Demo would be a good place to test our strategies, but many a times the trader who are dealing with Demo takes it very lightly and trades blindly, which endangers their future of live trading. Hence it is needed to have seriousness in the same.
Yes itâs a place where we can see our strategies how it works. But practically when trading in live we canât focus as like demo, the main problem is here. I tried lots of time but didnât get the result in real account as like demo. I need solution.
In order to me, you didnât trade demo with more carefully, thatâs why you didnât get nothing in real account when using same trading strategy. Keep focus and practice in demo and donât trade at random.
I have done with more carefully. May be its my luck , I passed much time with BB strategy and was successfully in demo but when starting real account didnât get minimum result as like demo account. Sometimes I feel demo trading is just wasting of time and energy.
Demo accounts usually have tighter spread and faster execution time. So in real account, you might experience your order get rejected or wider spreads.
Yes, it is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. Thatâs why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything. Hope it helps you.
Sorry, if you trade a âdemoâ without being âemotionlly attachedâŚâ What is the point ?
I get exactly the same feelings in âDemoâ as I do at ÂŁ5 per pip - donât understand why you wouldnât ?
@Jamesfx9 i totally agree with @Falstaff
the point of a demo is to SIMULATE your live environment and to test things in that simulation so that when you go live there wonât be any suprises. or little if any.
Now, we can argue there are differences in price and that on demo your trade is not affecting the market, and thatâs a valid argument,
but THE THING YOU CAN CONTROL 100% IS âŚ
to Treat your Demo like a Live account
100% Like a Live account, Bullshit to yourself and convince yourself that itâs a live account.
mate, i used to do this all the time, i remember one time (i have a bird, a rainbow lorikeet) he jumped on the keyboard one time (years ago) and opened and closed a trade, he lost me (i think it was either $20k or $53k i canât remember, it was years ago) but it was a lot
i didnât look at it like âoh it doesnât matter itâs only demoâ i was like âHoly shit, what just happenedâ hehe
it actually took me around 15mins or so to realize that it actually wasnât a live account , it occured to me when my wife said to me is this real money. and i was like âoh⌠thatâs right, itâs notâ
You have to tell yourself that itâs real
otherwise, like Falstaff said⌠WHATâS THE POINT
if you donât do that, you are just PLAYING a video game
itâs like when you die in Mario bros, and you say⌠itâs just a game
but what if you (like in the movie Tron) you were Quantized and transported in the game and if you died in the game, you died for real⌠DIFFERENT STORY HUH
Youâre right it is the psychological aspect and TAKE IT SERIOUSLY and treat a demo like a live account
tell yourself ITâS MY MONEY, I WORKED FOR IT, IF I LOSE IT I WONâT BE ABLE TO PAY THIS BILL OR THAT BILL
treat it as if itâs real
as for this
Youâre right so⌠GET EMOTIONALLY INVOLVED (at least while in demo) and tell yourself itâs your money
nowâŚunderstand this as well
You are supposed to disconnect yourself emotionally so you donât TAKE IMPULSIVE DECISIONS.
but i understand what you are saying as well
so in demo. trick yourself that itâs your money
after a while you will learn to control your emotions
falstaff is correct
WHATâS THE POINT if you are not taking it as real
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Itâs a common problem, there is huge different between demo and real account , even though so many experts always emphasis on demo experience , I am not. Experience from demo will not work practically in live. Because, when we trade in demo we get free from everything. But we kick off real account we canât avoid emotions and others. This is the fact.
My argument is that if you trade âdemoâ like that - you are wasting a huge resource - I never had the opportunity to âTrade demoâ as a newbie and I value the resource greatly. I was trading Dow Futures by phone (You had to ring them up) and was ÂŁ150 Up, ÂŁ150 down on most trades - my only live resource was the ticker at the bottom of the screen on Bloomberg TV. All other "information was around 15 minutes delayed !
BUT I was brought up at a time when âSuccessâ was to win the match, Come first in the exam, catch the most fish. Praise was heaped on âwinnersâ and losers were not really considered to need âsupportâ - they just âlostâ.
There was no âconsensusâ science - Just âRight and wrong answersâ or Unproven Hypotheses. That was all and something had to be proved to be accepted.
Much has changed and in many ways Iâm glad Iâm old, but my view remains - If you donât care whether youâre right or wrong, in demo then youâre right, you are in for a huge shock when âTheyâ start taking real money off you 
I DO CARE what happens in demo - because in demo, just like the real thing - the numbers arenât important - Theyâre just a way of keeping score - If you donât care what the score is - then why are you here ?
@Chris_Lynn
Chris, i agree 100% with @Falstaff last comment, i am also of the old ways.
Chris, based on your answers that you keep repeating, CAN I GIVE YOU SOME FRIENDLY ADVICE.
Let me tell you a summarized story if i may
RE THISâŚ
this is not up for debate⌠THIS IS A FACT⌠YOU ARE 100% DEAD WRONG⌠end of story.
When i was a kid back in the 80âs i was really stressed and life hard to deal with.
as @Falstaff said, the rules were easyâŚ
ADAPT or ⌠GET LEFT BEHIND
it may seem harsh, but IT FORCED YOU TO LEARN, you see, letâs say in maths class if you didnât learn say , your fractions, everyone else called you an idiot, Actually , they called you Dumb Runt (Replace R with C). simple as that
if you had a job and you made a stupid mistake, you were humiliated for it, so you never made that mistake again⌠.AND WE LEARNED
if you were a smart arse in school, youâd get bashed after school (say what you will, but WE LEARNED) and this sort of upbrining taught RESPECT
then time went on and people started abolishing corporal punishment and people starting going on about âBulliesâ (instead of giving the bullies a kick in the head ) the people of the world became a bunch of bloody Fairies.
Anyway, i digress
point is⌠Life was Stressful and hard
NOW ONE DAY FOR ME PERSONALLY. i got to a point when it was so hard that i couldnât handle it
this is where something interesting happens to your brain, THAT I HONESTLY DIDNâT KNOW, at that time.
YOU ARE FORCED TO ADAPT
what i did was this
I asked myself
- What does stress actually do for the body, is there any positive function
the answer is NO
Next Question - Is it necessary for us to feel Stress THE ANSWER IS NO (thatâs a fact)
but, THEREâS A CATCH
itâs like this
it depends how you define STRESS (now, iâm not avoiding here or making excuses, just listen ok)
We all have a central Nervous system, and because of it, WE MUST FEEL - thatâs a fact
The things that we feel. get sent to our brain for INTERPRETATION - Thatâs a fact
Now. we have to FEEL the input factors that our nervous system gives our brain, thatâs not a choice.
HOWEVER, WE DO GET TO CHOOSE HOW WE RESPOND
THIS IS A FACT
if someone cuts your arm off - YOU GET TO CHOOSE WHETHER TO SCREAM OR NOT
if someone kills you family - YOU GET TO CHOOSE whether to cry or hunt the bastard down quietly and exact revenge. or⌠you can choose to do nothing
if someone pushes you in school, YOU CHOOSE how you respond, do you walk away, or do you push him back or do you kick him in the head
if your boss yells at you YOU GENERALLY CHOOSE TO SHUT UP or you can tell him to F⌠OFF
RIGHT
EVERYTHING IS A CHOICE MATE
Now emotionâs come into trading BECAUSE
WHEN YOU PUT REAL MONEY DOWN - YOU ARE ASSOCIATING THE HARDSHIP OF HOW YOU EARNED IT
Example, a Guy who throws garbage for a living or a bricklayer who throws bricks up a two storey building for 8 hours a day or a concreter with appreciate their wage (Even though it might be small) to a greater degree than say an office worker that is unsupervised and the only job they have is something simple and cushy.
so WE CAN SAY THIS
THE AMOUNT OF EFFORT YOU PUT INTO YOUR JOB IS DIRECTLY PROPORTIONAL TO HOW YOU FEEL ABOUT YOUR WAGE
AND
IF YOU HAVE A LOWER WAGE, then How you feel will be Amplified
so we could narrow this down mathematically to some formula that establishes
HOW YOU FEEL PER DOLLAR EARNED BASED ON HOW MUCH EFFORT YOU PUT IN FOR THAT DOLLAR
you understand me
Now. when you trade
These emotions return
and
WHEN YOU LOSE, (and because you were expecting a reward for your hard work) You feel worse.
does that make sense
so up to this point, you will probably still confirm that âYes martin, thatâs what iâve been saying, that a demo is not like a Liveâ
NO⌠BUT WAIT
When you trade LIVE, you bring emotion in with your money
WHY CAN YOU NOT DO THIS
Why canât you tell yourself âThis is my demo account I CHOOSE TO BLOODY TAKE IT SERIOUSLY, because i iknow that what i do here will DIRECTLY AFFECT WHAT HAPPENS ON LIVE, and A Demo is playing with Live money because if i stuff up on demo and donât treat it as real, I AM INTENTIONALLY THROWING AWAY MY LIVE MONEY, because i am not training myself to develop good trading habitsâ
Why canât you do that ?
Like Falstaff said, You are just pissing away a very very useful resource
Mate, do you know why DEMO IS GIVEN TO YOU FOR FREE ?
ANSWER : itâs because the brokers know MOST PEOPLE ARE EMOTIONALLY WEAK AND WILL GET ADDICTED
they know that most people will fall slave to their emotions
If you do this⌠You will lose at trading
CONTROL IS THE KEY
Understand YOU HAVE A CHOICE, YOU CHOOSE HOW YOU FEEL
If you canât take control of your emotions, you should not be trading
if you can⌠then do it
and when you make a wrong decision, learn from it
and when you make a right decision, Reward Yourself for it
BUT HEREâS THE THING
You Believe with all your heart (like so many others) that you canât avoid it, that stress cannot be avoided, that you canât make yourself believe that something is something else.
Actually you can and it can be proven scientifically.
Mate, it is a Scientific fact that certain people use certain keywords that TO THEM Means different different things and triggers different things
let me point out yours
iâll retype what you said and highlight the keywords
âitâs a common problem, there is a huge difference between demo and real account, even though so many experts always emphasise on demo experience, i am not. experience from demo will not work practically in live. because, when we trade in demo we get free from everything. But we kick off real account we canât avoid emotions and others this is a factâ
Let me explain it
"Huge difference" is a way for your brain to tell yourself that problem is overwhelming.
the fact is, itâs not, and it is only what you make it out to be.
âExperience from demoâ etc etc is a way to confirm to yourself that IT WONâT WORK.
itâs actually not true, Many people do it⌠I personally do it, and it works
You have then given yourself an excuase, as follows
then you confirm to yourself WE CANâT AVOID EMOTIONS
well⌠No We canât
but WE CAN CONTROL THEM
and when you say EMOTIONS it means something different to what EMOTIONS actually are⌠see the difference.
Mate, Long story short, YOU ARE TELLING YOURSELF ITâS IMPOSSIBLE, when it really isnât
and in doing so, you are crippling your trading career and wasting a huge resource
HERE ARE SOME FACTS
You canât say Experience on demo will not work practically because literally thousands of people have done it and prove it can work. so THATâS BUSTED
the only difference is⌠YOU CHOOSE TO BELIEVE IT WONâT WORK
You need to tell yourself that everything you do on demo will be reflected on live.
you need to forget that demo money is FAKE.
You need to tell yourself that EACH TIME YOU LOSE, YOU WILL POTENTIALLY LOSE REAL MONEY
you need to tell yourself that a demo account is RISK MANAGEMENT and YOU ARE BEING SMART BY DOING THIS
Demo Account is a tool
So is Live Account
so is a Hammer
So is a Screw Driver
now, you use a Screwdriver for a certain purpose
you use a hammer for another purpose,
but BOTH HELP YOU TO BUILD A HOUSE
You use a Demo to Test things while managing risk
You Use live as a Tool to host your trades
BUT BOTH CONTRIBUTE TO YOU MAKING MONEY IN THE LONG TERM
and BOTH ARE NOT A GAME, they just serve different purposes
try to see it this way ok
Take Care mate
Hope you get it
Demo account is for the newbies as well as the experienced traders. You need to understand that Demo is the best way to ensure knowledge in Forex Market. Live Account to gain the success in the Forex Market to ensure success in the Forex Trading.
A demo and a real account are both very much needed things, but their functions are very different.
I donât think there is any trick from the brokers! Problem is, maximum new traders judge their trading system too early; like if they get 4-5 tradeâs consistent profit then they start their real trading!
Good point LCK - I just started looking at a new system based on new things and from 5 bets based on a maximum possible loss for each bet of of 8% of account value ($40 each). The bets were concurrent. This traded positive over the couple of weeks it ran, up until Xmas Eve, taking my notional $500 paper account from $500 to $599 ! There was one loser of -$4.70. So does that mean I am ready to go live ?
Not at all ! What it means is that there May be some possibilities of making a positive return and that it looks as though it could be worth continuing the trial.
That is all !
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In my opinion, a strategy needs to be tested at least over the course of several months before one tries to use it on a live accounts. Five consecutive trades donât provide very trustworthy results, I think.
@mlawson71
i agree. 5 Trades doesnât prove anything,
Anyone can win 5 consecutive trades at some point
Relevant example as well! Thank you very much for your contribution.
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Thank you LCK - When I am ready to trade again, I shall do another couple of cycles and if I like what I am seeing, I shall open a dedicated demo account. At the moment the figures are just numbers on a spreadsheet. My next round will maintain my risk at 8% each so maximum possible loss on each trade will increase to $48. If those cycles show promise, I shall open a demo to test it âin the marketâ as it were.
I shall also need to look closely at market conditions for the instruments I used, to try to understand Why it has traded so positive and more especially, if I can identify the prevailing conditions which have proved so favourable.
With results like this one has to suspect that it is just a fluke, but the parameters chosen, were not just ârandomâ. They were chosen to limit as far as possible the main reasons why, in my opinion people lose money.
I try a lot of âsystemsâ over the years and it is amazing how things like âMoving average crossoversâ which Look as though they should be profitable, consistently fail to make money.
I do not even bother to trade them on âDemoâ unless I develope a certain level of confidence which makes me feel there is some propect of eventually âgoing liveâ.
As for actually trying them out - even on âMicro accountâ - Why would I want to give my money away ?
Hope that helps some of the âTrade it liveâ people to understand the thought processes of some of those who are trading against them ! 
I will not pull the trigger - until I have you firmly in my sights ! 
Yes, by means of 4-5 trades it is not possible to judge strategies result. We need to pass a long time in demo to test our strategies, and then we use it when real account. Otherwise it could be a great trouble.