How do people fail at this?

[pipeguy]

How would you define real, because am sure there is a purpose why demo was created or designed in the market..

You seems to be kidding or trolling us

 

[Vuu]

Many I would say are misguided in the market and make the wrong decisions, the worst mistake we can make here is listening or taking advise from someone who knows little or nothing about trading.

 

[Masil]

Trade with real money, just a little bit, and all your questions will be answered.

I agree, but he should be very careful with trading real account as it can be very tricky for a newbie. Just remember to start small while you are at it and gradually increase the investment.

 

[Vuu]

I feel newbies should start first with demo trading before they go real, this will help them know more about the market and how to trade practically.

 

[wrbtrader]

I feel newbies should start first with demo trading before they go real, this will help them know more about the market and how to trade practically.

Most newbies can't resist going live with real money...emotions take over or too much greed...then...after the damage...its too late to start with the simulator phase.

wrbtrader

 

[SunTrader]

And it is exactly because demo trading does not involve emotions it is of limited valued.

 

[Esha.J]

Newbies are having problem of earning money which is not possible in this business as they think. So they fail.

 

[wrbtrader]

Newbies are having problem of earning money which is not possible in this business as they think. So they fail.

Most retail traders fail even before they take the very first trade.

wrbtrader

 

[Andras]

Genuine question, not trying to be condescending. I really want to know what the catch is or where people are getting hung up. Background: I started practicing forex trading as a hobby a couple weeks ago using TDAmeritrade's thinkorswim and then with a practice account on Oanda (TD won't let me trade forex with my amount of money). I haven't started trading real money yet. I wanted to make sure I knew what I'm getting into.

Ok, no one here can give you a direct answer. Just as you took it upon yourself to learn demo trading, try switching to a real money account. If you are scared, let me direct you to a broker that will give you $100 instantly to do live trading. Forexchief gives you $100 instantly, no catch. I bet that with your level of experience you won't even last a day and that money is gone.

 

[piezoe]

Demo account fills are a joke.
You can buy on the bid and sell the offer all day on those simulators.

This is certainly true of Thinkorswim's simulator. I think simulators serve two purposes. One is to get people familiar with the software; the other is to sucker people by making it seem easy to make money day trading. If you want to make money day trading, an absolute requirement is to use a platform that gets you into the queue near the front or use market orders. Otherwise you are guaranteed that the market will be moving against you by the time your order is filled. You can not use a broker that holds your orders on their server.

There is no such thing as direct access anymore for regular accounts. The SEC requires that all orders be screened before being sent on to the exchange. But that screening process needs to be lighting fast.