trading in demo account is boring but its a master place to become very knowledgeable trader.
Demo Forex
- Thread starter Danielle Davidson
- Start date
please dont go negative mind , i have never seen at any guy who got expensive knowledge by demo account .
When you're trading on demo, your actions have no real consequences. A demo loss isn't nice but it doesn't hurt like losing real money. When becoming a better trader, you need to feel the consequences of your actions and you have to take full responsibility for your mistakes if you want to grow.
you write the real speech but in practical this is really difficult.
can you please make sure how much knowledge you gained by doing demo trading ? its my curious , nothing without it.
Demo trading is good for only one thing. Learning how your trading platform works. It lets you hit the wrong button at the wrong time so you can see the mistakes you might make when interacting with your trading software on live real account.
That's it, that's all there is.
The idea of a demo backtest is problematic, because you are trading the past. When you go live you will be trading the present and the future, not the past.
Start small in live, and scale up as you get better in identifying entries and exits. That's the holy grail. And you will find that only in real money accounts.
That's it, that's all there is.
The idea of a demo backtest is problematic, because you are trading the past. When you go live you will be trading the present and the future, not the past.
Start small in live, and scale up as you get better in identifying entries and exits. That's the holy grail. And you will find that only in real money accounts.
a very informative post about demo trading , got some fine lines , thanks for your nice reply.