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Forex Zone - Forex Forum
General Category
General Forex Discussion
Demo or Real account for Practice (advice)
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Demo or Real account for Practice (advice)
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Re: Demo or Real account for Practice (advice)
Ikhtiar
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Like a boxer, he trains, not in real matches, that's why to practice in forex trading you have to use a demo account first.
#946
- October 25, 2023, 12:44:16 AM
Re: Demo or Real account for Practice (advice)
Vernalta
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What is called practice is definitely using a demo account, it is impossible for you to practice using a real account and you have to be able to use this and you have to be able to understand it, so hopefully now for practice you will definitely use a demo account.
#947
- October 26, 2023, 12:55:46 AM
Re: Demo or Real account for Practice (advice)
Ikhtiar
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You need a minimum of tens of thousands of dollars to practice in real life if you want to trade for a living, so don't rush into using a real account to practice, you have to be patient and practice on a demo account.
#948
- October 26, 2023, 12:59:19 AM
Re: Demo or Real account for Practice (advice)
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Re: Demo or Real account for Practice (advice)
Dyandra
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Using a demo account is important for practice because after all, using a demo account for practice will make you enthusiastic and enable you to carry out trading activities with very comfortable results.
#949
- October 27, 2023, 01:14:34 AM
Re: Demo or Real account for Practice (advice)
Ikhtiar
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On a demo account we can freely use whatever capital we want, so for practice a demo account is very good, but look for a broker who provides a demo account that doesn't expire.
#950
- October 27, 2023, 12:25:03 PM
Re: Demo or Real account for Practice (advice)
Vernalta
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Of course, using a demo account here is important because after all, using a demo account is a good thing, where a beginner is required to use a demo account to carry out in-depth research and practice.
#951
- October 29, 2023, 06:07:19 AM
Re: Demo or Real account for Practice (advice)
Ikhtiar
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If you intend to train your ability to be patient or train psychology, maybe you could try a real account, but in the form of a micro account for practice.
#952
- October 29, 2023, 06:38:56 AM
Re: Demo or Real account for Practice (advice)
Dyandra
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Using a demo account is a good tool that can be used by beginners, therefore it is very important for us to trade well and be able to get stable and smart profits.
#953
- October 29, 2023, 06:55:57 AM
Re: Demo or Real account for Practice (advice)
Vernalta
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What is certain here is that when you always use a demo account, this is a good thing because beginners are required to always use a demo account appropriately.
#954
- October 30, 2023, 04:01:11 AM
Re: Demo or Real account for Practice (advice)
Ikhtiar
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If you practice on a real account, it requires patience to refrain from focusing primarily on the final goal. Several ways to carry it out are by making a trading plan and writing it in a book or often called a journal.
#955
- October 30, 2023, 04:03:43 AM
Re: Demo or Real account for Practice (advice)
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Re: Demo or Real account for Practice (advice)
Dyandra
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Using a demo account is indeed quite good for doing exercises to do research on the method you will use. Using a demo account is a good way for you to develop your skills.
#956
- October 31, 2023, 04:10:56 AM
Re: Demo or Real account for Practice (advice)
Vernalta
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I feel that using a demo account for practice is more important because when you practice you always use a demo account, not a real account with real capital.
#957
- November 01, 2023, 04:16:45 AM
Re: Demo or Real account for Practice (advice)
Dyandra
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Using a demo account is something that is really needed for beginners because after all, using a demo account will work properly for yourself
#958
- November 02, 2023, 03:10:53 AM
Re: Demo or Real account for Practice (advice)
Ikhtiar
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By practicing on a real account you can manage risks wisely, set realistic goals and of course your psychology can be more easily formed.
#959
- November 02, 2023, 03:29:57 AM
Re: Demo or Real account for Practice (advice)
Vernalta
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When you use a demo account, of course it's for practice, maybe you're using a strong Sung account for practice, therefore you have to remember that the demo account is for practice, a real account for trading with real money.
#960
- November 03, 2023, 03:12:15 AM
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