Thread: Demo trading is Great learn system

Demo accounts are useful for each and every trader in the market and people can trade with freedom and practice with freedom in the market because they cannot lose their real money and that risk is not there which can help them to try new strategies.

Originally Posted by Rahul247

Demo accounts are useful for each and every trader in the market and people can trade with freedom and practice with freedom in the market because they cannot lose their real money and that risk is not there which can help them to try new strategies.

I agree with you, demo trading is the only place we can train our trading skill by face the real condition that we will face on our real trading activity without risk. So it really necessary for all the traders to maximize the use of demo trading to help theirself to make their trading skill more ready to face the real trading activity.

To sharpen the skills of trading and also the testing of all the strategies, you need to try your hand at the Demo trading and then you need to try to apply those skills that you learn in the Demo account in the Real one so that you can make some profits.

A demo account is very useful for forex newbies. It helps to educate them about the platform and how trading really works. I recommend the newbies to try to open a demo account in Tickmill, which I am trading now. Because the conditions on Demo account in this broker are totally the same as on Real account.

But it is more important that Demo accounts need to be used in abetter way so that we can learn as much as I can from this Market with the Demo accounts, so that when it is needed we can apply all the things on the Live accounts as well, i think that would be the best thing.

Originally Posted by Rahul247

But it is more important that Demo accounts need to be used in abetter way so that we can learn as much as I can from this Market with the Demo accounts, so that when it is needed we can apply all the things on the Live accounts as well, i think that would be the best thing.

If we want to get the best results from our demo trading activity then we really have to doing it seriously so we can get to improve our trading skills effectively by using demo trading account.

Yeah, I completely agree with you on the fact that demo accounts are really useful for the traders who want to trade the market in a better way and then they can apply those skills in real accounts as well.

I am sometimes too impatient to start something new bit like a kid which I am still what I am (21) but I feel sometimes my more excitement has cost be a lot. I saw someone doing Forex trading and I knew I want to do this at any cost so I started on demo account but I was not able to understand much other than the basis things like what’s margin, leverage, pips and these small details but apart from this I was not able to learn much and I did not know how to use charts for my benefits or to make profits.

I then decided to search for a training course and I was okay even if I needed to pay fees for it because it was one time. I found out YesFX Ltd is the best place I could start but what I really loved was that it was free.

I joined their training program Remote FX Traders, it was a personal trading station for me as I was treated with great respect and there the trainers were so polite and full of knowledge that just been able to interact with them was extremely useful so I found it to better then demo and now I can trade well because I have knowledge.

In FX Market , Demo accounts are reallu useful for the traders because through demo trading they can trade the market with out any risk of losing real money and that can help you to trade with real account, I have been using FBS as a broker.

Demo is excellent if we treat it correctly but equally poor if we do it without purpose or determination. I am working with OctaFX broker and they have really classic demo contest so I regularly participate in there, it’s great because it keeps me motivated and at the moment I am working on cTrader demo contest and it’s weekly so every week I am with a chance to win 150 USD which is great amount for a week if I am able to win.