Demo account

[Ara]

As an expert, do you use a demo account? Why?

 

[thomas_novak]

Demo accounts are like the training wheels of trading. They give you a chance to practice and experiment without risking real money. Whether you're a newbie or a seasoned trader, using a demo account is a smart move to test strategies and build confidence.

 

[Enivid]

Yes, I use demo accounts almost daily. I use them to test new trading ideas and various trading software (indicators, EAs, scripts).

 

[Ara]

Good idea. Yes, we can use demo accounts for testing.

 

[thomas_novak]

Yes, I use demo accounts almost daily. I use them to test new trading ideas and various trading software (indicators, EAs, scripts).

Can you clarify generally what scripts are? And why do you use them? I mean I know they are in a sense like the EA but what is the difference?

 

[Enivid]

Can you clarify generally what scripts are? And why do you use them? I mean I know they are in a sense like the EA but what is the difference?

Scripts are like single-run EAs. For example you could run a script to close all trades. It runs just once, does it job, and that's it.

 

[maya95]

Hello everyone! Although I am not a professional trader, I still use demos.
I test most of my tactics using demos.

As an expert, do you use a demo account? Why?

 

[Ara]

Hello everyone! Although I am not a professional trader, I still use demos.
I test most of my tactics using demos.

I think its best usage is testing strategies.

 

[Chadpowell]

I don't know if I am an expert or nuh but I still use demo accounts to test my new strategies and also to trade some of exotics to see how will they change!
So I think you always need a demo account!

 

[CallahanSinclair]

As an expert, do you use a demo account? Why?

A demo account is a tool for traders to gain experience, test strategies, learn about the market, and develop confidence. It can be a crucial step before engaging in live trading with real funds.

 

[J Smith]

As an expert, do you use a demo account? Why?

I think a trader should cling to demo trading as long as he stays with the market because demo is helpful for strategy testing and retaining trading knowledge for a long time.

 

[RicardoFx11]

The demo account is a great tool for beginners to learn and understand the broker's platforms. Even experienced traders use them to test their trading strategy.

Some brokers, such as [REDACTED], provide educational materials such as e-books, webinars, and video tutorials.

 

[Amadeus.V]

Demo accounts are like the training wheels of trading. They give you a chance to practice and experiment without risking real money. Whether you're a newbie or a seasoned trader, using a demo account is a smart move to test strategies and build confidence.

But there is a thing, when i trade demo account, i always have a + portfolio but in real account trading, its a whollee different story.

 

[CallahanSinclair]

But there is a thing, when i trade demo account, i always have a + portfolio but in real account trading, its a whollee different story.

It's not uncommon for traders to experience differences in performance between demo (practice) trading accounts and real trading accounts.

 

[OscarR]

of course I do. I try to back test all my plans on demo first.

 

[jelousgal]

Yes, expert traders often use demo accounts to practice and test their trading strategies in a risk-free environment before implementing them with real money.

 

[fargana]

As an expert, do you use a demo account? Why?

It's great for testing out new trading ideas as well as running simulations to see how your algos perform on historical prices.

 

[NatureGirl]

As an expert, do you use a demo account? Why?

demo accounts are the must have thing
just test everythin on them
strategy EA etc

 

[jelousgal]

demo accounts are the must have thing
just test everythin on them
strategy EA etc

Absolutely! Demo accounts are an essential tool for forex traders. They provide a risk-free environment where traders can practice and test various strategies, expert advisors (EAs), indicators, and other trading tools. Demo accounts simulate real market conditions

 

[NatureGirl]

Demo accounts simulate real market conditions

disagree! never U can completely rely on demo account results theyre a whole other world