Demo account; Is it enough for learning?

RichardTrade

Trader
Mar 15, 2016
18
0
7
41
Thanks for your reply. Do you think high leverage is excellent to learn from?Others suggest that a beginner should use 1 to 1 leverage until they have things worked out.I think if you use 1:1 you need a lot of money to get started.I would appreciate if you can help me with that.
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,040
817
144
Odessa
www.earnforex.com
I would learn to trade with 1:100 if you are allowed to use such leverage by your country's regulations. It is a good level - you won't need too much capital too start, it is easy to do margin calculations with, it is widely available from the brokers, and it is not too high.
 

f4forex

Active Trader
Oct 8, 2015
231
2
29
39
I would like to suggest new traders keeping the leverage low in start as they might not aware of the market so using higher leverage means higher damages.
 

sevenone

Trader
Nov 5, 2020
13
0
7
53
Salatiga
superforex-id.com
By trading in demo account provided, I know well about how the platform work. And also by that I can express and practicing my understanding about forex indicator and strategy as the preparation to enter real account.
 

vicjon1995

Active Trader
Sep 29, 2020
219
30
29
26
It is true that you cannot experience the same trading conditions in a demo account, yet it is important to understand the importance of a demo account. It is a very valuable learning tool.
 

hk_09

Banned
Oct 30, 2020
90
12
19
38
Demo can help you in understanding the play of the market, practical side of trading and aids you in testing your strategies. But demo alone, I do not think is enough, one should club it with thorough learning, research as well. Apply what you learn in demo trading, that is how one can grow faster.
 
Aug 5, 2021
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9
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Demo accounts are useful for practicing and I don’t think they should be skipped over. It’s true that they can’t prepare you for the psychological aspect of trading but it’s still a good way for beginners to jump in and gain more knowledge. Also helps to avoid losses in the beginning in my opinion.
 
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Jungletrader

Banned
Sep 5, 2019
78
7
19
43
As others have said its s great way to get to grips with a new strategy and a new broker also.
You can fine tune entries exits etc
Also thd data feed may not be as accurate but it's quite close
 

JenniferPoppe

Newbie
Oct 17, 2021
9
0
1
30
Yeah, I think it's enough. Because, I see lots of people are suggesting to use a demo account for the first time trading.
Post automatically merged:

Demo accounts are useful for practicing and I don’t think they should be skipped over. It’s true that they can’t prepare you for the psychological aspect of trading but it’s still a good way for beginners to jump in and gain more knowledge. Also helps to avoid losses in the beginning in my opinion.
I appreciate your reply here. Can you please help me to create a new demo account. I see you have lots of experience in trading.
 

no_frame

Banned
Aug 21, 2021
44
1
9
30
I'd say learn to trade, practice and test different strategies using a demo account. Start trading on live account with little capital and learn to control your emotions and be as objective as possible while trading on the live account. Things like controlling and managing your risk and emotions can only be learnt on live account.