Forex Zone - Forex Forum

Demo or  Real account for Practice (advice) in General Forex Discussion_6825f0acc9f09

Demo or Real account for Practice (advice)

Discussion started on General Forex Discussion

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
If you have found a technique that you like and is suitable for you then the next step is to practice, and for practice it is best not to use a real account because there is already a demo account provided by the broker, you can use this demo account as much as you like, because even if you make multiple margin calls This time it will not make you lose your money
#1021 - January 26, 2024, 11:04:21 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Using a demo account is a definite thing that you should do as a trader. Using a demo account is mandatory for beginners who want to know how to trade foreign exchange.
#1022 - January 28, 2024, 04:32:19 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
What is called practice is that we do something that is not real but with conditions that are exactly like what we will do in reality later, therefore of course for practice we cannot use a real account and we must use a demo account.
#1023 - January 28, 2024, 06:20:42 AM

Sponsored

Demo or  Real account for Practice (advice) in General Forex Discussion_6803a6c52eb12
#1024 - Today at 05:24:41 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Using a demo account for practice is indeed good. When you use a demo account for practice, it will make whatever you do better and become more focused on being able to win.
#1024 - January 31, 2024, 04:16:30 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
In my opinion, we should use a demo account because sometimes we can lose and this is a mistake that can only be corrected if we want to be consistent with what we do, when we try on a demo account there is no risk.
#1025 - January 31, 2024, 10:42:59 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Practicing using a demo account is a good form of practice that you should do since you are still a beginner using a demo account. You should be able to use it well so that the results will be more mature when using a real account.
#1026 - February 02, 2024, 06:53:20 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Using a demo account for beginners is mandatory for practice. Without using a demo account, you may find it difficult to practice well and this will hinder you as a trader.
#1027 - February 07, 2024, 12:59:36 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
Maybe you don't like practicing with a demo account and prefer a real account. Trader is a job that doesn't have to deal with complicated choices, in my opinion just do it where you will practice comfortably.
#1028 - February 07, 2024, 08:32:23 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The function of a demo account is for practice, especially for beginners, so don't make the mistake of not using a demo account because it is very dangerous if you don't use a demo account.
#1029 - February 10, 2024, 04:05:03 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
using a demo account or a real account must be able to run well, but for this problem you are obliged to use a demo account in your own learning
#1030 - February 20, 2024, 01:29:26 AM

Sponsored

#1031 - Today at 05:24:41 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
When you practice with a demo account, it generally requires time and a more patient commitment, because many traders cannot stand practicing with a demo account and as a result when trading on a real account they end up losing.
#1031 - February 20, 2024, 06:45:17 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When you use a demo account for practice it will make you focus on executing trades well.  This is because the function of a demo account is used for thorough practice
#1032 - February 27, 2024, 12:48:30 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
When you want to make financial transactions, it is important to practice first on a demo account, because if you lose money on a real account, even if it is a small amount, it will cause you to despair because you have lost money.
#1033 - February 27, 2024, 01:09:30 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Definitely use a demo account. In my opinion, the most important thing here for learning is not learning when you are a beginner but using a real account
#1034 - March 05, 2024, 06:10:09 AM

VIP
  • Hero Member
  • Posts: 20414
  • Points: 2266
  • Likes Received: 510
  • Reputation: +4/-0
Before thinking about whether to use a demo or real account for practice, the first step is to learn to consistently apply it because this is the keyword that will be your success whether you are practicing or later when you are in real trading.
#1035 - March 05, 2024, 09:10:03 PM

Members:

0 Members and 1 Guest are viewing this topic.



Elementor Website Builder