demo and live difference

To get a first-hand experience of how the forex trading platform looks and works, you can use a demo account. It’s a great way to practice trading strategies and gain useful experience that can be used during live trading.
 
S.Luke said:
From my experience I can that the demo is the best tool for beginners to train and understand how the forex market works without taking any real risks or money.

Live trading on the other hand has risks and real money involved in it, so traders need to gain proper experience in it before expecting consistent profits.
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Understanding how markets work is one thing, making money is completely different. I would say that finding profitable trading system is a blend of trained eye (intuition?), talent, coding and math background and of course common sense. Often you need to spend many years before you get you get all of the necessary ingredients.
 
Trading a live account is going to be a completely different experience compared to trading a demo account. Though both trading platforms look and work exactly the same way, a demo account consists of virtual funds, with which traders have no emotional connection. Whereas, trading a live account involves real money, which traders can lose if they don’t implement the right trading strategies. If someone is trading a demo account for practicing strategies, then that’s fine, other than that, a demo account won’t be of any use.
 
Phalange said:
Trading a live account is going to be a completely different experience compared to trading a demo account. Though both trading platforms look and work exactly the same way, a demo account consists of virtual funds, with which traders have no emotional connection. Whereas, trading a live account involves real money, which traders can lose if they don’t implement the right trading strategies. If someone is trading a demo account for practicing strategies, then that’s fine, other than that, a demo account won’t be of any use.
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Agree, many traders underestimate influence of emotional pressure in trading. If you are unprepared you are guaranteed to have risk spiralling out of control
 
Demo trading does not have any risk or money involved in it, traders can use it to develop new strategies or skills.

Live trading requires forex knowledge and real capital because the risk involved in it is real. Traders use various strategies to make profits and avoid losses.
 
A demo account is useful to learn and practice without any risk, many brokers offer a demo account, in FXOpen, offer demo accounts ECN, traders can start using virtual money like $5000 or they can set the amount of initial capital according to the needs through open registration via MT4 trading platform.
 
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