On a demo, even though it's live data, your fills are from the application and not the exchange so when you go live it feels a little different... another thing is there are no consequences to trading on a demo so when you go live and real money is on the line emotions come into play big time and change the course of your entries and exits and decisions you make or hesitate to make. Everything adds up...
demo and live difference
- Thread starter NeilKruger
- Start date
So the difference is the trader not the strategy?
I believe this...
U could give 10 traders UR +VE expectation strategy and after 10 trades there would probably be 10 different equity amounts... Unless system was automated (no trader input)
I’m a college student and just completed a course in forex. Have spent more than 6 months learning and is it a good option to go for demo trading when the important aspects like Re-quotes and slippage are non-existent?
When you start trading, don’t just focus on money making. Demo account trading isn’t for that. It’s about forming healthy trading habits along with good risk management strategies.
How to avoid losing trades and money on aspects that aren’t covered in demo accounts? I do live in the real world and know that having 100% success rate isn’t possible, but there needs to be a way out.
You can consider opening a micro account with regulated forex brokers like avatrade, fxview, plus500 and XTB. They don’t ask you to start with a large amount and that’s the best part of micro accounts. You’ll be live trading with a small amount and practice all the strategies and skills.