Demo Account or Live Account? Any Comments?

Demo account trading can help us get experience of currency trading working handling. I think there might be some difference between spread in demo and spread in real.

a demo account is helpful to trade us to be better and to improve our capabilities. If you already tried a demo account, try opening a real account in HiWayFX to in order to trade in good and safe with a minimum deposit of $ 20

 

Yeah demo account is good for new trader as well as the experienced ones as they can check their strategies and guess market predictions in here.

Yeah demo account is good for new trader as well as the experienced ones as they can check their strategies and guess market predictions in here.

 

indeed very helpful for trading by learning to use a demo account to improve our skills to step into the real account, like ane trading in HiWayFX with a minimum deposit of $ 20 can be maximized

Every trader must have felt when starting the demo account trading study, so of course it's better learned in demo account first to make sure we can manage existing capital

There is not too much to comment over here, it is more to do with our comfort levels. We should be using option that we feel comfortable with. I don’t think live is an option, it is obviously the ultimate thing. As per demo, it is required but obviously optional. I use no deposit bonus option, I use it with FreshForex, as they offer it and I find it super cool!

Personally I steer clear from bonuses of any type, because its a part of marketing efforts and can only distract you from your trading plan and strategy.

Trade with your own money only and use don't buy into marketing too much :)

Firts Demo Account and with a lot practice you can to try in Live Account

Absolutely demo account. Live account is for someone who has some experiences.

Demo account for beginners. While a beginner does not learn how to win consistently, he should only trade on the demo.

at least 65% profitability in demo account. before going live.

is it true that those brokers who offer bonus will try to hold on to our profits and make it painful for the withdrawal process? i have heard quite a few horror stories.

you may start with demo. but you can earn profit only on a live account

obviously demo is the best to begin off. you need practice before you begin putting your genuine hard-earned cash into exchanging.

Make sure you use paper/demo account as same as real account, if not, you will not be learning to trade and handle risk. Making new trade at right time is only 50% of challenge, rest 50% is to manage trade/risk.

If you cant make consistency on demo for at least 3-6 months you will not for sure make it on live. So you need to earn the right to go on live by making first on demo....

I suggest trading with a demo account if your venturing into forex and after you have gained enough experience move to live trading so that the live experience also gives enough forex knowledge to build a new strategy.

Of course, a Demo account would be best to start for any new trader. Gaining theoretical knowledge is good but implementing it in the right way is what matters for profit or loss. So I would suggest a Demo account first.

If you are a beginner with no demo trading experience, I suggest sticking with a demo account till you have gained enough knowledge and demo trading experience.

 

Because many beginner traders have blown up their accounts by entering into live trading.

Demo Account is the best way to learn the structure of the Forex Market and its procedure, but to learn the Forex Tradin in actual sense, we have to step into the real market.

As new traders, they get attracted to a demo account that offers knowledge on forex trading and guidance on how to trade. Traders get a better experience with a demo account. After acquiring confidence in the demo account, starting with the live trading account will be beneficial.

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?

 

Demo accounts helps to learn basics like place trades, changing timeframes, setting stop loss and take profit but you can't understand psychological challenge which is great obstacle in trading on demo account that's why it's important try live account as well.

Since I'm a beginner, I still use the demo account to understand the forex market and familiarise myself with the trading platforms that are offered by the brokers.

Make sure you trade on demo account that has same execution as on live accounts cuz it can create false impression that you will be able repeat demo success on live. Lots of strategies making profit on demo is useless for live account.

Beginners with no live trading experience should use demo trading for four months or more if they have not made consistent profits.

I used demo accounts for 3 months, I think its enough to learn platform functionality then I started to trade real money to test my feeling because it is very important part of trading.