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Demo vs Live dispute
- Thread starter AndrewMcCalam
- Start date
Completely agree with you buddy, demo account is usually used for practice and live account is used to do real trading.Demo account is mostly used to practice, test your strategy, familiarize yourself with a new platform. However, with demo trading, the psychological aspects of trading don’t come into play, like fear and greed.
As a begginer demo trading is unquestionably important aspect for learning and understanding the market. Once the beginner is able to get a hold on his trading strategy and has befriend the market he can trade on a live trading platform to make the real money.
Demo accounts must be the first step towards practically trading the market. Understanding ins and outs of the trading platform and the market is very important before trading on the live account.
I don’t think there is anything disputable about live and demo account. To understand and learn trading demo is mandatory and to earn real profits live trading is mandatory. None of them can be underestimated.
Totally Agreed! Traders should never trade on the live account untill he has started making consistent profits on the demo for atleast two months as without proper practise and knowledge traders won’t be able to survive the market.As a begginer demo trading is unquestionably important aspect for learning and understanding the market. Once the beginner is able to get a hold on his trading strategy and has befriend the market he can trade on a live trading platform to make the real money.
to survive successfully in this area need a strong money management , otherwise any kind of approach can be useless.
but the main problem is , most of the traders dont believe the importance of this trading place at all.I don’t think there is anything disputable about live and demo account. To understand and learn trading demo is mandatory and to earn real profits live trading is mandatory. None of them can be underestimated.