Discussion in 'General Forex Discussion' started by new digital, May 22, 2019.
They increase spreads on live accounts , hit slippage on live accounts
For sure, all that bravado about demo accounts is totall bullshit I would say and nothing more. Get into it, just to see some basics where to click where, don't expect same behaveiour on real live accounts money otherwise you will be totally depressed and so on.
You get a load of pretenders claiming they are making money on live accounts.
But why they are doing it ? It's totally bad practice which will lead them nowhere I assume ? Correct ? So something should be done about that for sure. Like moderator activity cause what people intention of doing such things will lead us ? I think it's not good.
To promote forex for forex bucket shops , to steal from traders.
I fully agree that this is extremely bad brokers behaviour. But certainly not all brokers are the same. This is why every trader should choose wisely a broker, and previously check him as much as possible. This sorts of demo accounts are excellent example of how to check platform and broker
But isn't that all big scams going on anyway ? Does it really matters for everyone who want just some fair trading in all that topics ? Please do tell me about that, I simply do not get anything which can be correct here. Thanks in advance for that matter.
We should give emphasize on how we can acquire knowledge with the help of various learning tools including demo trading account. However during practice session with demo trading account a trader has no certain fear of losing his capital as he is trading artificial money at the end of the day. But when it is the matter of real currency trading uncertainty, competitiveness and many things can make a trader more disturbing here.
Demo trading is simply to know how the trading component functions. Step by step instructions to open and close a trade. The most effective method to utilize MT4 for trading. Be that as it may, the genuine learning starts when you begin to trade with genuine cash. Trading with genuine cash includes feelings that reason a large portion of the mix-up. You can likewise utilize demo to test your trading methodology.
Trading on a demo is not very different from trading on a live account. Unless you are going to scalping. All these spread and slippage extensions are not so critical for traders when it comes to 50-100 pips horizons. Initially build your system so that several slippage points do not have significant changes.
There`s only one answer to this problem.. Just use reliable brokers. Nothing personal but... FBS? What the ?
Yup people today want to make quick money without putting any efforts on the research part. That’s where they lack.
Exactly. But they`ve learn this in hard way later.
Yes. But wish it wasn`t.
Interesting to see
Exactly. Trading on both these account is different, as you feel a different set of emotions when you trade on a real account. Demo account is for practicing and testing your strategies, but trading on areal acc is different as you have your real money invested there and every move a trader makes is crucial for a trader. Hence, is someone is doing good on a demo account does not guarantee the same performance on a demo acc.
No way to ignore; but traders need to use the demo sincerely, if they want to make success in the live trading; otherwise the demo trading will be meaningless!
Demo should only be used as a reference to learn the basics of the platform. Live account and demo account will never fetch you same results.
True; this is why traders need to practice in cent type live account after the demo; because emotion is a new chapter for live trading!
Separate names with a comma.