Demo account useful for beginners only - page 6
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demo account is very important for traders. because the demo account the trader can start trading comfortably without risk. So we need to use a demo account with either. for that we have much to learn in a demo account if we want to succeed in forex
Man ...
Anyway, testing new strategy on a live account would be ludicrous - so, even if you are not a beginner, you know for a long time that demo accounts are there for testings
A Demo account is also useful for a professional who wants to try a new strategy or wants to start trading a new instrument.
I agree that demo can be also used by advanced traders to test new strategies, but the useful of demo account is very depend on its similarity to real account in pricing and execution. Only demo accounts which are most similar to real account can help the trader to test and optimize new strategy, so if you use demo accounts for such purpose you should ask your broker about the pricing and execution difference between demo and real.
It does not matter if the demo is exactly the same with the real account or not. It is the same comparison as with account with one broker or the other. The important is that there are some seemingly random price changes and that the future trader should know what to expect. If it is going to be 1 pip up or down or the execution time is going to be faster or slower is irrelevant - trader must build a strategy that should be OK on any account of any broker. If one thinks that 1 poibt difference in prices between real and demo account is decisive, then better not to start trading
It does not matter if the demo is exactly the same with the real account or not. It is the same comparison as with account with one broker or the other. The important is that there are some seemingly random price changes and that the future trader should know what to expect. If it is going to be 1 pip up or down or the execution time is going to be faster or slower is irrelevant - trader must build a strategy that should be OK on any account of any broker. If one thinks that 1 poibt difference in prices between real and demo account is decisive, then better not to start trading
I agree
People are often forgetting about the randomness and that a deviation of a couple of pips actually mean nothing at all in the big picture (unless you are one of the proud owners of HFT company but then you are not reading posts at forums like this)
I agree People are often forgetting about the randomness and that a deviation of a couple of pips actually mean nothing at all in the big picture (unless you are one of the proud owners of HFT company but then you are not reading posts at forums like this)
Demo account is very helpful because we will get trading experience. We also can use demo account to take part in demo contest. We will learn basics of forex trading so we will be more ready when we use real account.
Demo accounts are useful for everyone, including experienced traders. When you have a new strategy you won't test it on a real account with real money, that's just irresponsible.
Guys, you must know that broker will not apply plugins he is using on live accounts to demo accounts. Try some scalping on demo accounts and try that same scalping on a live account of a same broker and you shall see the difference
results on demos and real accounts are never the same