Using a Demo Account to Learn Forex Trading? Pros & Cons…
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I know the money is fake but do demo account use the real market?
Just trick your mind to think it's real money 💵
Take it as real money
I demo traded for 3 months. Emotions were there, just less. I hate being wrong, thinking I have got the wrong idea, still suffered FOMO because I had a target before I went live. I treated the demo exactly the same as a real account.
Use the demo account as a real account. Even if they offer you 40K of virtual cash, use that cash as if you were using your own bank account. So from that 40K use 500. Treat it like real money. Just a tiny advise.
I would recommend anyone to get a demo account, brokers like LonghornFX offer them and they take seconds to get, practice with them.
From my perspective, using a demo account is basically for learning purposes only and ideally for testing new trading strategies. If you need to find out how well you can manage your emotions when it comes to trading, then I believe using your hard earned money on a real account will serve the purpose. Better yet, it'll sharpen your focus! But only use a real account when you've mastered the basics of trading, or you'll just end up blowing your account!!
I think the pandemic has taught people a big lesson, having one stream
of income is not really a good idea cause your job doesn't secure your
financial needs. The pandemic has really set out business minded people
from the rest that is why I'm so lucky to be amongest the investors
trading with Harry_fxvalue on insta as his student it's been success and
happiness since the beginning of my trades!!!
Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.
when i tried to trade by myself i lost so much that i almost gave up in trading till i met my current mentor @lisa_upfx o'n l'g who helped me understand the basics now I've earned more than i lost trading witg my mentor!!
trading has been lot more easier with the help of a trading mentor and analyst, I'm so overwhelmed rn because i got all my profits successfully thru the help of lisa_upfx o'n lnsta"'gram …….
well my OPTION now listening is you basically saying don't try demo cause you wont feel the emotion of losing money. and i truly believe that's false, cause your basically saying to someone(Example) if you hit a homerun at practice but it doesn't matter cause its not the game an you didn't score. its sounds like you didn't really have cons. just bias to the whole demo concept
meeting robert_uptowntrades at lG initiate the beginning of my trading career. I thought forex was a rocket science but the way he simplified it just made me rethink. You are the best @Robert_uptowntradss 🥇🥇🥇
I only trade when I'm willing to lose it all and not jump out of the window
Everyday you have a new opportunity to become a happier version of yourself on 18th of September 2022 i met paidlikerita on lnstagrañm a woman who showed me this wonderful life changing opportunity that made me earn passively, am happy and always grateful to you ma'am so would like all newbies to join paidlikerita and you all will appreciate me later!
Forex trading has been easy for me because of tradefx_with_Tulio on ig company platform I invested $800 trading with him after 48 hrs of trading I got profit of $9600 he’s the best I recommend
Thank you for recommending WALHACKK to me on ¡Nstagram he's very amazing I've gotten my first profit withdrawal of $6,000 after a week.
I think demo account is a great way to practice the usage of your platform and stuff if you are new.. I'm actually scared to use my strategy on it as they might use it against me when i go live acc… Hmm, since im a newbie i really wanted to practice using the trading platrform i chose learn the features and stuff so i might go demo for that.
where can you download forex demo from?
As a beginner good invest always start with investing in a trader already in the forex field to help make profit gradually you learn from him to become a self trader. this strategies work for me during my time as a forex beginner trying to make profit with the knowledge I have in trading. I made some loses till i get to a forex broker Roy Randy who traded for me and make profit I made enough profit from these great trader which helped me in setting up a business and becoming a forex trader of my self.
I just have 2 questions if I open an account with $600 , is that all the money I have on the line so say if I loose $600 am I at $0 after a lost ? will I have to put money back in to keep trading
Thank you for the message
Very helpful. Will be checking out other videos!
But HOW ????????
The best one
Some suggests that Demo and Real account has a difference in the charts.. Is this true?
I have lost 3000 on demo but now I learned how to grow. I have grown 1000 on demo now it is 8000 I think I have been smart a little
Work with your own experience by participating on the demo trading account which almost all types of Forex brokers provide in their platform. If you work on the demo trading platform first you will get practical knowledge of Forex and also about the brokers service. Forex4you is a nice trading broker with whom I am using the demo trading account and they have the best tools and features for the demo traders.
Problem is , it seems like when I go on live account my strategy I use on my demo doesn't work at all .
Demo account got me fuckd up .
What sucks the most is falling asleep, dealing with kids or just being distracted from the markets and missing certain trade setups. I’ve been trading for 2 months now and what irritates me is that I’ll miss the reversal and it’ll feel like it’s too late to enter 🤦🏻♂️
Demo account is like punching a punching bag it doesn't punch back
Can you do a video on trading NASDAQ
.. Valuable advice, thank you …
here is more advance tips on starting real trading with real money. if you are from West start with as much amount you can afford to lose but for MIDDLE EAST start with 50$ and 100$
Demo accounts are definitely not the same as a real account. With a demo account the brokers let you easily win without any risk just to let new traders think everyone can make big amounts of profit. What you get in a demo account is not what you'll realize in a real account.
I agree with you Nick. A small deposit into an account is important. One does not want to blow out a large account. It is easy to lose.
One thousand would be a good learning amount. You most likely will lose it.
Good luck to all.
Good job I have done exactly what you have suggested. I started off with a demo years ago and noticed I did not pay attention as much . I then started a small account $400 and guess what I paid attention. Have learned a lot more with a small account. Thanks
Hi can you please cover up the Supply and Demand strategy on XAUUSD or NASDAQ
Nick…I love you Nick..No homo. Pure respect.
Off topic: can you talk about taxes and forex? How to file? Certain forms? Percentages?
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