Demo Account or Live Account? Any Comments?

Discussion in 'General Forex Discussion' started by okamiraito, Nov 28, 2012.

  1. nikita sharma

    nikita sharma Trader

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    demo accounts are worth trying before getting into real one. you can compare the brokers by opening accounts with different brokers and you can then choose with whom you should ope your real account.
     
  2. Hafizmd

    Hafizmd Active Trader

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    It's a good way to try working with different brokers but demo won't guarantee success anyway. You will never know if a company is market maker with demo trading, it's a pitty
     
  3. Mohdfx

    Mohdfx Active Trader

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    Anyway, people have different goals... maybe some want to gamble :) and some want to earn money
     
  4. wisetrada

    wisetrada Trader

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    There is no big difference between the demo account and the live account. Just that the demo account is more suited for practice and you can there perfect your trading system on the demo account with play money.
     
  5. Twin butterfly

    Twin butterfly Active Trader

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    Demo has its own importance in trading life but taking it as seriously work is needed. Most newbie do not work as seriously as they are going to work on live. So that is one negative point.
     
  6. Martin Gaptil

    Martin Gaptil Trader

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    As a novice trader, you should focus on only demo, if you don’t want to lose your money! Forex trading business is so popular, because of availability of demo trading service! So, use this opportunity! In addition, start your live trading when you are very sure about your own trading skill in your demo! Don’t count your demo trading sessions, focus on your learning process only, best of luck!
     
  7. Mohdfx

    Mohdfx Active Trader

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    I traded for 3 and a half months on demo but still lost sometimes after I shifted to live. But I can't say how long should one sit on demo
    maybe I should take more time, but it's late to think about it now
     
  8. FoxyFoxy

    FoxyFoxy Newbie

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    I think using demo and a live account is an iterative process. I started on demo then went live but had losses, so I went back to demo. This repeated a few times but have been on live account for a while now
     
  9. darren greg

    darren greg Newbie

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    demo trading allows you to sharpen your trading skills, test your strategies and learns from the virtual losses. It is an important tool but it lacks the emotional quotient which comes with the real money. This is where live account marks its importance.
     
  10. Hafizmd

    Hafizmd Active Trader

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    mmm ... I cant agree that demo involves any emotions. it's virtual money... no worries :)
    I had some problems with switching to a live acc as emotions were quite strong comparing to demo
     
  11. Karlovich

    Karlovich Trader

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    I think demo accounts helps new nubes :) Real accounts with real money gives real emotions same like sport betting))))
     
  12. Xavefif

    Xavefif Master Trader

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    I don't even understand the idea of the question... a demo account is for getting acquanted with the terminal if you're a newbie or for trying out the trading strategy. A real account is for real trading.
     
  13. Winjak

    Winjak Active Trader

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    The question may seem ambiguous really , but I personally use demo while live trading to test new strategies, it always needed
     
  14. Mohdfx

    Mohdfx Active Trader

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    it is true
    I didn't close demo after I switched to live and I'm not going to do it in the nearest future
     
  15. Karlovich

    Karlovich Trader

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    I didn't even have an idea that one can test new strategies on demo.
     
  16. Banni

    Banni Trader

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    Demo accounts will be useful for newbies, also it's best to start with a cent account, you can see many brokers have them now. After you get better at it and more sure of yourself, you can switch to a real with more solid sums.
     
  17. Ziker

    Ziker Active Trader

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    I don't see how to open a real account without a demo. You should first learn how to trade on demo and then begin on a real account.
     
  18. Eric Owen

    Eric Owen Newbie

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    As for me, demo accounts are necessary for beginners. And for experienced traders only real account.
     
  19. Hafizmd

    Hafizmd Active Trader

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    Wow. How long are you in Forex?
    In fact, why not to do it. Testing without losing money - perfect :)
     
  20. Karlovich

    Karlovich Trader

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    Three monthes I have been learning how to trade but than i found RAMM-accounts and it seems more interesting for me.
     

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