Demo account useful for beginners only - page 5
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All need to have demo account
But also all should be aware that execution on demo account has nothing in common to execution on a live account
It is not true that demo account is only useful for beginners, in fact it is more useful for expert traders, when they want to test any new trading system or strategy or any Ea they can easily use demo account for this purpose.
Agree agree agee
First time you find your self in trouble on a live account (and you will) you will know the difference and if demo helped you or not
Demo account is meant for all whether newbie or experts. Any trader can use demo account but it is best for newbie since they have fresh knowledge about forex, and also, to learn how to minimize losses and maximize profits Demo account is almost like a real account. The difference is the money.
Sorry. I can not make same speech with you. Here is no limit of learning in forex market. Daily new indicators and strategy and pattern are creating. So you need to have demo account for all the time you will stay in forex market. Just like forex forum and signals you need to stay with it and also you need to experience new signal and robot and indicator with demo platform. Not via real one.
We can use demo account to make practice in forex trading. It's free risk but i also doesn't mean that we use it for trading without rule. We must maximize demo account as well as possible. By using demo account, we can learn about forex trading and it will be useful when we are trading with real account. The experience will help us to prepare ourselves to face real market situation
Demos are good for learning and if are are not used to get newbies into a gambling net
Demo account is not for newbies only but also for advanced business traders. It is best for newbies because real money is not involved that is why newbies are always advice to use it.
And when they start trading real account for the first time they will no know what hit them
Use demo account for testing strategies, but once when you think you can, the trade live by all means : even a $50 real account is going to teach you 10 times more than a $million demo account. There is no substitute for a real account
Demo account is very helpful to any beginner in forex.With demo trading every newcomer can get lot of knowldge,skills and experience in Forex.