What did you learn from the demo and real trade?

How long did it take for you to change to real trade from demo?

  • Within a week

    Votes: 3 33.3%

  • Within 2 weeks

    Votes: 1 11.1%

  • Within a month

    Votes: 0 0.0%

  • Over a month

    Votes: 5 55.6%
  • Total voters
    9
  • Poll closed .
Drawdown Addict said:
No! Not at all. It depends on the broker, but most brokers are very relaxed with filling your orders on a demo account, that doesn't happen like that in live trading. Filling at the right price is crucial to your performance.

Demo accounts should never be used to test your trading abilities, they are meant to offer you a playground to get familiar with how to execute your orders, that is all.
Never use your performance on a demo account as an indicative of your trading abilities.

If you really want to know how you are doing, trade the minimal size for six months -at least- on a live account.
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If you are using a broker offering a good demo environment (meaning realistic fills), then there shouldn't be any difference between demo and real trading, except for the psychological aspect (which could have a huge impact for manual traders).

IB has a good demo (or paper) trading environment. They always put your order at the end of the queue, meaning it's always the worst case scenario.

This is not my opinion but facts from extensive use of demo environment vs real trading.
 
Drawdown Addict said:
No! Not at all. It depends on the broker, but most brokers are very relaxed with filling your orders on a demo account, that doesn't happen like that in live trading. Filling at the right price is crucial to your performance.

Demo accounts should never be used to test your trading abilities, they are meant to offer you a playground to get familiar with how to execute your orders, that is all.
Never use your performance on a demo account as an indicative of your trading abilities.

If you really want to know how you are doing, trade the minimal size for six months -at least- on a live account.
More...

Demo didn't help on testing trading plans for you?
Yeah we should live in LIVE trading. Thanks for sharing DA.
 
SimpleMeLike said:
Good Morning Lexi_L,

Took about 4 years to go from demo to real money.

What I learned was, there is no RESET button in Live real money trading, so I better pay attention trade wisely and know what I am doing and what it is I want for my trading effort day to day or week to week.
More...


Good morning SML. Thanks for sharing.
4 years were quite long lol.True enough, we should be cautious and considerate on real trading.
 
rb7 said:
If you are using a broker offering a good demo environment (meaning realistic fills), then there shouldn't be any difference between demo and real trading, except for the psychological aspect (which could have a huge impact for manual traders).
More...
Good Morning rb7,

I agree with you on this part.

I have no issues with trading demo, only the mental part is an issue.
 
Lexi_L said:
Good morning SML. Thanks for sharing.
4 years were quite long lol.True enough, we should be cautious and considerate on real trading.
More...
Hello Lexi_L,

Yes indeed buddy. 4 years in demo. Perhaps it take other traders short time to get profitable, it has indeed taking me awhile for sure.

How long it take you to get consistent profitable? And how long you been consistent profitable?
 
rb7 said:
There shouldn't be any difference between demo and real trading, except for the psychological aspect (which could have a huge impact for manual traders).
More...

I'll let you search for the differences between a demo and a live account, a simple search on google will tell you a few stories.
 
Drawdown Addict said:
I'll let you search for the differences between a demo and a live account, a simple search on google will tell you a few stories.
More...
Lol...
I'll stick to my experiences.
No need for anonymous stories...
Keep getting your informations from the Net.
 
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