Discussion in 'General Forex Discussion' started by Rambo35, Oct 6, 2014.
You`re not agree?
Broker can quote a spread , but does not give a fill , and requotes but does not give a fill, so it don't matter.
Some broker shows lower spreads , but only fills at slippage on buy market orders , so spread talk is useless.
In a demo account traders get fills all the time , in a live account spread will usually be greater than on market watch.
They will be using the virtual dealer plug in to steal bigger spreads , so traders wont make money.
If you are a trader and your looking to achieve a solid trading strategy and Invest, Demo's are generally never the answer. Demo accounts are made as testing. Meaning, If you like a specific broker and want to test their platform, spread, latency then go ahead. But never rely on the Demo specifically if the broker has more than one regulation or no Cyprus regulations only.
They are no good for testing their spread, it is a false statement.
In fact it is not. I do not know what broker you work/trade with, but FCA regulated brokers must supply the spread through demo accounts as well. But I did say "Demo's are generally never the answer"
And how many of you can show good results on a demo online? Give the investor password, trade a week, we will see if the demo is really that easy. It seems to me that the result will not be outstanding. But I could be wrong.
Most people on forums are working for brokers, to show positive fake results, they hide 9 losing accounts out of 10 , they show the one winning account.
Ann, It is not Easy but if you have the right resources it could be a piece of pie! At one point I was an analyst giving over 200 traders signals. I started with a demo account of 10,000 and 50 days later that account is currently 23,890.34.. But the point that is mentioned to all traders is that on a demo account if you loose you wouldn't care, But on a live account the client has emotions involved because he is loosing his real money!
I agree with what your saying!
As I mentioned, Traders on demo accounts can open and close anytime and don't care if they loose or win. But traders on Live accounts have emotions because it is their real money and sometimes that can be an issue.
That`s always an issue and that`s the main problem for many traders. Everyone must deal with demo as same as real account. If he make a emotional difference between them will fail. After all even experienced traders are using demos for testing new strategies.
I agree that some brokers are using forums to show some great trading results in order to attract more customers. I dont support this kind of marketing. But, there are other people who really make huge progress through perfecting their trading strategy. So, the truth is somewhere in the gray zone
I assure you, I am quite an experienced trader, and do not allow emotions to stop me from trading. I trade on a live account just like on a demo. Except that on the demo absolute liquidity. But I do not know how it can be used. So, I personally find it difficult to show a good result on a demo, as difficult as on a live account.
That is why I asked for the investor password. The trader reports the account number, before the start of trading and the investor password. Then he trades, and I watch. He will not be able to drop this account and open another one.
First, you should know that demo trading is not just for the trader to familiarize with trading, but its also a marketing strategy for luring new traders into signing up for live accounts. Your real money is not involved, so you definitely wont feel the risk either
Demo trading account is basically being used by the traders for learning purposes. But it is also true that demo practice can facilitate a trader all the good opportunity to make him prepared for the competitive forex market. However, after completing practice session with demo when a trader starts working with his live account he can feel the real life pressure and market uncertainties as real trading involves with hazard of losing investment.
Often because of lack of real money commitment the results achieved from trading in a demo account might differ from actual live trading performance.Even if a person performs better in a demo account their results in a live account will differ for sure.Generally, it happens because money is not involved and you can trade like a million while in live trading people gets anxious and tend to take non calculated risk as they get swayed away by their emotions.
Even, I see many new traders use 50K demo account but when they come to live; they invest only 100$! But interesting point is; they expect same profit as like 50K demo! That’s the reality.
Hey friend , this is absolutely normal.
The reason is when you trade on a demo account your real funds are not invested and you don’t worry about losing as such . Also when you trade on a demo account you are hardly affected by emotions. You don’t feel any pressure . The best decisions are made when your mind is calm . The scenario is pretty different when you trade on a a real account. You are constantly affected by the highs and lows in prices as your real money is at stake . So, my quick tip for you is start trading on both the accounts to monitor what goes wrong when you trade on a real account.
Because forex brokers make it artifically better in order to make it sound really really good no matter how you put it. Also you are not in worry about anything like loosing tens of thousands of dollars, correct ? So I hope that you are doing fine anyway
Because problems like emotional commitments and irrelevant trading plans have no direct consequences on demo performance. Demo trading is done according to one’s will, with the market trends not influencing the real money of the investor in any way.
Separate names with a comma.