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Demo or Real account for Practice (advice) in General Forex Discussion_67f83ac065b44

Demo or Real account for Practice (advice)

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Yengoc

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some good forms of practice are definitely using a more regular demo account
#796 - May 26, 2023, 01:33:37 AM

Vernalta

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the use of a demo account will definitely be good if it is used for correct and clear practice
#797 - May 27, 2023, 06:18:01 AM

Yengoc

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using a demo account can make us clearer
#798 - May 28, 2023, 01:41:35 AM

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Demo or Real account for Practice (advice) in General Forex Discussion_6803a6c52eb12
#799 - Today at 07:04:06 AM

Ikhtiar

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The demo account allows you to practice and test trading strategies without the risk of losing real money. It is a good way to understand the basics of trading, testing indicators and analysis tools
#799 - May 29, 2023, 12:03:44 PM

Dyandra

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the use of a demo account can be the main thing that you really have to form comfortably
#800 - May 29, 2023, 03:20:26 PM

Nettawa

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using a demo account can make us happier to practice
#801 - May 30, 2023, 03:04:42 AM

Dyandra

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actually you already know the answer to a question like this, namely using a demo account because it is impossible for a trader to practice using a real account, especially with large capital
#802 - May 31, 2023, 12:43:40 AM

Kardel Sharpeye

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For practice in the forex trading industry, both demo and real accounts have value. Demo accounts provide a risk-free environment to learn and test strategies. They help traders understand the platform and gain confidence. However, transitioning to a real account is crucial to experience real market conditions and emotions. Start with a small amount of capital, trade with caution, and gradually increase position sizes. Real accounts enforce discipline and teach valuable lessons. Combining demo practice with live trading allows for a comprehensive learning experience. It's advisable to balance both approaches to develop skills, build resilience, and improve decision-making in forex trading.
#803 - May 31, 2023, 06:26:26 AM

aphelion

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It's much more interesting to take part in some contest, knowing that you can get a prize a trader learns more diligently, a beginner needs motivation to learn, in my opinion money is the best motivator in learning. In my opinion, it's better to earn those points, points, bonuses on the forum and then try to lose them, or keep them for a long time in trading, it's not easy.
#804 - May 31, 2023, 07:14:22 AM

Kardel Sharpeye

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Using a demo or real account for practice in the forex trading industry depends on your stage of learning and experience. Demo accounts are ideal for beginners as they provide a risk-free environment to learn the basics, practice strategies, and understand platform functionalities. They allow you to familiarize yourself with the market without risking real money. However, demo accounts lack the psychological aspect of trading with real funds.

Transitioning to a real account is crucial to gain a realistic trading experience. It introduces emotions and challenges associated with real-money trading. Real accounts involve risk, but they also offer opportunities for profit and growth. Start with a small live account and gradually increase position sizes as you gain confidence and consistency.

Combining both approaches can be beneficial. Use a demo account initially to practice and refine your strategies. Once you feel comfortable and have a solid understanding of the market, switch to a real account to apply your skills in a live trading environment. Remember to manage risk effectively, regardless of the account type you choose.
#805 - June 01, 2023, 12:27:01 AM

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#806 - Today at 07:04:06 AM

Vernalta

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I always use the demo account In various ways for practice because it is a habit
#806 - June 01, 2023, 12:50:05 AM

Kardel Sharpeye

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When starting in the forex trading industry, it is advisable to begin with a demo account for practice. Demo accounts allow you to learn and familiarize yourself with the trading platform, test strategies, and gain confidence without risking real money. It's a valuable learning tool to understand market dynamics and refine your skills. However, transitioning to a real account is crucial to experience the psychological and emotional aspects of trading with real money. Start with a small amount and gradually increase your capital as you gain proficiency. Real accounts involve real risks and emotions, which can impact decision-making. Balancing practice on a demo account and trading with real money helps build a solid foundation while minimizing potential losses. Ultimately, both demo and real accounts play complementary roles in preparing you for successful trading in the forex industry.
#807 - June 02, 2023, 04:27:21 AM

Dyandra

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as a form of practice using a demo account will be easier if used correctly
#808 - June 02, 2023, 08:29:47 AM

Yengoc

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Serious students seem to be able to use the demo account because it does work well.
#809 - June 03, 2023, 04:27:48 AM

Dyandra

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demo account is used for learning don't ever use a real account for learning
#810 - June 04, 2023, 04:26:57 AM
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