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Is demo a step before real trading?

  • #321
  • Dec 12, 2018 7:34am Dec 12, 2018 7:34am
Quoting mlawson71
While that's true there's also the issue that staying too long on demo gives a person a false sense of security. Dealing with the pressure of trading with real money can only be learned on a live account.

I traded on demo for 6 months before going live and even then used the demo to test my strategy.
The pressure was the most difficult to cope with and get use to!
My advice is, start with 1c and a very good broker!
  • #322
  • Dec 12, 2018 8:46am Dec 12, 2018 8:46am
Quoting LouiseZA
{quote} I traded on demo for 6 months before going live and even then used the demo to test my strategy. The pressure was the most difficult to cope with and get use to! My advice is, start with 1c and a very good broker!
I don't think six months too long on a demo account - when I said that I was referring to people who spend several years on one.
But I completely agree with you too.
  • #323
  • Dec 14, 2018 6:23am Dec 14, 2018 6:23am
there is no long or short time in demo session , its all about seriousness. be serous in here.
  • #324
  • Dec 14, 2018 8:31am Dec 14, 2018 8:31am
You don't think that staying on a demo account only for several years is perhaps a little too long? To each their own, I guess, but I do think that such a lengthly stint on the demo account can cause more problems than it can solve.
  • #325
  • Dec 14, 2018 8:35am Dec 14, 2018 8:35am
for ranyone new to forex i say demo is a must, unless u know whwat u are doing. evern 1 year experienced traders might need to demo
  • #326
  • Dec 14, 2018 9:17pm Dec 14, 2018 9:17pm
any kind of traders beginners or experienced , all we need to be continued to demo , its a place to become a knowledgeable trader by practice , but most of the traders we have don't believe the importance of this trading place at all.
  • #327
  • Dec 14, 2018 9:58pm Dec 14, 2018 9:58pm
as a newcomers i always used high leverage in demo to see the performance how it works , it supported me much to avoid losses when trading in live.
  • #328
  • Dec 23, 2018 3:32am Dec 23, 2018 3:32am
Yes , good work, it’s a nice strategy for avoiding unfortunate risk and losses ,
besides leverage you can use your all trading strategies with regular practice.
  • #329
  • Jan 3, 2019 9:56am Jan 3, 2019 9:56am
Hello,I opened a demo account and I made transactions on it, tomorrow I will open another demo account because the old one has a validity of only 30 days. I will try again to see if at the end of the month I manage to stay on plus.These are my results.What do you say if I succeed next month about the same results worth opening a real account?
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  • #330
  • Jan 7, 2019 10:07am Jan 7, 2019 10:07am
I would say that you should wait and see your rate of success for at least a few more months before opening a live account.
Also, you could call your broker and ask them not to close your demo account for the time being.
  • #331
  • Jan 8, 2019 9:52am Jan 8, 2019 9:52am
For some it's half a year, for some it's less, for some it's more, but however long the period you need, you always need that period.
  • #332
  • Jan 14, 2019 1:24am Jan 14, 2019 1:24am
Demo is great for testing a new strategy, but it won't teach you one of the most vital aspects of trading: handling your emotions..

You can have the best strategy in the world, but falling victim to your emotions whilst trading can still wipe you out regardless.
  • #333
  • Jan 16, 2019 1:45am Jan 16, 2019 1:45am
Quoting Forexnuts
On the transition from demo to live account, yes a few traders do end up making a loss when they go live..usually this could be due to the fact they still have lots to learn and have not yet developed a strategy to trade with..
I think this type of traders are not ready for live. Just do demo as usual. Take demo as much as a seriously. Everything do fixed in demo.
  • #334
  • Jan 16, 2019 10:41am Jan 16, 2019 10:41am
There are some things one can only learn on a live account, I think a non-profitable period after you switch from demo to live is normal. How long that period is and how bad the losses are is another matter.
  • #335
  • Jan 22, 2019 5:24am Jan 22, 2019 5:24am
100% you'd be silly to jump straight in with real money without trailing you strategies first
  • #336
  • Jan 22, 2019 8:13am Jan 22, 2019 8:13am
Quoting Desertor
Hello,I opened a demo account and I made transactions on it, tomorrow I will open another demo account because the old one has a validity of only 30 days. I will try again to see if at the end of the month I manage to stay on plus.These are my results.What do you say if I succeed next month about the same results worth opening a real account? {image}
Looking into demo progress I would say you are doing ok. There is different between demo and live account and you will not see what I am walking about until you try for yourself.

Going to live account
If you have money you can invest and not regret if you lose that than you can open live account and start trading with same trading strategy as you have done on demo account.

Difference is that live account will give you more realistic feedback and you will see what is real result on Forex trading. If you start getting profitable trades you will feel greed and, maybe, you will start opening a trade without strategy and stop loss which at the end will be bad for you.

Have in mind that life experience on live account will not be possible to achieve on demo account and thus I cannot say that your demo strategy will give same result as live trading.
  • #337
  • Jan 24, 2019 12:41am Jan 24, 2019 12:41am
Quoting ABainbridge
my view with Demo is, it is a great place to start, learn and experiment on different strategies, or entry/exit etc, but nothing beats going live, even if using 0.01 lots the mindset will be different knowing it's your real money, and trading is all about mindset for me.
I agree completely with this.
  • #338
  • Jan 24, 2019 9:49am Jan 24, 2019 9:49am
Quoting ABainbridge
my view with Demo is, it is a great place to start, learn and experiment on different strategies, or entry/exit etc, but nothing beats going live, even if using 0.01 lots the mindset will be different knowing it's your real money, and trading is all about mindset for me.
I agree about that. Demo trading is necessary and every newbie should, in my opinion, spend time doing that, but sooner or later one should move onto a live account, even if they trade with a very small sum.
  • #339
  • Feb 6, 2019 3:38am Feb 6, 2019 3:38am
there is no way to ignore the importance of demo but we practically always ignore this trading place above all the beginners level , actually no real money there is and that's why no emotions not works when trading , its a real deal for that.
  • #340
  • Feb 7, 2019 4:05am Feb 7, 2019 4:05am
from my first day of trading i have been using demo account to see the performance how my strategy and leverage work , this approach always supports me to avoid unfortunate risk and losses.
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