practicing with minimal demo account - Forex Questions and Answers - FXAnswer

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practicing with minimal demo account

try to open the smallest account (related to lot size, leverage, minimal trade open) and see what you can learn from managing it and how long it takes to build it up before it collapses. what is your insights, and how if, at all, it sharpens your skills of trading?

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- Bbn
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1 year ago

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0 Votes I found that after trading on demo account to practise trading, it was a waste of time, there was one major and very important downfall to trading with demo account, you do not control your emotions. I suggest once you have a good understanding with forex using a demo account, you should then open a micro account with $50 and practise controlling your emotions. by Nudge 1 year ago by Nudge 1 year ago
0 Votes It is fine to learn trading mechanism by using demo account first. However, please be reminded that we have to trade demo account similar to actual account to test out our trading methodology. by Kingpin 1 year ago by Kingpin 1 year ago
0 Votes It is in the interest of anybody that want to become a trader to first demo trade to have enough confidence in his system of trading,have a feel of self psycology in managing a trade. We know there is no holy grail in trading not withstanding there are still systems that can win in the market . by Harold 1 year ago by Harold 1 year ago

Votes

I found that after trading on demo account to practise trading, it was a waste of time, there was one major and very important downfall to trading with demo account, you do not control your emotions. I suggest once you have a good understanding with forex using a demo account, you should then open a micro account with $50 and practise controlling your emotions.

Nudge

1 year ago

Votes

It is fine to learn trading mechanism by using demo account first. However, please be reminded that we have to trade demo account similar to actual account to test out our trading methodology.

Kingpin

1 year ago

Votes

It is in the interest of anybody that want to become a trader to first demo trade to have enough confidence in his system of trading,have a feel of self psycology in managing a trade. We know there is no holy grail in trading not withstanding there are still systems that can win in the market .