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Can demo accounts tests our reliability?
My first orders on a demo account have been a tremendous progress to me.I like to know if demo accounts are true determinants of one's ability.Please leave me some suggestions.
- 5 Answers
- In Forex Platforms
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- thegreeks
- 251 Views
- 1 year ago
Answers
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If you take demo seriously, and practise, practise, practise until you have gained a level of skill and confidence in trading, it is just the start. |
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Demo and real trading are too different things,but trading start from some where which is demo. |
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I don't think it can test your reliability but it can build your confidence in a strategy. Once you start trading live "fear and greed" may take over you and make you trade differently as when you trade on demo. |
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The performance in demo account is not a reliable indicator of our performance in trading with real money. |
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You should able to test your strategy if you take it seriously. That is what demo for. However a lots of people don't take it serious enough and thought well it is just a demo, if it is real I won't do this or do that. IMO, Wrong! |
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