Boring or not, I still find my way back to demo accounts on fxpro and fxview even after years of practice to test-drive my strategies and see what needs fixing. I feel coming back to invest with a sense of surety helps one trade better.
Demo account with real account experience
- Thread starter Kagisopeter
- Start date
Hey Elizabeth, good to hear that there’s someone who still demo trades despite the experience. With me, I was confused whether I’m a short-term momentum trader wanting to capture 10-20 pip moves or prefer using low leverage and hold on to long term positions. Finally realized what I wanted after months of demo trading practice.
You’re right. Saying this after spending and wasting months practicing on a demo account only to realize that the spreads quoted in the live trading are much wider as compared to the tighter spreads that made trading profitable in demo.
When I open a new account with a broker I always start with Demo. It gives you a feeling for what the broker is like. When I move to real account then I know which broker is trying to trick traders.
Watching your account bleed is the last thing any trader would want to see and they expect to control emotions while your money is being drained out.
I’m new to live trading and ended up overtrading, got too excited maybe because I was making good dollars while in demo
I’ve seen brokers claiming that their demo accounts are as real as their live ones but the truth is most of them are just a projection and are not always accurate.
That is somewhat true Christie, but then they are not supposed to be real. They are ‘demos’ and serve their purpose accordingly.