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Author Topic: difference between demo and real account  (Read 45953 times)

Offline shubhamkaushik90

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Re: difference between demo and real account
« Reply #180 on: January 02, 2020, 06:49:02 AM »
Hi there, I managed to complete the EA with a friend that works beautifully on a demo account. I would like to ask how much they are different demo and real accounts with ECN brokers .. the subject's astonishment, therefore I apologize for the new thread. Thank you .. Jonas from Czech Republic

hello,
Using and demo account will make you learn about the basics of trading, and it will make you more and more flexible by trading using an demo account.
In which you will be using virtual money to trade with.

After being comfortable with basics of trading, you can then opt for the live accounts, so that you can trade with your funds. And will be able to invest yours funds in the right direction.

Offline fxopen78

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Re: difference between demo and real account
« Reply #181 on: January 03, 2020, 09:56:59 PM »
Demo account is a dummy account that enables new traders to perform all trading activities without risking real money. It will be right to say, Demo account is the live simulation. With demo account trader trade with fake money while with live account trade with real money.
The demo is useful, but this is not reflected overall trading result in live account, there are a term of difference between two, main point is about psychology trading, then about server demo and real is different, good trading in the demo account, not sure will good also in real account

Offline Redcliff

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Re: difference between demo and real account
« Reply #182 on: January 19, 2020, 08:50:07 AM »
There are a lot of opinions on this and everyone is right in his own way, but Ill say that you still should not ignore the demo account.

Offline fxopen78

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Re: difference between demo and real account
« Reply #183 on: January 19, 2020, 10:37:09 PM »
There are a lot of opinions on this and everyone is right in his own way, but Ill say that you still should not ignore the demo account.
As a newbie, needs to use the demo account, it will better not rush to jump in real account, although demo account can't built up good psychology trading, we can practice to implemented any strategy and system trading with free of risk.

Offline Jugal

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Re: difference between demo and real account
« Reply #184 on: January 21, 2020, 08:33:21 AM »
Well, almost all the options have already been put forward, what is the difference and what should not be a difference, I agree with many.

Offline fxopen78

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Re: difference between demo and real account
« Reply #185 on: February 02, 2020, 09:43:43 PM »
Psychological difference is the most case between demo and real account, because since trading in demo account only use virtual money, no effect on emotion, since trading in a real account will involved emotion and this influence during trading, fear, greedy and so on

Offline karq

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Re: difference between demo and real account
« Reply #186 on: February 14, 2020, 06:23:35 AM »
The difference between them is that Demo helps beginners to get familiar with the aspects of trading carefree(without risk). Its a tool that helps one to practice trading or to test a new trading strategy without any risk to actual money. As for a the real or live account there are risk factors and also if you don't have an strategy or plan on what your doing its going to be just loss.

Offline bradleyjinx

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Re: difference between demo and real account
« Reply #187 on: February 14, 2020, 02:02:43 PM »
the biggest mistake that people are making - they think that they would be able to trade FEARLESS with the same amount of money on live as they did on demo.
there is a phycological pressure.
and sometimes it's really hard to overcome it.
I've already won a lottery - I was born in the USA!

Offline fxopen78

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Re: difference between demo and real account
« Reply #188 on: February 15, 2020, 01:51:09 AM »
Demo account usually starts with huge capital, this is main difference in the demo and real account which usually start with smaller capital, if on demo use 5000$ its big capital, but since in real account use less than 200$ is very different, so often good trading performance in the demo but fail in real trading.

Offline Sebastian90

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Re: difference between demo and real account
« Reply #189 on: March 23, 2020, 11:33:51 AM »
A trader who trades on a real account will likely try to close the trade in profit or at breakeven. ... There are many traders who manage to make a profit while demo trading, but start losing money once they switch to a live account. No Real Consequences Demo accounts provide a risk-free trading

Offline fxopen78

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Re: difference between demo and real account
« Reply #190 on: March 24, 2020, 01:52:32 AM »
A trader who trades on a real account will likely try to close the trade in profit or at breakeven. ... There are many traders who manage to make a profit while demo trading, but start losing money once they switch to a live account. No Real Consequences Demo accounts provide a risk-free trading
There are different psychological factor during trades on a demo account since trade in demo account as a trader will never felt scared to losing money, its free of risk, but since in real account trading, as a trader will facing many sorts of emotion, greedy, scary to lose, anxiety, etc.

Offline drunkfx

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Re: difference between demo and real account
« Reply #191 on: March 24, 2020, 06:51:50 AM »
the biggest mistake that people are making - they think that they would be able to trade FEARLESS with the same amount of money on live as they did on demo.
there is a phycological pressure.
and sometimes it's really hard to overcome it.

Yes and causes a kind of reckless attitude towards possible outcomes, i.e. making luck the basis of trades instead of cold calculation.

Offline Eliza Abrams

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Re: difference between demo and real account
« Reply #192 on: March 24, 2020, 09:35:37 AM »
I agree, I've seen people - including myself - fall into that trap. It's a big mistake.

Offline akev

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Re: difference between demo and real account
« Reply #193 on: March 25, 2020, 09:49:32 AM »
Demo account is mostly for the purpose of beginners to show how the live trade works and to build up strategies.

Offline 2cuteEssence

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Re: difference between demo and real account
« Reply #194 on: March 25, 2020, 07:44:39 PM »
Demo is a great tool for training, the main thing is to take your time and develop such a responsibility for yourself, as if you are working with real money because otherwise, you can become a gambler, and it will be harder for you in the real market.

 

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