Demo account with real account experience

[Kagisopeter]

Demo accounts is for you to practice and test out strategies, but they can only provide you wish some typical situations, which will not prepare you for all the scenarios. As a result, the trades that you make while on Demo Account should not be taken as real situations.

It's so important to keep that in mind and not be under the false impression that demo profits are real. It's a fact that everyone knows but every new trader ignores and starts thinking of being an expert trader in no time with huge profits.

 

[rider20]

You mean losing real money, even if small amount, is the way to learn patience!?!

I agree. No point skipping demo trading at all as per me.

 

[Thanag]

The right decision is to use a demo account, because it is a practice and an opportunity to learn how your strategy works.

 

[tedmos38]

Demo accounts is for you to practice and test out strategies, but they can only provide you wish some typical situations, which will not prepare you for all the scenarios. As a result, the trades that you make while on Demo Account should not be taken as real situations.

Well said, totally agreed with you.

 

[kroxobor]

True there's no point trading mils when in real the investment is going to be just a few hundreds or thousands at the best. That's just a waste of time spent on a demo account because it will not tell anything about a trader's skill or strategy isn't it

Right, for example I found an edge on Fixed spread account (from Hotforex) trading USDRUB. Due to specific transactions costs on exotic pairs, stable spreads reduce transaction costs in average helping too boost profits. Just an example.

 

[Kagisopeter]

Right, for example I found an edge on Fixed spread account (from Hotforex) trading USDRUB. Due to specific transactions costs on exotic pairs, stable spreads reduce transaction costs in average helping too boost profits. Just an example.

I suppose same rules can't apply across all securities, markets and pairs. A broker will always work as per trader's strategy.

 

[kroxobor]

I suppose same rules can't apply across all securities, markets and pairs. A broker will always work as per trader's strategy.

Yeah I meant it's all about finding your edge which is mostly a trials and errors process.

 

[Kagisopeter]

The right decision is to use a demo account, because it is a practice and an opportunity to learn how your strategy works.

Yes I think there's no better way to test a strategy.

 

[shriekpurser]

I think having a well defined trading plan is critical. Your entry and exit values, also your stop loss should all be predetermined. Even the indicators that you would use everytime should be a part of this plan. Rather than using too many, just master the use of 2 technical indicators and use them regularly.

 

[Oghmaron]

Learning balance is equally useful for both novice and experienced traders. Many successful traders use it to test different trading strategies or adapt when switching from one trading platform to another.