Importance of demo accounts what is it?

[Md Mizanur Rahman]

Demo account is used to learn forex, so that you can get an idea how to do forex and also experience few trading mistakes, so that when you will do it from your real forex account it will help you to trade.

What is your assessment?

 

[Priya]

Yes you are correct always when you plan to start Forex trading, test your strategies on a demo account, so that you will have good experience when you go with real money.

 

[broforex]

Demo account is important to test your skill in forex market, so you need a good broker that bring you a good demo account. I recommend you to trade with FreshForex and try their demo account, FreshForex demo account is 100% same with real account.

 

[Francisco]

Always try a strategy before use it in real account! If not, sooner or later, you will lose

 

[Dexteriti]

thanks

 

[Jinvestconsult]

But the demo data is way different live account. I will advice that one risk a certain amount of capital for that. Becus they are different entirely

 

[Ibrahim Athif]

Demo account is good to learn forex strategies but one needs a small live account to practice controlling emotions

 

[Trader101]

Useful both in learning Manual trading and testing EAs.

 

[Trader101]

For those who ave been using demo accounts here. What are your experience? Do you get same results when you use a live account?

 

[Lucius]

Demo is good to see how indicators and eas are working in real time. The indicators may redraw and you will be able to see this, as for the eas, i know the testing grails which are very profitable on backtests but will never be profitable on real or even demo accounts.

 

[Raymonz]

testing the broker execution and the performance working well or not

 

[Barry van der Walt]

You must first sharpen the knife before you cut your Kilo of meat, so demo is the way to go.

 

[JakubSobiecki]

I started trading on a real account and it was my mistake

 

[oLA]

The journey start with a demo account. Has you gain more experience, you test different strategies with indicators and test EAs on a demo account before trading on a live account.

 

[NunuO]

A demo is very helpful for testing strategies but most demos have a huge capital making it quite different from a real account. Some losses are very painful to swallow but mean nothing on a demo

 

[oLA]

A demo is very helpful for testing strategies but most demos have a huge capital making it quite different from a real account. Some losses are very painful to swallow but mean nothing on a demo

Always start demo with the amount you wish to invest in the real account.

 

[Aless]

Demo accounts are fine to test but sometimes it acts diferent on real account. i tested some trading on real and on demo accounts simultaneus, only diference was on demo account i we traded with higher lots.

 

[Edward Peterson]

Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. For demo trading a good broker is also important. A broker whose demo price is well synced with live market like XeroMarkets broker.

 

[Julius Opaniran]

Hello everyone,

I have been trading on a No Deposit Bonus of $2019.00 from freshforex.com.

I have made about $1,656.17 profit on the bonus.

I have a challenge of meeting the condition to fund the account with a corresponding amount equal to the profit made.

I need people who can join me to raise fund to deposit to the account and withdraw. We agree on share of profit made and return the borrowed money.

If you are interested, kindly chat with me to join hands to make money.

Thanks.

 

[MansiTrifid]

Some traders may be unwilling to practice trading first. Therefore, practicing forex trading on a demo account is very important and useful. Besides being able to know the condition of price movements in real time, you can also try trading without worrying about losing capital. It gives you the complete feel and experience of real account. It is very useful for the learner or new trader who wanna experience trading without losing money. Enough to register a demo account at a forex broker, then you will receive capital in the form of virtual funds that can be used during practicing trading. The newbie trader can trade in this demo account using daily updates in the market and free forex tips.