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SOCIETY, BUSINESS and ECONOMY => BUSINESS and ECONOMY => STOCK and FOREX EXCHANGE => Topic started by: ella1234 on November 10, 2015, 10:06:19 AM

Title: Can demo accounts give us all we need?
Post by: ella1234 on November 10, 2015, 10:06:19 AM
Can demo accounts give us all we need

Forex demo accounts has been proven to be one of the best tools to develop our trading experience and skills.  Do you think demo alone can give all that we required in forex trading?
Title: Re: Can demo accounts give us all we need?
Post by: Osamba on November 15, 2015, 05:14:42 PM
I guess it can't.  Demo account doesn't allow testing a real trading, when you risk your own money.  It's just a training.  It helps develop some skills, but you can't learn how to trade only with demo.  Sp on day you need to go live and my recommendation is to choose an account without requirments to a minimum deposit.  For example, FreshForex has a nice ECN account: spraeds from 0 pips, order execution time is 0,05 and you can trade with any deposit you with.  This broker was recognized as the best ECN broker recently https://freshforex. com/company/news/news_6025. html
Title: Re: Can demo accounts give us all we need?
Post by: Terry Pumpkin on December 07, 2015, 08:48:35 PM
Demo account can give us all that we need, but I believe the question has to be that, if we are good enough to take it.  I believe we need determination and passion for working in demo account, if we have that then we can definitely work smoothly on demo account and learn so much, but I do say there are better options out there like one I am using with OctaFX broker with their Southampton Supreme demo contest with 400 prize fixed plus another set that?s unlimited according to our performance.
Title: Re: Can demo accounts give us all we need?
Post by: vic84 on December 10, 2015, 03:27:26 AM
Demo account is good to as it gives a real market experience but psychologically you know that you have nothing to lose and sometimes get a bit easy.
Title: Re: Can demo accounts give us all we need?
Post by: Lowcoster on December 15, 2015, 03:47:32 PM
First of all, you should take an education course - https://freshforex. com/training/steps/.  You can do it at your broker or find some materials on Internet.  Then you?d better have some training with demo-account.  Only if you have some good experience, you can try trading with real account.  But don?t deposit a lot of money at first, you can lose it.
Title: Re: Can demo accounts give us all we need?
Post by: Terry Pumpkin on December 19, 2015, 02:41:37 PM
Yes, I believe demo account is powerful enough to give us quite a bit especially when it comes to creating plans and strategies, it is the way we are going to get success.  I trade with OctaFX broker and they are really impact making company with having excellent facilities, but more so is their demo contest like Southampton Supreme, it is very short yet guides us brilliantly which is why I like it so very much and regularly participate on it.
Title: Re: Can demo accounts give us all we need?
Post by: Osamba on December 20, 2015, 01:36:18 PM
First of all, you should take an education course - https://freshforex. com/training/steps/.  You can do it at your broker or find some materials on Internet.  Then you?d better have some training with demo-account.  Only if you have some good experience, you can try trading with real account.  But don?t deposit a lot of money at first, you can lose it.

It's worth using money from a broker: get a tradable deposit bonus, for example. Even if you're losing money, such a bonus can help you to improve the situationhttps://freshforex.com/traders/promotion/51-drawdown-bonus.html (https://freshforex.com/traders/promotion/51-drawdown-bonus.html)