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  1. #1
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    Arrow Demo account is the useful for the newbies traders?

    I thin the demo account is very useful for the newbies trader because it will give us the practice of the trading and knowledge of the trading and i suggest all the traders first practice in the demo account the after you will start the real trading what you think demo account is useful for the newbies traders.

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  3. #2
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    Yes, of course, the demo account is very useful to a newbie since he will be able to practice and he will see how to trade and how he made mistakes or how he made profits. I think is very useful to prevent huge losses and even as old trader, we can use it to test out our games and see how it work out. Of course, we can do it with free money. I will not do it without free money. Now, I think every newbie should do like five hundred trades and then they're ready for the real account.

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    I think that demo account useful to test new indicator or trading system because trader can't use it directly in live account without know these indicator or trading system useful or not to help us in trading. And so demo account is very important for me.

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    Demo account, it is one of the best way to seek knowledge and get free training of the forex training. I think if you get training from it and then enter in the real market then you can easily make your decision it is due to one reason that many Forex trader who enter in the market and spend their money without knowing any strategy of forex.

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    It is important not only for beginner traders but for senior traders and expert traders too. This demo account is starting point for beginner traders to learn about trading platform, it's risky to enter in real account directly. Demo account is important as testing platform before we used new strategy in forex market.

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    Quote Originally Posted by ThunderBolt View Post
    It is important not only for beginner traders but for senior traders and expert traders too. This demo account is starting point for beginner traders to learn about trading platform, it's risky to enter in real account directly. Demo account is important as testing platform before we used new strategy in forex market.
    right, demo account also can be used to test trading strategy, system and it also can be used to take part in demo contest if brokers hold demo contest to their trader. Demo account is very useful, so utilize it as well as possible. We will spend much money if there's no demo account in forex.

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    Quote Originally Posted by uncle gober View Post
    right, demo account also can be used to test trading strategy, system and it also can be used to take part in demo contest if brokers hold demo contest to their trader. Demo account is very useful, so utilize it as well as possible. We will spend much money if there's no demo account in forex.
    Demo contest is a tool for profit apart from the real trading. now FBS contest to rename the FBS Pro contest with prizes totaling $ 1,000 for the top 5.
    another plus is, traders can use the EA so that traders can test the ability of EA

  9. #8
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    You get to lose with fake money so its so much better than losing with real money. You will learn that a demo is one of the best out there in terms of helping you gain skills and so you may avoid losing big time later on. All newbie must learn all of their skills in a demo. There is no such thing as a successful trader who do not know how to use a demo and do not know technical.

  10. #9
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    For sure demo helps us lots to test our strategies and if we really want to become good trader then demo have very important rule. But there was some people who really not want to used demo because of virtual money but we need to think first to learn then trade in real.

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    Demo account, it is one of the best way to seek knowledge and get free training of the forex training. I think if you get training from it and then enter in the real market then you can easily make your decision it is due to one reason that many Forex trader who enter in the market and spend their money without knowing any strategy of forex.

  12. #11
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    Trading with a small deposit is the safest thing, but the small deposit goes away quickly sometimes in a matter of few hours or minutes depending on the broker and the leverage. People have to understand that the Demo exists only to attract fresh and new investors eager to try their luck on the forex market. So is demo real or not. Some demos are more real and some are less. Again depends on the broker and how honest they are.

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    It is easy to start trading on FOREX, the complication appears when you want to trade with profit. A lot of people mistakenly consider FOREX as a kind of gambling, where everything depends on the luck. But this is not true. In order to receive stable profit, theoretical knowledge is required. This knowledge must be followed by practice. In order to test your trading skills, not having experience in trading and not taking risks using own funds, you have a chance to open a practice account.

  14. #13
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    About demo accounts, they become almost a necessity for the newbie traders who are looking to start off their trading career in Forex. Demo account gives us the facility to trade in the Forex market through virtual currencies and without risking our real money. Once the trader has developed all the necessary knowledge and skills, then he can witch to real account trading.

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    For sure the simulation via a demo account in forex important but when I tried it, I did not find a sense of greed, emotion, or any other ugly trait. But the advantage of the demo account is that we know how to trade in forex, and we can make the strategy here but may be difficult for beginners.

  16. #15
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    This is one of the most important features on forex trading, not only for the newbie, but for the professional trader as well. Trading with the demo account is a must first to test how good our strategy there is. In demo account, the traders can experiment any strategies they wanted with any lot size, amount of deposit. I always think first to try it in demo if will have good outcome or not so we can find the suitable strategy we can use in real account.

  17. #16
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    Select the leverage and the balance in the demo account similar to the actual amount you are going to invest in forex, So that you can access your progress. Demo account is a best way to learn and test your strategies. And it is our first trial before we used real account, it can be used for testing our new strategy too.

  18. #17
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    Demo account is usually what a new members in forex used. This is the way on how to learn trading without loosing anything and gaining anything. It's also important for the preparation for a live account. So before they might go for the live account, they should learn how to do it in demo account.

  19. #18
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    Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy. I think that demo account is a good way to test your broker terminal before you put your money.

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    If we need to find what combination of indicators to use to be successful in trading better apply them in demo trading for some time. I think that we should do this to be safe and not lose money. Better we try to choose a server that is rarely used by traders, such as that provided by several brokers.

  21. #20
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    It will be useless to use strategy which is not working when we used it directly in real account. We will suffer some bucks for nothing. I think that demo account useful to test new indicator or trading system because trader can't use it directly in live account without know these indicator or trading system useful or not to help us in trading.

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