Is Practice in demo account enough for a beginner to become successful?

[amit.neogi]

I think in trading sector mostly in forex market we should learn the first the all primary and basics things because only at time of trading basics things are too helpfull for trading time. so at first should know the normal or primary stages.

 

[barood4money]

I think in trading sector mostly in forex market we should learn the first the all primary and basics things because only at time of trading basics things are too helpfull for trading time. so at first should know the normal or primary stages.

Yes, that is true. But the primary knowledge is not enough to start trading. Lot of practice is required at demo account. Practice until you don't get everything within your fingertips. When you enter the arena, you should not feel nervous.

 

[Decub]

A good way to be a good Forex trader is to be a good Forex learner. I've discovered that irrespective of the strategy you use, knowing some others or developing interest in another and learning it isn't a bad idea because you never can tell, that might just be better and more effective than yours.

 

[Daisy]

I don't think its enough for you to be successful though. I think its a combo of many things and I do not think that just doing the demo will make you successful. I think you also need to do real trading in a mini account and that will also help you earn much more when you begin to do real live trading. I think some trading for a couple of months will be helpful before you see good results.

 

[Decub]

Combo, the right word you might say. No one will become an authority in his field by doing one and the same thing, the same way over and again. A combination of so many learning ways will help the trader develop better techniques.

 

[Pettyeve]

There are those people that only get there success by trading in the demo account. The don't have any other means they learn if not trading everyday in the demo account.There are illiterate traders who are don't usually read about how to develop strategies but those traders still make profit from forex.

 

[raniya]

When we are new in forex trading, demo account will help us to understand about forex trading. Of course, we also should learn first about forex. We can read forex articles, news, forex education like I got from FXB Trading

 

[Faal]

If anyone uses demo so blindly then demo wouldn’t be enough! There have so many struggled Forex traders who were profitable in demo! In addition, traders need to use their demo so sincerely! By the way, demo is the best way to learn Forex business.

 

[Lee Mark]

Demo is the most decent way of learning! You can’t waste this free opportunity of learning. By the way, learning is a long term process, only few weeks demo is not enough here!

 

[The trader]

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading experience.

 

[Irina]

Learn trading it or just simply read more follow the offline and online seminars, but there must be a correct practice using demo accounts so as not missing when one personal money in learning

 

[Gerald Davydov]

The forex trading business has some advantages as well as disadvantages. If a trader can able to gain knowledge and skills then they can earn good income from here, or if a trader trades with carelessness then the trading can be a very dangerous business. SO it all depends upon how traders takes the forex business and works for improvisation.

The forex business can be stated as a very dangerous online business specially for the beginners. We all know the beginners will have higher chances of losing money due to their lack of knowledge and trading skills. So and for that the trader must learn and practice on demo account.

Now my question is that do you think that the demo trading practice is enough for a trader to gain all the necessary knowledge with which they can become successful?

Demo trading is basically to know how the trading mechanism works. Well ordered directions to open and close a trade. The best strategy to use MT4 for trading. In any case, the honest to goodness learning begins when you start to trade with authentic money. Trading with authentic money incorporates sentiments that reason an expansive part of the mistake. You can in like manner use demo to test your trading strategy.

 

[Derzi]

There are some advantages of a demo account that a trader might get. The longer time a person is trading on a demo account, the more patient he becomes. The last leads to the more responsible trading approach.

 

[Kuranis]

It's not the best idea just to practice trading on demo account without studying anything. If you see that you may make money or you feel that it's high time to start real trading, just do it.

 

[Tom Latham]

It's not the best idea just to practice trading on demo account without studying anything. If you see that you may make money or you feel that it's high time to start real trading, just do it.

Agree with you. There have so many traders who were successful in their demo but right now struggling in the live account! So, only demo is not enough here! For being a successful trader; we need both kind of trading skills of trading analysis.

 

[Chionao]

No, demo trading account is never enough for a beginner to become successful. A demo account is basically a platform for practice where you can familiarise with the market and test your trading strategies. There are some cases where a strategy can work on demo and fail in a live account, and you also don't feel the risk when trading on demo.

 

[lioneld]

It’s not enough, it’s the beginning stage! After demo, traders should practice with cent type account than live.

 

[Svetlana Loboda]

If you practice only demo; that doesn’t mean you are on the way of success! Even, almost all of the new traders start with demo but till now the success ratio is near about only 10%! That tells the story!

 

[Eduardo Lucchese]

Demo trading is the best platform to practice perfectly.

 

[Kazumu Fukunaga]

Demo trading is the best platform to practice perfectly.

Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.