$50,000 Demo Account Vs $2000 Demo account. Get in dude..! - Forex Questions and Answers - FXAnswer

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$50,000 Demo Account Vs $2000 Demo account. Get in dude..!

Guys,

You have see many brokers offer upto $100,000 demo account and we would always happy to get in,

Do you think it is good?

Have you ever think when it comes to real account we never gonna deposit $100,000? And when you practice with $100,000, do you think it suits you while you trade with your real account may be with $2000 to $5000?

Does it makes some sense?

- Your opinions are welcome.

7 Answers

In Trading Mindset and Psychology
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- thegreeks
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1 year ago

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1 Vote Certain strategies work more when account balance is more. Try trading with different amounts and seee which suits your style. by Suneetha 1 year ago by Suneetha 1 year ago
0 Votes I think it very tempting and not good for anyone to demo with an account one cann't afford in real life account. I would rather Demo with $2000 and in real account say $10000. by Harold 1 year ago by Harold 1 year ago
0 Votes You should trade whatever the amount which you think you will be trading in the future otherwise you will not feel anything when you loose. You will also not realize that if your loss is big you will be hit by your margin which will close all your trades. by RPT 1 year ago by RPT 1 year ago
1 Vote The amount of your intended capital if possible should be similar to your demo so you would know how to apply money managament to your trading e.g. lot size. However if your demo amount is big, your margin allowance would allow you to practise more than one strategy if you want to. by fxpie 1 year ago by fxpie 1 year ago
0 Votes Certain strategies may require e.g. $10000 demo to practise them meaningfully. If you get good results after 3-4 demo months of practising the same system then opening $500 real a/c might take that winning edge out of your trading idea. by alexeltopo 1 year ago by alexeltopo 1 year ago
0 Votes You should open a demo account relatives to what you will open a real account for. by Warren 1 year ago by Warren 1 year ago
0 Votes i know many people who trade with more than $100 000.00. the demos are simply to let you get your feet in a new strategy etc. by slim 1 year ago by slim 1 year ago

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Certain strategies work more when account balance is more. Try trading with different amounts and seee which suits your style.

Suneetha

1 year ago

Votes

I think it very tempting and not good for anyone to demo with an account one cann't afford in real life account. I would rather Demo with $2000 and in real account say $10000.

Harold

1 year ago

Votes

You should trade whatever the amount which you think you will be trading in the future otherwise you will not feel anything when you loose. You will also not realize that if your loss is big you will be hit by your margin which will close all your trades.

RPT

1 year ago

Vote

The amount of your intended capital if possible should be similar to your demo so you would know how to apply money managament to your trading e.g. lot size. However if your demo amount is big, your margin allowance would allow you to practise more than one strategy if you want to.

fxpie

1 year ago

Votes

Certain strategies may require e.g. $10000 demo to practise them meaningfully. If you get good results after 3-4 demo months of practising the same system then opening $500 real a/c might take that winning edge out of your trading idea.