Profiforex newbie demo contest
- Thread starter Herbert
- Start date
I am still trying to make sense of your post. Everybody wants to be a winner as forex traders. I doubt if you are different. Good management skills its hard to acquire when one is trading with a demo account. But when it is a real contest and real money is involved, traders tend to be more cautious so as not to lose big.
Demo contestants will want to take huge risks to win the contest, which on a live account they'll not want to. In some cases, we have seen some traders take huge risks to make huge profit. It happens in a demo contests and it also happens on a live account. It all depend on what kind of trader you are.
So, while some persons are protesting against demo contests, others are winning money out there to fund their live account.
Everyone is entitled to his/her own opinion.I agree with you. Just because you don't like participating on a forex contest does not mean you should LORD it on another trader not to participate.
Indeed ... but that doesn't mean that they're all of equal value and validity. And actually they're not.
Of course, we all have our own opinions and they will differ and the views of the Newbies and the expert traders would differ to a greater extent. As they won't have the experience and knowledge which the professional traders will have.
I quite agree with your opinion. However, the newbies will one day become expert traders. It starts with the likes of demo contests, live contests, and use of various forex strategies.
Fewer than 1% of them will.
The ones for whom it starts that way certainly aren't normally among the minority who will ever become successful, and are stacking the deck even further against themselves, and there are reasons for that, some of which are explained pretty clearly on the previous page, if you take the trouble to read them and think about them rather than spouting nonsense.
Yeah, there are very less newbies who are dedicated towards the learning process of Forex Trading, they just think it as a Gamble and trade blindly and as a result lose a lot.
That's why we need to make our trading skills be better. Demo account also must be maximized as well as possible. Demo account is exist for us who still learn. We can trade without having to make deposit first. I also still use demo account in FXB