Without demo practicing maximum traders become loser !!
yes I have seen many traders who are not expert but entered in real trading.. They have no any perfect experience and perfect knowledge... Even they have no any perfect money management with better strategies... Cause they have not practice on demo account.. We know that practice makes a man perfect.. Without practicing a trader can be loser... So of course a trader should practice before entering the real account.. A trader should practice on demo account for minimum 6 months to 1 year...
~~You have chance to be successful until Death.. So try hard till death~~
True, it is a lot of traders who like it, maybe they think no demo trading practice, they can be rich in a shorter time. So if we are still beginners, we have learned a demo account first, so that we can understand the forex trading the right way, then we can find a strategy that fits with us, after that we can do the real trading to test our ability.
I know demo practice is very important for all forex trader.first time every trader should practice in demo account.without demo practice we can not learn forex trading.but for i think for the reason of loss lack of proper knowledge..if you want to learn foerx trading you have to learn foerx trading very perfectly.if you learn forex trading perfectly you are gain in this market...
Demo is a great plateform where we get to trade the real market and gain real experience but without risking any money of our pocket. It help us prepare well before applying our knowledge and skills to real trades where our money shall be at risk.
Yes it is 100% correct that without demo practicing many traders loose because many traders start trading directly from real accounts with real money.This thing goes against them and they make huge looses and also loose their accounts.Demo trading makes a trader experience and expert by practicing in it.
I totally agree with you on the fact that practice makes a man perfect, and with continues practice you would be able to sharpen your trading skills ad become a better forex trader so learning on you demo account for a reasonable amount of time would make you a better trader.
Demo trading is a very helping learning tool and practicing media. It gives us a real training of the real environment as real forex market and also its provided as free of cost from any broker. We can see our performance first before we jump into real account so practicing maximum in demo account can make a good trading performance to minimizing become loser in next real trade
Demo practice is must for every trader. Specially for new traders because they will learn about the operation method of trading terminal.
How to place order, how to book profit, how to place pending order, how to use properly use stop loss.
What should be the lot size as per your margin available. those are looks very small and easy things but this is the main part of money management skills, which cause most of the time a traders loose although he is having proper knowledge of Forex strategy and know the right entry and exit level.
It is true that lack of knowledge and experience and also without practicing in demo accounts make a trader looser in Forex trading. We all need to understand the trend of the market and need to do hard work in demo account to get right entry point.
Yes i think that with out practice of the demo trading the mostly trader loss the money in the forex trading and the main reason is that they not understand the system well because i think the demo account provide the platform where we check our skills of the trading and with the practice we learn the trading better.Originally Posted by Russel2012
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