Forex Zone - Forex Forum

Is there paractice on demo is enough in forex? in General Forex Discussion_67f83ac065b44

Is there paractice on demo is enough in forex?

Discussion started on General Forex Discussion

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
Using a demo account to practice is a normal thing in forex trading. I'm sure all traders have used a demo account, no matter how strong they trade or how smart they are.
#751 - March 17, 2024, 09:22:13 AM

  • Hero Member
  • Posts: 7558
  • Points: 138
  • Likes Received: 25
  • Reputation: +0/-0
If you can, it should be enough because if you force it then it will be a difficult thing for you because when you become someone who knows about techniques, you should immediately use a real account.
#752 - March 18, 2024, 09:59:19 AM

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
Many people fail to trade on a live account because they are too confident with the results on a demo account. I think it's a good idea not to rely too much on demo accounts and in my opinion just a demo account will not be enough.
#753 - March 18, 2024, 10:29:16 AM

Sponsored

Is there paractice on demo is enough in forex? in General Forex Discussion_6803a6c52eb12
#754 - Today at 11:44:12 AM

  • Hero Member
  • Posts: 598
  • Points: 114
  • Likes Received: 3
  • Reputation: +2/-0
I don't know whether it's enough or not, but what is clear is that when you feel that it's enough, you should stop so that you don't make mistakes in the future.
#754 - March 19, 2024, 08:35:10 AM

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
If our goal is just to test a technique whether it is profitable or not then in my opinion you can just use a demo account, because if you use a real account you will lose your money if the technique doesn't work well.
#755 - March 19, 2024, 11:45:33 AM

  • Hero Member
  • Posts: 7558
  • Points: 138
  • Likes Received: 25
  • Reputation: +0/-0
If you learn and you can make a profit, you should also be there because when you use a demo account you have to have time.
#756 - March 20, 2024, 09:50:54 AM

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
Sometimes when practicing on a demo account it can also fail, but we can be aware of and anticipate this possibility if we look at certain market conditions, for example by using several indicators.
#757 - March 20, 2024, 09:54:00 AM

  • Hero Member
  • Posts: 19260
  • Points: 74
  • Likes Received: 4
  • Reputation: +0/-0
If you can, it's definitely enough for you to use a demo account and it's time for you to use a real account.  So there is a time for all of that, so you don't need to worry.
#758 - March 21, 2024, 07:28:43 AM

  • Hero Member
  • Posts: 20250
  • Points: 77
  • Likes Received: 10
  • Reputation: +0/-0
If you can use a demo account, don't use it. As long as you can't, it's not enough to continue trading.
#759 - March 22, 2024, 09:06:58 AM

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
I see that if it's just a demo account, I don't think it's enough because the risk to profit ratio in a demo account is often ignored by traders, which actually results in poor risk management.
#760 - March 22, 2024, 11:17:03 AM

Sponsored

#761 - Today at 11:44:12 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
It's enough if you have mastered and are professional in analyzing. It's time for you to continue using a real account and that is indeed a good effort in my opinion
#761 - March 24, 2024, 04:48:49 AM

  • Hero Member
  • Posts: 598
  • Points: 114
  • Likes Received: 3
  • Reputation: +2/-0
It all depends on what you can do. If you have gained knowledge on a demo account, then you can trade on a real account and that is one of the important options.
#762 - March 26, 2024, 03:40:24 AM

VIP
  • Hero Member
  • Posts: 19497
  • Points: 3496
  • Likes Received: 236
  • Reputation: +4/-0
I think just use a demo account if you want to practice and for the rest, if you are ready, use a real account. But it is not uncommon for traders who have been on a real account for a long time to practice again on a demo account when they often lose
#763 - March 26, 2024, 08:42:18 PM

  • Hero Member
  • Posts: 598
  • Points: 114
  • Likes Received: 3
  • Reputation: +2/-0
When you practice using a demo account, it will be considered sufficient. When you understand how to use it, you must be able to use it so that you are smart.
#764 - March 28, 2024, 03:20:26 AM

  • Hero Member
  • Posts: 19260
  • Points: 74
  • Likes Received: 4
  • Reputation: +0/-0
I don't know whether it's enough or not but what I know when you use a demo account is you yourself.
#765 - March 29, 2024, 06:51:59 AM

Members:

0 Members and 1 Guest are viewing this topic.



Elementor Website Builder