Demo Account or Live Account? Any Comments?

**okamiraito** · 11-18-2012 06:04 PM

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?

**ForexMike** · 11-18-2012 07:04 PM

Let's post new trader questions in the beginners section. This section is for posting trading systems. Become familiar with the layout of the forum please.

**hermanhess** · 11-19-2012 07:33 AM

nfraction given please see this ----> http://indo-investasi.com/showthread.php/9709-100-Working-Holly-Grail-System

..... welcome to the forum but request you to please do go through the rules

thread moved to beginner section

**Kristianto** · 11-20-2012 02:19 AM

of course demo is the best to start off. you need practice before you start putting your real hard-earned money into trading.

**kakrosie** · 11-20-2012 06:54 AM

Do let me know if you ever come across a newbie who is confident enough to trade on a live account instead of toying with a practice account first. I would love to meet him

**doky** · 11-20-2012 08:47 AM

get familiar with the market and your platform on demo but do not spend too much time with it. There is huge emotional difference between demo and real money, so after you have some practice go live with very small amount. You can easily increase it when your live trading is going well

**ForexMike** · 11-20-2012 03:59 PM

Originally Posted by doky

get familiar with the market and your platform on demo but do not spend too much time with it. There is huge emotional difference between demo and real money, so after you have some practice go live with very small amount. You can easily increase it when your live trading is going well

I was about to type this same thing which is excellent advice doky.

okimarito, I have seen similar requests and seen replies that state not to demo, but to jump right in and taking such advice from fools will guarantee your failure trading the currency markets. What is your training with the forex?

**alify** · 11-21-2012 03:49 AM

I use both. demo account to pratice and make my trading skills be better so i can trading be better with my live account.

**duderex** · 11-21-2012 06:45 AM

Start with reading and watching the Forex training video before you are start with demo account. This will help you to practice. If you have no foundation, you will making Forex as another gambling machine. Keep practice with demo account until you are able to minimize the loss.

happy trading.

**moritzm** · 11-21-2012 05:24 PM

Be profitable in demo isnt a proof for beeing successfull with a live account. It's no problem to loose a couple thousend bucks on demo; you will think "damn next time i will do this and that" but you cant compare this to a real account. If you loose money with a real account you have to face emotions like fear and greed. It hurts when you loose money. So my advice is start small, i mean really small get a micro account fund it with 100$ and trade it. You will recognize a total differenty approach and feeling for this. Just my 2 cents