To promote forex for forex bucket shops , to steal from traders.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.
Yup people today want to make quick money without putting any efforts on the research part. That’s where they lack.It is said that 99% of traders lose in trading and the main reason behind this is lack of knowledge and overconfidence as traders think if they are doing good in demo accounts this will happen same in live trading as well but in most cases the picture is different.
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.It is said that 99% of traders lose in trading and the main reason behind this is lack of knowledge and overconfidence as traders think if they are doing good in demo accounts this will happen same in live trading as well but in most cases the picture is different.
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!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.
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!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.