demo account/ real account - which one do you prefer?

[budado]

which one do you prefer?

for me, demo account is good. i am still a forex newbie, which means demo account is more suitable for me.

That's good. But even if you are trading in real account don't forget to use demo account. Because its really necessary to use demo account just to make sure that you practice new or strategy in demo accounts and not in real accounts. Because even if you already know how to trade in real account if you have new strategy you are still prone to mistakes.

 

[brokenblade]

I love demo accounts as well, but the real money comes in the live accounts. I would definitely love to go back to the demo account in order to practice some of the theories that I have. I also like that there is less pressure in trading on a demo account. With a live account, the stakes are up. When it comes down to it, I prefer the real account, because that is where it counts.

 

[monyitomon]

Demo account is just like a play ground to us were we test some strategy in here without losing our own money but there is no real profit but the knowledge but both real and demo is always necessary but in terms of performance then we are always better in Demo account.

 

[Nagilover]

Yes Demo account is very important part to how to trade in forex for newbies. I think It make us can learn easier in forex. I guess It is very important part too but I like to play real account and use very limited fund for test strategy becqause It give real result.

 

[kasual]

demo account is very useful to test new trading system and also for practice for newbie. with only virtual money, there is no risk involve if we make mistake in trading. but practice in real account with little amount of deposit is necessary also because there is something that we don't get if only practice in demo account.

 

[budado]

demo account is very useful to test new trading system and also for practice for newbie. with only virtual money, there is no risk involve if we make mistake in trading. but practice in real account with little amount of deposit is necessary also because there is something that we don't get if only practice in demo account.

I don't think its right to choose between real account and demo account. Because this two are not the same. We do practice in demo account and we do trade in real account. So why do we need to choose between demo and real account? This two account can't be compare at all.
I think its better if you compare lite account to standard account or to mini account since they are all real account.

 

[kasual]

I don't think its right to choose between real account and demo account. Because this two are not the same. We do practice in demo account and we do trade in real account. So why do we need to choose between demo and real account? This two account can't be compare at all.
I think its better if you compare lite account to standard account or to mini account since they are all real account.

practice trading in real account is necessary because when we only practice in demo account, we can't learn how to control all psychological problem that maybe arise when trading. we tend to relax when practice in demo account because not involve real money and so, psychological problem tend to less appear.

 

[budado]

practice trading in real account is necessary because when we only practice in demo account, we can't learn how to control all psychological problem that maybe arise when trading. we tend to relax when practice in demo account because not involve real money and so, psychological problem tend to less appear.

This is a typical newbies attitude that cause many to loss money when they trade in forex trading.
I been trading in forex for the last six years and all those who have this attitude does not last three months in forex trading.
Its just simple logic. if you are playing basketball for example and you are doing practice do you feel the pressure? Of course not. But if you play real game already in tournament game do you feel the pressure? of course! but does it mean you going to do your practice when your already in real game? lols.
Same thing in forex trading.

 

[Tirus]

But for a newbie trader working in a demo account is the best thing to do because they are still learning and here they dont get to loose real money. When you feel confident enough, you can go into a live trading and the good thing is many brokers offer bonuses to ease you into trading. You could also use bonuses from forex forums to do the same so in the beginning you get the opportunity to accumulate some bonus to go live without using your own funds.

 

[faceless]

obviously, for the demo account, you won't earn anything but it would be great practise. For a beginner, the demo account would be beneficial, whether you like it or not, it is the type of account that would help you the most. If you go in with real money at the beginning, you might get lucky once or twice, but in the long term of you beginning of your forex experience you would lose more money.

 

[Tirus]

You are right in that in a demo account you dont stand to loose any real money and this is good time to learn and enhance your trading system. One thing to note is that there really shouldnt be a choice between the two since both of them have their own purpose to serve .i.e Demo account to practice and learn trading platform and Real Account for when you are ready and want to trade with real money.

 

[Syrine22]

I think if i were to only take two aspects of forex i would be taking the newbie aspect(trader) and the expert aspect(trader).The newbie would much be making use of the demo account to practicalise what he already learnt theoretically but on the other hand the expert doesn't need that since he already gone through that .

 

[riddick09]

Nope, they both used the same accounts. Why to test their strategies and for sure with expert traders they will able to have different investments or trading capital that's why we do have here testing in the demo account since strategies will not work on the same set ups.

 

[pinoycity]

I think, the thread starter would like to ask posters to pick one between a demo account and a real account. We all know that both accounts are important to a trader, especially the beginners. But if I have no choice but to choose between the two accounts for my forex trading, I think, I will choose the real account.

 

[brokenblade]

Yeah, demo accounts do hold a special value. However, the object of Forex trading is to gain money. You will not be able to gain any income from a demo account. For this reason, I choose the real account. With both accounts, you can limit your losses even further.

 

[Tirus]

The difference is just that one uses real money while the other one use virtual money and the issue of emotions. Yes, for a beginner trader its always important to work in demo mode first before going live but an expert trader can also use the demo account to alter his trading strategy for example in the event of successive losses.

 

[chintu]

If you are new to forex trading it is good to use the demo account rather to trade with real account and demo account helps you to do experience with how to make trading and etc .. and there are many chances to loos your money if you use the real account with a less knowledge about forex trading so i always suggest to use the demo account .

 

[Tirus]

In the end though its not about preference but rather to know when each of them is applicable to your trading career. The demo account will work in the beginning to give you a simulation of the live account but you can still use it when you have gone live in order to refine your trading strategy when the needs arises. That said it shouldnt really be about preference because the whole idea is to make money and to make money you do so in the real account.

 

[kasual]

at the first time, demo account is advisable to know everything about forex trading, market movement and to test a trader skill and trading system. but if a trader want to train their mental, live account is the best. of course trader not necessary to spend huge amount of money because the purpose is to train their mental.

 

[Tirus]

I still dont see how there should be a choice between the two. They are both important and necessary to a forex trader's success so you cant really choose one. The demo is for practice but we are into forex to make money and the live account is where you get to really make the money.