I agree, it’s better to start playing real money right away. Demo account in forex, it’s like a casino with candy wrappers instead of money - there’s no point.
Haa haaa. I am not ignoring the demo account that you did. I never used demo. It was my approach. But Demo can be useful if you can focus here with great interest that I lost as a newcomer. but I am not willing to consider it as a casino as like you.
Both platforms are different from each other. Demo account we learn and test different strategies so that in real account we can trade more securely and minimize the risk factors so never trade without proper practice.
Demo is the best way to learn about the Forex Trading and also that you could do it without having a risk of losing money. Later you could learn it by small investments in the real accounts.
I don’t think demo account is the best source for learning in Forex trading , you can learn from demo highest 25% and practically can use this experience just 5-10% when live account. this is the reality that we cannot deny. Best source for learning Fx is our past mistake. If we can come out from our past mistakes , then within 1 year we can be successfully from here with certainly
That’s your call, but I am speaking from my own experience, Demo Trading have helped me a lot and also many of my friends are still into it. It is the best way to learn as it is free.
Some people can very seriously take a demo and trade on it as a real account, learning from the mistakes and not allowing yourself to lose money even on a demo. And someone thinks that it’s okay if in a demo account I lose all the money - I’ll open another. And this is the difference that with this approach the first trader will be maximally collected and prepared for real trading. And the second trader is likely to lose money on a real account.
It’s okay. But the experience you have gathered from demo trading practically can you use it when live trading? please share more about
Yeah, there are certain skills which can be learnt through Demo Practice, but you need to be very much serious in it, You need to believe that if you lose in this trade, you are losing real money. Else it would be just a waste of time.
Yes I agreed with whack attack. Also have to b v serious with demo like trading with real money even when u lost money. We cannot have that kind of thinking that it ok to lost demo money as long as real account be careful. If have that kind of thinking.hope u don’t mind I say this, u not fit to b a trader at all. Those kind of people that hv this kind of mentality won’t success on life let alone forex. U sure to bust your account one day n cannot take it…always treat trading seriously even on demo. So just maintain your trading standard on demo, n when switching to real account your standard is still there.
Yeah, if this kind o mind set is observed while doing Demo, it would help the Traders to learn about the Forex quite better, else it would be just waste of time.
demo is a good way to practice without money
tiny micro account or nano account is even better, if you can afford, because it will help you to practice with real money, real fills of orders, real slippage, it’s more realistic in all ways
Demo account is right choice before we start in live according so first step we take should be demo account trading. We must spent three months in demo account to improve our trading skills and techniques to achieve our targets.
I think it’s probably more helpful to count the number of trades than the number of months.
Some people learn and practice and experience more in one month than others do in half a year.
Demo would be only helpful, if you are serious enough in it, else, you might be just wasting your time, if you are not serious enough in it.
From my own personal experience, I spent over three years in demo testing and sampling trading ‘ideas’ - I totally agree though that it does come down to the number of trades vs the diversity of the market over time; you want to cover the whole picture, not just a fragment of what ‘could’ happen when in a live account.
As already mentioned, if you take a demo account seriously and even perhaps factor in an error margin then you’ll see very little difference when transferring to a live account - well, I didn’t anyway.
Price is a result of aggregate decisions of big players, which use approx. common relevant information that may affect:
- Economy performance of respective currency.
- Central Bank decisions.
- Political decisions.
- Causing uncertainty
The faster you price in crucial information (analyzing and understanding how market agents’ expectations change), the more is your edge
Sometimes there is a chain reaction, for example insignificant piece of info (A) affects B, then crucial for markets C = there we have new expectations forming. If you are shrewd enough to build this logical chain correctly, then you gain edge.
Remember that price is a last result of everything that happens. There are desk guys that click buy and sell and cause the price to move. Price is not the reason for future price changes. 
You should relate seriously towards demo accounts, just as towards real accounts. Because if you develop the habbit, the stereptype that all of this is pretend, then on a real account it’ll be hard to trade.
When first time trading on demo account I have mistake only learn practice less than a week, then jump to real account with spent money less than 100$ but only three day trading already getting margin call, so learn and practice on demo for beginner will better they seriously to learn practice implemented system trading with money management
Demo account helps us to improve our trading skills so that we can trade safely in live account. In live account money is real so we had to take the calculated risk to achieve our targets. As long as we practice in demo account we can improve trading skills.