Is demo a step before real trading? | Page 18 | Crypto Craft

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Is demo a step before real trading?

  • #341
  • Feb 18, 2019 3:46am Feb 18, 2019 3:46am
I think its important to consistently get good returns on a demo account first
  • #342
  • Feb 19, 2019 9:12am Feb 19, 2019 9:12am
Quoting georgequayle
I think its important to consistently get good returns on a demo account first
Basically, new traders need to judge their trading skill based on enough number of trades! Besides, they should take the demo as serious as possible.
  • #343
  • Feb 24, 2019 10:38pm Feb 24, 2019 10:38pm
as a newcomer i was much profitable in demo account with my trading strategy ,
but when kick off a live account the same strategy didn't work as like before
  • #344
  • Mar 1, 2019 7:21am Mar 1, 2019 7:21am
Demos are a step towards real trading. You use virtual money and dont feel risk, which really encourages one to trade more. That is why new traders are encouraged to try demo accounts first before going live. It helps you understand the market and the basic principles for succes in Forex
  • #345
  • Mar 1, 2019 10:03am Mar 1, 2019 10:03am
Demo accounts comes up with virtual funds which means that if you make profit you can not withdraw them and same in the case if you looses money, however the only thing which you get is pure experience.
  • #346
  • Mar 1, 2019 10:15am Mar 1, 2019 10:15am
How is demo different from a real one?
  • #347
  • Mar 1, 2019 11:08am Mar 1, 2019 11:08am
I really appreciate demo trading for all kinds of traders especially for the newcomers. My trading career I always use high leverage in demo as well all my trading strategies to see the reaction how works leverage and my strategies
''If you trading cant be AUTOMATED it does not follow LOGIC''
  • #348
  • Mar 1, 2019 12:15pm Mar 1, 2019 12:15pm
Do you think you're getting realistic results if you're using such leverage? That is, if it is different from the leverage you use on a live account.
  • #349
  • Mar 8, 2019 2:43am Mar 8, 2019 2:43am
Quoting GQForex
I really appreciate demo trading for all kinds of traders especially for the newcomers. My trading career I always use high leverage in demo as well all my trading strategies to see the reaction how works leverage and my strategies
may be same message i have seen anywhere , by the way which leverage ratio is more appropriate for trading it depends on your trading knowledge and experience as like risk and money management capacity. any financial tool like leverage cant bring profit , only your trading knowledge can ensure profit.
  • #350
  • Mar 10, 2019 7:24am Mar 10, 2019 7:24am
Quoting mlawson71
Do you think you're getting realistic results if you're using such leverage? That is, if it is different from the leverage you use on a live account.
High leverage and high funds in demo account which means you have chances to make way to survive however in live account you cannot do such a mistake because of limited margin/equity.
  • #351
  • Mar 10, 2019 10:40am Mar 10, 2019 10:40am
Unless you trade in the exact same way on a demo account as you would on a live account there is no point in this exercise.
  • #352
  • Mar 10, 2019 1:47pm Mar 10, 2019 1:47pm
Yes, stay in demo until you can win in demo
  • #353
  • Mar 10, 2019 4:22pm Mar 10, 2019 4:22pm
Quoting HiddenGap
Obviously, there are two sides to this issue. I am going to take one side of the "no demo" argument. One of the few advantages to spot forex is the fact that one can open an account with some brokers with a little as $25.00. Now let's assume you are like a lot of people and spend $5.00 a week day on a Latte from Starbucks. 5 x 5 = 25. So that’s $25.00 a week. There are roughly 4 weeks in a month. This gives us 4 x $25.00 = $100.00 So if you forgo a months worth of visits to the coffee shop, you can trade live with an amount of money that wont hurt...
Demo has a very short life span in my experience to ascertain the basic mechanics of trading.

It was not till I opened a small live account as suggested above that I truly developed my trading, not in terms of strategy but the mindset that is needed to manage real money.
  • #354
  • Mar 11, 2019 2:23am Mar 11, 2019 2:23am
yes, demo is a very important step before real trading, demo helps you test your strategies, monitor market reaction to news without actually loosing your money. but do not take demo profits for being ready for the real market.
  • #355
  • Mar 11, 2019 11:29am Mar 11, 2019 11:29am
Quoting minnieme
yes, demo is a very important step before real trading, demo helps you test your strategies, monitor market reaction to news without actually loosing your money. but do not take demo profits for being ready for the real market.
True, a lot of people who are successful on demo find themselves losing money on a live account.
  • #356
  • Apr 11, 2019 5:01am Apr 11, 2019 5:01am
common issue in Forex trading , actually there is no major different between demo and live trading , but lots of difference in result between two. in order to me, the main issue is psychology which always affect when trading with real money.
  • #357
  • Apr 13, 2019 9:04am Apr 13, 2019 9:04am
This is precisely it, the difference is in the traders head!!
  • #358
  • Apr 14, 2019 4:42am Apr 14, 2019 4:42am
Is there anyone who really learned anything while trading demo?
  • #359
  • Apr 16, 2019 3:06am Apr 16, 2019 3:06am
Definitely starting with DEMO is necessary.
Necessary to get familiar with the platform, risks, settings, strategy.
You want to test the strategy on DEMO first and check the results.
I would also add that after DEMO you should go LIVE with a small amount, test the strategy again, check how you react emotionally, check if the broker is acting ok.
Just my two cents.

Nice results by the way
  • #360
  • Apr 20, 2019 8:25am Apr 20, 2019 8:25am
As long you get no „feeling“ while trading demo (like being scary or lucky) you definitely should not trade live. I trade demo to calibrate my reactions on market behaviours. But the main reason is to develop my own system that then is going to be tested live, because of the „real“ conditions... and when you not learn in school how will you be successful live?
Open where needed. Close where feeded.
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