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[Mar20]

The benefits of trading Forex on a demo account before going live are:

1. Risk-free learning: A demo account allows traders to experiment with new strategies and techniques without risking real money.
2. Testing platform features: A demo account provides the opportunity to try out a broker's trading platform and familiarize oneself with its features and tools.
3. Improving skills: A demo account provides a safe environment to refine skills such as executing trades, managing risk, and making quick decisions.
4. Building confidence: Trading successfully on a demo account can boost a trader's confidence and prepare them for real-money trading.
5. Assessing performance: A demo account can be used to track a trader's performance and progress over time, which can help identify strengths and weaknesses.

Overall, trading Forex on a demo account before going live is a great way to gain experience and improve trading skills, without risking any real money.

 

[a_jerobon]

This is so true. It is important to practice trading on a demo account first before going live. The demo trading will give you the chance to practice great trading skills and familiarize yourself with the trading platform.

 

[Franca01]

It was put in place for newbies mostly so that it will help them begin their journey as traders. Then they have to do trial and error with their hard earned money, they can just use the demo account.

Yeah, i think the wise newbies has been able to make good use of demo accounts. They are very benefitcial and every professional trader who is at top was onces used demo account before.

 

[Player1]

There is limitation on the stress that may be experienced by the traders. Most traders truly always use emotions while trading. However, with demo account, there is no need for the traders to be attaching emotions when it comes to using demo account.

The use of demo accounts is mainly to train the traders, though you have notting to lose in a demo account but with it you can train yourself on how to control your emotions and as well the right strategy to use for your trading. This is why demo account is very important for every traders to make use of.

 

[btaliat]

The use of demo accounts is mainly to train the traders, though you have notting to lose in a demo account but with it you can train yourself on how to control your emotions and as well the right strategy to use for your trading. This is why demo account is very important for every traders to make use of.

Emotional distress has really prevented more people from making much money from forex. They are always attach emotions to most trades that they embark on, hereby seeing forex as being difficult.

 

[Kennysplash]

When you take the time to engage in demo trading first before you start using real money. This will teach you everything you need to know before you start with your real money and will save you unnecessary looses.

 

[Player1]

When you take the time to engage in demo trading first before you start using real money. This will teach you everything you need to know before you start with your real money and will save you unnecessary looses.

Exactly, a demo account is more like a training ground where you are allowed to experiment and try everything you want to try and as well improve your trading skills and create a strategy that works for you. This is why running a demo account is important for every trader.

 

[Kennysplash]

Exactly, a demo account is more like a training ground where you are allowed to experiment and try everything you want to try and as well improve your trading skills and create a strategy that works for you. This is why running a demo account is important for every trader.

Without that demo trading a lot of people would have said goodbye to their money. It will guide you in how to make the best decisions so that you would do better wheh you eventually start trading with real money.

 

[Ofonime]

It's going to ensure that you have knowledge and skills which you can trade properly in the real account in fact demo account is the bedrock in forex trading some broker will even demand that you spent about six months there it's the place which you can learn about various indicators

 

[Mayorla]

The most common advise that newbies hear when it comes to Forex trading is to ensure they demo trade first before opening a live account.
Trading on a Demo account would help you test your strategy if it is okay or If it would need a little tweaking.

 

[Ofonime]

The most common advise that newbies hear when it comes to Forex trading is to ensure they demo trade first before opening a live account.
Trading on a Demo account would help you test your strategy if it is okay or If it would need a little tweaking.

Yes sorry to reply this post again I think that is the purpose by which the demo account was created it's one of those important platform to earn good amount of knowledge,it was designed for that and I think that demo account prepare newbie to take better trade a head

 

[Ben Kempton]

Trading is not an easy task, and you must practice it first and learn capital and risk management. Of course, working on a trial basis is very different from when you want to do it with your capital, but it will still help and it is better to take this course.

I must say that trading is one of the most difficult things and it is one of the hardest methods to make money. The fact of the matter remains that we must also remember the fact that despite being hard, it is very rewarding in the end. You could merely invest $100 and make $1,000 if you know how to trade correctly.

 

[Mayorla]

Yes sorry to reply this post again I think that is the purpose by which the demo account was created it's one of those important platform to earn good amount of knowledge,it was designed for that and I think that demo account prepare newbie to take better trade a head

Oh, No there is no problem. Yeah, The reason for creating demo account is to ensure that users do not lose all of their money to the market.
Trading on a Demo account would prepare you what is to come while trading on a real account.
Though, It is also advisable not to trade Demo account for too long.
Six weeks to eight weeks is enough I think.

 

[Ofonime]

Oh, No there is no problem. Yeah, The reason for creating demo account is to ensure that users do not lose all of their money to the market.
Trading on a Demo account would prepare you what is to come while trading on a real account.
Though, It is also advisable not to trade Demo account for too long.
Six weeks to eight weeks is enough I think.

I will love to support your write up in forex demo account prepare you ahead of how to trade well if you know how to be successful in your demo account you will also trade very well in the real account ,but this are some of the factor most newbie fail to understand this.the more experience you gain in the demo account the more experience you will get in your real account

 

[Kennysplash]

You can try out a lot of trading strategy without having to fest that you will lose your money. So it is important that you make use of it first before you go live because it will train you on how to make wise decisions.

 

[Mayorla]

I will love to support your write up in forex demo account prepare you ahead of how to trade well if you know how to be successful in your demo account you will also trade very well in the real account ,but this are some of the factor most newbie fail to understand this.the more experience you gain in the demo account the more experience you will get in your real account

Yes, exactly.
This scenario can be easily likened to taking mock exams before your real exam, I believe someone who have taken several mock exams would perform very well than one who has not taken any mock exam, because he is not very prepared.
If your Demo trade severally before trading on a real account, Then I strongly believe It would be more easier to make money.

 

[MarryL9]

There are so many benefit for you to start trading in the demo account before you can go live first you will need to learn there and at the process many skills and experience will be gotten from there.
You will also know proper application of how to use indicator to detect the trend of the market before you get to start in your live account trading

 

[Kennysplash]

Yes, exactly.
This scenario can be easily likened to taking mock exams before your real exam, I believe someone who have taken several mock exams would perform very well than one who has not taken any mock exam, because he is not very prepared.
If your Demo trade severally before trading on a real account, Then I strongly believe It would be more easier to make money.

This is a well-fitting illustration to explain the importance of demo trading. Definitely you cannot compare someone that has don't a lot of mock examinations to someone that didn't try at all.

 

[Oluwatoyin]

Trading on demo account offers many benefits before going live into the real trading, this help trader to acquire more knowledge and understanding on trading and also have more knowledge on risk management

 

[Kennysplash]

Trading on demo account offers many benefits before going live into the real trading, this help trader to acquire more knowledge and understanding on trading and also have more knowledge on risk management

It also helps to reduce unnecessary loss of money. When you take the time to engage in demo trading first you build your decision making ability which will help you to minimize your losses.

 

[gammarays]

I think demo forex trading has it's own advantages. It helps people learn about forex trading without spending real money. Professional traders can also try out new patterns first on demo account before putting in real funds into it.