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Between demo accounts and contests in General Forex Discussion_68922e7c602bf

Between demo accounts and contests

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Vernalta

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Using a demo account is more suitable for practice than a contest account, it is more suitable for when you do tournaments to get prizes.
#931 - July 30, 2023, 07:45:54 AM

Dyandra

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The best way to become a trader is practice using a demo account not using a contest account using a demo account with something mandatory. But a contest account is each other's will, so the difference is very big. When you want to test your method or knowledge, you can use a contest account, but with a note that everything you do must be able to go through and study the demo account first because using a demo account is your life when you are still studying
#932 - August 01, 2023, 09:00:20 AM

aizafx

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Demo account remain useful for learn and practice trading without any risk, in demo account we can test trading strategy, learning to select best risk reward ratio, indicator, etc. Trading in contest will gives another experience to compete with another participants
#933 - August 01, 2023, 09:12:59 PM

Vernalta

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Demo accounts and contest accounts are different, demo accounts are used for training a beginner to become a reliable trader, while contest accounts are used for people who want to take part in competitions or tournaments to get an attractive prize. So which one is more important, definitely a demo account because it's for practice
#934 - August 02, 2023, 08:08:00 AM

Dyandra

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What is certain here is that your obligation is to use a demo account. When you only use a contest account but don't use a demo account, you forget that your main goal has been to become a trader, not just to take part in a tournament.
#935 - August 03, 2023, 08:07:39 AM

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#936 - Today at 11:40:09 PM

Vernalta

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Here I advise you to just focus on using a demo account because using a contest account is only temporary and you will not be able to become a professional trader when only using a contest account because in my opinion people who use a contest account are just for fun and not right -really serious about trading for long term investment and you need to be able to differentiate which one is for the purpose of trading and which one is just for the purpose of getting prizes
#936 - August 04, 2023, 09:37:40 AM

Dyandra

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There is no problem using a demo account and a contest account, in my opinion, because I have also used a contest account so far, no problems and I also use a demo account to practice my strategy and also have no problems, so using either a demo account or a remote contest account is indeed it is important because use demo account for practice whereas use contest account for prize. So you should be able to focus on using a demo account before you do a contest account.
#937 - August 05, 2023, 10:16:11 AM

Vernalta

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Using demo account or contest account I can't choose which one. better because so far indeed I use both these are different points of view. If you want to practice to be able to get a strategy. the good thing is you can use a demo account. When you want to get a contest prize you can. use a contest account but the most. often you use it should use a demo account because account. contests are rare so I think it's better here when you can. running a demo account at the same time You have also been in a contest account.
#938 - August 06, 2023, 08:29:05 AM

Dyandra

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What you have to do here is use a demo account because to help you so you can do the practice method properly and you also have to be able to use the demo account properly and only focus on practicing to become professional using the contest account it can be another day because it has nothing to do with you being a professional being a trader.
#939 - August 07, 2023, 09:17:18 AM

Vernalta

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One of the ways for you to be smart at analyzing is to use a demo account because when you use a demo account, you become the right tactician. When you use a contest account, it's only temporary to take part in a tournament with the intention of getting a prize, but when you use a demo account, the sign is to learn to test your skills and find a good strategy.
#940 - August 08, 2023, 08:57:55 AM

Dyandra

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indeed I agree when someone says when using an account. the demo was not quite right because we couldn't understand psychology well because from the start we already knew that we were. use a demo account. But in my opinion, when you intend to master psychology, you can make a demo account like an account. real capital that uses what you use, that's why we have to be able to use the demo account properly. while the contest account is only for using the way for us. get prizes from contests or tournaments and that's all really not really needed unlike using a demo account which really has to be used for practice
#941 - August 09, 2023, 09:24:10 AM

Vernalta

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Here When you use a demo account or a contest account. Do it your own way. But when you really want to seriously learn, make sure you use a demo account to make it more comfortable for yourself.
#942 - August 10, 2023, 07:40:37 AM

Dyandra

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here the most important thing is when you can use a demo account because using a demo account is very important for us to do well
#943 - August 11, 2023, 07:56:56 AM

Yengoc

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here I just want to say that when you use a demo account the goal is to practice so you are good at analyzing and when you use a contest account the goal is to take part in tournaments to get free money for trading so these two things are very different
#944 - August 12, 2023, 07:53:29 AM

Dyandra

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I like to use a contest account when there is a tournament provided by the broker, but indeed I prefer a demo account because that is for my training as a trader.
#945 - August 13, 2023, 08:01:11 AM
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