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  1. #21
    Diamond Member Array alify's Avatar
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    Both demo account and live account have other benefits. Demo account is very useful for traders, especially for beginners because they can trade without any risk and live account to make profit when trading.
    Last edited by alify; 12-17-2012 at 03:16 AM.

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  3. #22
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    Use demo account to get trading experience which can be learned to real trading.

  4. #23
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    Some differences between DEMO and LIVE account would make you lose when you go to LIVE after thinking you get enough with DEMO.

    The execution time, spreads are different a lot. Anyway, demo account is the best way for new trader learn how to trade.

  5. #24
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    Both demo account and real account has other benefit. Demo account is the first step for beginner who wanna start trading, because there's any risk.

  6. #25
    Diamond Member Array alify's Avatar
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    Quote Originally Posted by Atlas CapitalFx View Post
    Both demo account and real account has other benefit. Demo account is the first step for beginner who wanna start trading, because there's any risk.
    You're right, so we can't equate both and we must remember that real account is more risky that demo account.

  7. #26
    Diamond Member Array Gaban's Avatar
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    Quote Originally Posted by aventador View Post
    Some differences between DEMO and LIVE account would make you lose when you go to LIVE after thinking you get enough with DEMO.

    The execution time, spreads are different a lot. Anyway, demo account is the best way for new trader learn how to trade.
    You're right. In demo trading, we will get trading experience, and we can use it to learn before trading with real account. I also use demo account first, then i use real account with posting bonus as my balance to trade.

  8. #27
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    Actually, I think we can get familiar with MT4 program (trading platform) with demo account. And real trading experience with Live Account.

  9. #28
    Diamond Member Array Gaban's Avatar
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    Basically trading with demo accounts and real accounts are the same. We use the platform to trade, and we also need to do the analysis. It's just that if we are trading with a demo account, we can not draw profit and we also have a psychological effect. So do not be surprised if trading using a demo account it is easier to make a profit rather than trading in a real account.

  10. #29
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    Quote Originally Posted by okamiraito View Post
    Hi Guys,

    Does anyone have comments or suggestion which one could attract most for new traders? Would it be a Demo Account or Live Account?

    new traders rule of thumb, stick with DEMO DEMO DEMO and trade it like reall money, for atleast 2 months or more, go with brokers like hotforex or any MT4 broker coz demo is free. practice is the key

  11. #30
    Diamond Member Array Gaban's Avatar
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    Quote Originally Posted by maligno View Post
    new traders rule of thumb, stick with DEMO DEMO DEMO and trade it like reall money, for atleast 2 months or more, go with brokers like hotforex or any MT4 broker coz demo is free. practice is the key
    2 months to learn to understand trading in a demo account is a sufficient time to gain trading experience. And even though we have used real account, we should also continue to use the demo account to learn, test strategy, or even use to participate in the contest demo.

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