Forex Zone - Forex Forum

Is there paractice on demo is enough in forex?

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
Don't ever get bored if we practice on a demo account, maybe when we practice we spend a lot of time, but later it will provide more profits in the form of money when we practice on a real account.
#736 - February 07, 2024, 03:04:52 AM

  • Hero Member
  • Posts: 54263
  • Points: 433
  • Likes Received: 68
  • Reputation: +18/-46
If you feel you are smart enough to analyze and open positions and maintain your money management then I think you can immediately open a real account, but as long as you can't analyze and open positions well then you are obliged to continue using a demo account.
#737 - February 10, 2024, 01:35:12 AM

  • Hero Member
  • Posts: 51460
  • Points: 555
  • Likes Received: 44
  • Reputation: +53/-46
There are no words for practicing enough. The more you practice, the more professional you become. The more you practice, the more grounded you are in using that knowledge, so make sure to always use a demo account.
#738 - February 13, 2024, 02:35:04 AM

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
The function of a demo account is to practice, while we trade on a real account to get real money, so of course you won't always use a demo account.
#739 - February 13, 2024, 08:44:21 AM

  • Hero Member
  • Posts: 17260
  • Points: 473
  • Likes Received: 34
  • Reputation: +51/-45
Using a demo account is enough if you can analyze well, but if you can't analyze well, you should continue to practice because it is for your comfort.
#740 - February 20, 2024, 05:17:26 AM

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
the methods and characteristics of demo and real accounts are the same. The next thing we need to do is practice on a demo account first and don't go back to where you have lost on a real account then move to a demo account.
#741 - February 20, 2024, 06:15:16 AM

  • Hero Member
  • Posts: 54263
  • Points: 433
  • Likes Received: 68
  • Reputation: +18/-46
I think using a demo account is enough when you can trade and use it to carry out analysis and in my opinion that is your obligation.
#742 - February 26, 2024, 03:54:04 AM

  • Hero Member
  • Posts: 51460
  • Points: 555
  • Likes Received: 44
  • Reputation: +53/-46
If you are currently using a demo account, in my opinion, to be considered sufficient then you must be able to get consistent profits. You must be able to create your own techniques there.
#743 - March 02, 2024, 03:43:34 AM

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
I think just focusing on the demo account will not be enough, we also have to have a plan for how long we will trade on the demo account, because if we use the demo account for too long I think it will affect the psychology.
#744 - March 02, 2024, 01:08:35 PM

  • Hero Member
  • Posts: 51460
  • Points: 555
  • Likes Received: 44
  • Reputation: +53/-46
Using a demo account depends on you. If you are smart then you can continue using a real account, but if you still can't then you should focus on a demo account.
#745 - March 09, 2024, 01:55:57 AM

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
If you are a forex trader who wants to increase your profits, then don't practice too long on a demo account because in my opinion it's not enough, maybe when you enter a real account you will also experience a little loss.
#746 - March 09, 2024, 05:47:23 AM

  • Hero Member
  • Posts: 51460
  • Points: 555
  • Likes Received: 44
  • Reputation: +53/-46
Using a demo account can be considered sufficient if you have made high profits and obtained profits from the way you trade.
#747 - March 14, 2024, 03:47:44 AM

  • Hero Member
  • Posts: 12037
  • Points: 755
  • Likes Received: 31
  • Reputation: +2/-0
Real money is specifically prepared for trading. Because there are times when you experience losses when trading, but if you only use a demo account then of course you won't be able to make real money even if you make a profit.
#748 - March 14, 2024, 05:45:03 AM

  • Hero Member
  • Posts: 54263
  • Points: 433
  • Likes Received: 68
  • Reputation: +18/-46
using a demo account is considered sufficient when you can trade well because using a demo account doesn't need to be careless, it can't be used arbitrarily
#749 - March 16, 2024, 04:11:26 AM

  • Hero Member
  • Posts: 51460
  • Points: 555
  • Likes Received: 44
  • Reputation: +53/-46
A demo account is sufficient because when you use the demo account well, you can get high profits and this will provide a solution for you to be successful.
#750 - March 17, 2024, 04:14:08 AM

Members:

0 Members and 1 Guest are viewing this topic.