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Author Topic: difference between demo and real account  (Read 45194 times)

Offline Khan00

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Re: difference between demo and real account
« Reply #195 on: December 03, 2020, 02:56:34 PM »
From my understanding a demo account helps traders to practice trading beforehand and determine the potential risks of trading since, they get to trade in a risk-free environment. As for a live account trading is meant for traders who are experienced enough to calculate their risks and place accurate or profitable trades.

Offline drunkfx

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Re: difference between demo and real account
« Reply #196 on: December 06, 2020, 06:06:19 PM »
From my understanding a demo account helps traders to practice trading beforehand and determine the potential risks of trading since, they get to trade in a risk-free environment. As for a live account trading is meant for traders who are experienced enough to calculate their risks and place accurate or profitable trades.
Yeah demo account is great to see how things work in general, unfortunately the knowledge that makes you money can be extracted only from practice on real account.

Offline fxopen78

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Re: difference between demo and real account
« Reply #197 on: December 08, 2020, 12:20:18 AM »
Demo account indeed help us to learn at beginning trading, it's good if willing to spent in demo account at least six months or more and make sure in demo really understand with their strategy, because success in demo help later in real although not guarantee because the emotion in live trading is different

Offline Jacob

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Re: difference between demo and real account
« Reply #198 on: December 17, 2020, 02:46:40 PM »
It is true that demo account is helpful during initial stages of forex trading but unfortunately the only way to experience real trading that makes money can be only made from practice on a real account.

Offline fxopen78

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Re: difference between demo and real account
« Reply #199 on: January 14, 2021, 11:37:09 PM »
Demo account sometimes used by a trader to backtest any trading strategy or robot trading after in backtest strategy tester giving good trading result, however, a demo account will never giving emotion pressure, and its common case if success in demo not reflected success in real trading too

Offline Jacob

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Re: difference between demo and real account
« Reply #200 on: April 20, 2021, 04:39:36 PM »
"In my view, I find that the demo account is useful for both beginners to learn about forex and experienced traders to try backtest any trading strategy or robot trading.

The real account is used to make profits by taking certain risks and using the best strategy that has been used in the demo account."

Offline fxopen78

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Re: difference between demo and real account
« Reply #201 on: April 20, 2021, 11:17:44 PM »
"In my view, I find that the demo account is useful for both beginners to learn about forex and experienced traders to try backtest any trading strategy or robot trading.

The real account is used to make profits by taking certain risks and using the best strategy that has been used in the demo account."

Spent time to use demo account I think will help any trader to get more experience in real market condition with virtual money, but sometimes any trader already working good in demo trading, but they fail in the real trading account, the main factor about psychology in real trading account very different with demo trading account.

Offline drunkfx

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Re: difference between demo and real account
« Reply #202 on: May 16, 2021, 06:47:07 AM »
"In my view, I find that the demo account is useful for both beginners to learn about forex and experienced traders to try backtest any trading strategy or robot trading.

The real account is used to make profits by taking certain risks and using the best strategy that has been used in the demo account."

Many trading systems, especially momentum-based ones which produce good results on demo, often trade at loss in live account. So backtesting is really tricky thing, sometimes you have to do some adjustments that make the strategy viable on live and at the same time retain an edge.

Offline fxopen78

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Re: difference between demo and real account
« Reply #203 on: May 16, 2021, 11:00:24 PM »
There are some difference as the reason why in live account often fail, meanwhile trading in demo often succeed, first and become most reason is demo account without involved emotion, while in live involved emotion, second in demo account usually start with high capital more than 5k USD, meanwhile in real trading only use $100, Third reason is about trading server, in demo account usually run smoothly without delay, meanwhile in the real trading server if very busy can influence on the execution order.

Offline drunkfx

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Re: difference between demo and real account
« Reply #204 on: June 01, 2021, 07:26:40 PM »
That's why newbie trades should spend minimal time on demo after learning functionality they have to switch on live to avoid common mistakes like being emotionally unprepared when switching on live and keep lax risk controls that they used on demo.

 

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