355
144
Odesa
www.earnforex.com
Yes, you can use almost any tools, including technical analysis, on a demo account. That's a great way to learn, and even experienced traders use demo accounts to test new tools, scripts, and trading methods.
 

galaxy

Banned
May 25, 2020
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Of course, that is what is an essential of using a demo account. It is intended that way so that you can familiarize with the tools and strategy that you can input in demo trading.
 

Uaredaty

Active Trader
Jan 19, 2019
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It is advisable to use tools on demo account. In this way you are learning how to combine all parts of analysis in order to gain proper entry or exit signal. Use it to test different combinations of indicators, see how it works
 

Onanak

Trader
Feb 5, 2019
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If your broker is serious one, than he will provide you with demo account which is a copy of real account. Everything should be the same on demo including technical analysis tools.
 

hk_09

Banned
Oct 30, 2020
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Yes, tools can be used on a demo account as well, why not. It is just without the use of real funds, else the platform and the tools stay intact.
 

Jerry_Ken

Trader
Dec 11, 2020
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Yes ofcorse you can. In fact its great to use toold on a demo account as it gives yu an insight into how you'll use them on a real account.
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
301
46
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Since the point of demo is not only to learn trading but also to try the services of a specific broker, tools offered by the given broker are usable on a demo account, too.