Demo versus Live Trading

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Hi all

Very new to all this forex trading stuff.

Basic question:- what differences (if any) do you find between trading on a demo account and trading on a live account?

Many thanks

H28Sailor

 

Basically there is no different between demo and real if you are not scalping. Scalping is having take profit of less than 20 pips.

95% of forex traders loose money. Are you sure that you want to be another victim? You have to figure out your trading edge/advantage before you get started in this game.

 
winsor:
Basically there is no different between demo and real if you are not scalping. Scalping is having take profit of less than 20 pips.95% of forex traders loose money. Are you sure that you want to be another victim? You have to figure out your trading edge/advantage before you get started in this game.

I think both are the same, but one important thing is the loss, for demo, you won't be worried about losing money.

 

A Forex demo account is your first hands-on experience as a trader in the Forex market. In addition to opening a demo account you need to get the proper training and education while you are learning and practicing, before opening a live account.Most people learned how to swim by being thrown in a deep pool by their caring guardian and left alone for a while to figure it out and find their way out of the water. You might not be a big fan of a bootcamp strategy like that, but it has been done for centuries because it had great results. We usually do not know our ability and strength until we are pushed to learn them.Go ahead pick a broker that will give you a free demo account and play with it. If you keep at it you will learn more in couple of days of trading than you would have by reading literature on it day and night for months. We learn better when we feel the pain, when we can see the results of our actions.

 
winsor:
Basically there is no different between demo and real if you are not scalping. Scalping is having take profit of less than 20 pips. 95% of forex traders loose money. Are you sure that you want to be another victim? You have to figure out your trading edge/advantage before you get started in this game.

Every trader is thinking that he is in 5% for sure!

 

Of course! But you should have large knowledge base for it. Only very lucky newbie can reach that 5% of traders.

 

You can increase your chance if would use forex system! Is anybody disagree with me?

 

if you get the answer please forward it me as well.... thanks

 

I think forex demo account is for learning and in real account you have invest with real money their high risk to loss your money in real market and in demo account you can not loos money as it is just demo account not real money.

 

We can use demo account to start trading and learn about trading further more. In demo trading, we will not get real risk and we can get trading experience that we can use in real trading. But we must remember, that there are differences about demo and real trading, so we have to be careful when trading in real account. Try to start trading using bonus, like the posting bonus, welcome bonus etc.

 

Gained 49.5 pips on last Friday.

Open Date Close date Symbol Action Lots SL(Price) TP(Price) Open Price Close Price Pips Net Profit Duration Gain

tag

05.24.2013 12:25 05.24.2013 13:40 EURUSD Buy 0.02 1.29480 1.29990 1.29745 1.29771 2.6 0.52 1h 15m 0.02%

tag

05.24.2013 11:20 05.24.2013 12:15 EURUSD Buy 0.02 1.29534 1.29996 1.29687 1.29837 15.0 3.00 55m 0.12%

tag

05.24.2013 11:25 05.24.2013 12:15 EURUSD Buy 0.02 1.29552 1.30084 1.29746 1.29841 9.5 1.90 50m 0.07%

tag

05.24.2013 11:20 05.24.2013 11:28 EURUSD Buy 0.02 1.29534 1.29996 1.29687 1.29828 14.1 2.82 8m 0.11%

tag

05.24.2013 11:25 05.24.2013 11:28 EURUSD Buy 0.02 1.29552 1.30084 1.29746 1.29829 8.3 1.66 3m 0.06%

tag

05.23.2013 18:49 05.24.2013 04:36 EURUSD Sell 0.02 1.29688 1.28974 1.29318 1.29159 15.9 3.19 9h 47m 0.12%

tag

05.23.2013 18:52 05.24.2013 02:31 AUDUSD Sell 0.02 0.98312 0.97076 0.97635 0.97074 56.1 10.98 7h 39m 0.43%

I hope we can have cooperation in future. Skype= SourceCodeFX

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