Demo Forex

Maxue said:
Maybe micro live trading is more helpful, I always think trading mind is very important for one trader.
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Micro live trading would be a better place after demo account for newbies, cuz they will feel the real impact of losing or wining in forex trading...
 
Even if you're experienced trader, trying a few of demo account before investing is a good way to check their trading condition. My current broker hotforex is the second and I am using demo to test my strategies.
 
w3c said:
Even if you're experienced trader, trying a few of demo account before investing is a good way to check their trading condition. My current broker hotforex is the second and I am using demo to test my strategies.
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Indeed! Some experienced traders would rather try their trading system before applying it in their lice account.
 
Demo accounts are important even if you are an experienced trader you can check your trades here and if you are a new trader then you can learn trading without loosing your money.
 
vic84 said:
Demo accounts are important even if you are an experienced trader you can check your trades here and if you are a new trader then you can learn trading without loosing your money.
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Cuz that's the essence of demo account, where you can learn and train your trading skill without risking even a single cent from your pocket. Just invest your time to learn and train more and you will get a better outcome in the future.
 
Demo trading is amazing, you don't have to be scared of mistakes you make but learn from them. Even when you blow your account you are still confidently trading on.
I remember my first ventures on demo trade, I blew my account big time. No profits at all for some period of time. But things changed gradually when I started applying some strategies to my demo trading. One strategy I tried first and worked out well for me is the;

Triple Screen system
It is basically having three chart displays on particular pair, on different time frames to help determine the trend in the near future. Using it brought good profit for me and things started turning around from then on.
One other thing with demo is that you ain't scared of nothing, you can try whatever you want without fear.
 
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