Gad Posted February 24, 2014 Report Posted February 24, 2014 what is mean live account? live account is your real account, not the demo account or bonuses account... The account you use to trade on a more serious stage, with the intention of making as much profit as possible. Quote
xshot007 Posted February 28, 2014 Report Posted February 28, 2014 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. Quote
Gad Posted March 8, 2014 Report Posted March 8, 2014 However, demo account has some disadvantages as: demo server's speed execution are slower than live server, it affects the bid/ask, you can't trade gold in demo,... so you should begin with micro-account when you want to trade live. Quote
CahCuncun Posted March 13, 2014 Report Posted March 13, 2014 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. Of course. And for beginner, demo account will be useful because they can learn forex trading without having to make deposit first.Demo account also can be use for taking part in demo contest too and it will make us get more experience. I still use demo account until now although i have use real account in TenkoFx. Quote
Gad Posted March 15, 2014 Report Posted March 15, 2014 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 Quote
orni308 Posted March 18, 2014 Report Posted March 18, 2014 i would prefer to gain experience and to know how market behaves its a must to start trading with an demo account... Quote
Gad Posted March 21, 2014 Report Posted March 21, 2014 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. Quote
morisvladi Posted April 23, 2014 Report Posted April 23, 2014 I find you can pick up very bad habits with demo accounts. I tell people all the time to trade a demo account the same way they would trade a live account. Ive run into to many people who say well im just gonna take this trade because its SIM. Well if you wouldnt take it with a real money account why would you develop bad habits? Quote
orni308 Posted May 18, 2014 Report Posted May 18, 2014 A trader should trade in demo account first and Utilise it to test his skills he has learned theoretically. Quote
Gad Posted May 21, 2014 Report Posted May 21, 2014 A trader should trade in demo account first and Utilise it to test his skills he has learned theoretically. yap, that true... agree with you... Quote
Gad Posted June 12, 2014 Report Posted June 12, 2014 as a beginner we can practice and learn from indo.mt5 forum, you can get a bonus post and use it in insta... use a demo account first to familiarize yourself and learn the risk management and money management. when it is ready then you open a standard account. ⭐ bomdila 1 Quote
⭐ bomdila Posted June 29, 2014 Report Posted June 29, 2014 Which broker is good for demo account ? Quote
Gad Posted July 2, 2014 Report Posted July 2, 2014 Demo is very good for studying and applying any strategy or knowledge you learn (unreal money) and live account that you have to try to keep any cent you got and earn and earn a lot of profit as you can. Quote
Gad Posted July 12, 2014 Report Posted July 12, 2014 However, demo account has some disadvantages as: demo server's speed execution are slower than live server, it affects the bid/ask, you can't trade gold in demo,... so you should begin with micro-account when you want to trade live. Quote
fxapex Posted July 13, 2014 Report Posted July 13, 2014 However, demo account has some disadvantages as: demo server's speed execution are slower than live server, it affects the bid/ask, you can't trade gold in demo,... so you should begin with micro-account when you want to trade live. It might be a problem, but the main advantage of Demo account is that it gives you a real life experience on how to trade, it gives a complete knowledge about how market works. Quote
alventa Posted September 3, 2014 Report Posted September 3, 2014 It might be a problem, but the main advantage of Demo account is that it gives you a real life experience on how to trade, it gives a complete knowledge about how market works. This is way to get the experience in forex market with demo trading account. Every new traders need to completely the demo trading for their carier in forex trading. :-bd Quote
usok Posted September 9, 2014 Report Posted September 9, 2014 demo accounts are good for practice, but its always better to practice on cent accounts or micros for a bettter understanding on how the live market works... Quote
Scarlett Mason Posted September 22, 2014 Report Posted September 22, 2014 To become a successful Forex trader one must do well in demo account.its essential for a newbie.Otherwise the person may become unsuccessful.After some demo trade one can try live trade.Try Forex Live Contest in http://www.fxtrue.com/latest_forex_promotion/details/9/Live_Contest Quote
diablo88 Posted September 29, 2014 Report Posted September 29, 2014 I am also trading both live and demo account in hotforex, they offẻ never expire demo account and I have used it to test my robot and strategy. I think live account of course better but demo account can be used as a tool to improve your trading performance. Quote
usok Posted October 6, 2014 Report Posted October 6, 2014 but for the transition from demo to live i repeat, pls start small, live is a bit different from demo, start very very small. and dont rush things Quote
orni308 Posted October 7, 2014 Report Posted October 7, 2014 I am also trading both live and demo account in hotforex, they offẻ never expire demo account and I have used it to test my robot and strategy. I think live account of course better but demo account can be used as a tool to improve your trading performance. Yeah Demo accounts are very handy when it comes to testing your skills and strategies, its good for both experienced and new traders. Quote
Gaban Posted December 2, 2015 Report Posted December 2, 2015 i think its ok for u to start ur trading bye use demo account, but i just suggest u to don't do it for too long time, cause u will get much more experience by using live account Quote www.instaforex.com
resmana1713006934 Posted June 24, 2016 Report Posted June 24, 2016 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 Quote
binaryowner Posted June 26, 2016 Report Posted June 26, 2016 you should choose live account only after you et enough practice on demo (at least 1 year). You need to have tested trading strategy with thoroughly calculated lot size, TP and SL and always abide by it. I moved on live hotforex only after spending 6 months on their demo testing my trading strategy, preparing it for live trading. Quote
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