Demo vs. real

[NorwoodFX]

OK, there is a 99,99 percent of chance that somebody asked this question before.

I need to know what is the real difference between practice and real account. I know for just one difference, and that is psychology. Everything is different when you trade with your real money. But there are other things that some people claim, like “forex brokers just let you win on demo” or "spreads are not the same on demo and real… et cetera. My question is how much truth is in these claims? Thank you in advance.

[mastergunner99]

OK, there is a 99,99 percent of chance that somebody asked this question before.

I need to know what is the real difference between practice and real account. I know for just one difference, and that is psychology. Everything is different when you trade with your real money. But there are other things that some people claim, like “forex brokers just let you win on demo” or "spreads are not the same on demo and real… et cetera. My question is how much truth is in these claims? Thank you in advance.

There is no slippage in demo. That said that should only be a relevant point if you are scalping.

Most complaints you here about brokers generally derive from ignorance.

[St_Sarah]

Demo is like the game in poker on your computer for fun, real account is a game in casino with your real money!

[Atlas_CapitalFx]

Both demo account and real account has other benefit. Demo account is the first step for beginner who wanna start trading, because there’s any risk.

[4xgump]

If you trade on higher timeframe such as D1, you probably won’t notice much difference between demo and real account

[dan82au]

Trade execution is a lot faster on demo(instant execution yay) if you plan on 1 min duration trades :18: Haven’t noticed any difference otherwise.

[dan82au]

Spreads may or not be the same, best bet is to open account with a large broker - put $50 in and start trading nanos. I have never bothered putting demo and live side by side. Retail traders already get a second hand feed in forex, demo is just marketing(seen a person here complaining about a broker I am with(price spike) he is on demo) - $50 cmon.

[NorwoodFX]

Spreads may or not be the same, best bet is to open account with a large broker - put $50 in and start trading nanos. I have never bothered putting demo and live side by side. Retail traders already get a second hand feed in forex, demo is just marketing(seen a person here complaining about a broker I am with(price spike) he is on demo) - $50 cmon.

I don’t know if it’s just me, but market volatility seems higher. Charts go like crazy when you look at short timeframe.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

[ecerejo]

OK, there is a 99,99 percent of chance that somebody asked this question before.

I need to know what is the real difference between practice and real account. I know for just one difference, and that is psychology. Everything is different when you trade with your real money. But there are other things that some people claim, like “forex brokers just let you win on demo” or "spreads are not the same on demo and real… et cetera. My question is how much truth is in these claims? Thank you in advance.

With a real account you tend to learn from your mistakes a lot quicker then from a demo simply because there’s emotion involved, I never found any benefit using a demo with exception of learning the trading software other than that I have no real use for demos.

[Toekan]

There is no slippage in demo. That said that should only be a relevant point if you are scalping.

If there is any slippage, you certainly don’t want to go live at that broker…

[NorwoodFX]

If there is any slippage, you certainly don’t want to go live at that broker…

Slippage is the normal occurrence in very volatile markets.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

[4xgump]

With a real account you tend to learn from your mistakes a lot quicker then from a demo simply because there’s emotion involved, I never found any benefit using a demo with exception of learning the trading software other than that I have no real use for demos.

The emotion is pretty much the same with a demo account and with a small real account. In both cases, money is not really the issue. It’s more about pride.

[ecerejo]

The emotion is pretty much the same with a demo account and with a small real account. In both cases, money is not really the issue. It’s more about pride.

Not for me! I’m a lot more careful when I trade with real money despite the amount! A small real account for a Lawyer or a doctor might be trading 1 lot with a 10 or 20 thousand dollars for other might be 100 to 500 it all depends where you are on the financial scene! Do you think that a doctor would have the same emotion trading 1 lot versus a demo account? I don’t think so.

[Toekan]

Slippage is the normal occurrence in very volatile markets.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Yes, but not on a demo account…

[doingwhatittakes]

For me the demo account gave me the opportunity to learn the system I was intending to use.

When I went live it taught me everything I needed to work on technically and then also live trading brought up every mental weakness I had so I could then go to my mentor and workout a way to toughen that area up so it stopped (or lessened) the effect it had on me.

Basically live trading speeds up your learning curve, well it did for me.

Cheers

Doingwhatittakes

[NorwoodFX]

I should unsubscribe from this thread, because every new post here is not worth two rotten apples.

Seriously.

Merry Christmas everyone.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

[NorwoodFX]

I should unsubscribe from this thread, because every new post here is not worth two rotten apples.

Seriously.

Merry Christmas everyone.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Wrong thread. Sorry, don’t pay attention to previous post.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

[spidypips]

Wrong thread. Sorry, don’t pay attention to previous post.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

ahaha…
My word are …
100 times on demo better than 1 time rush on real one

[Washi]

I think the main difference is that we don’t get the fear factor of losing money on demo so we can take advantage of taking more risk while making good decision because we aren’t stressed by the fact that we might lose money.
I have noticed that on the real I account I tend to take profit earlier and stop loss earlier as well so in the end I make much less profit and often see a price reversal as soon as my stop loss hit, resulting in much worse profit than in demo.:mad:

[NorwoodFX]

I think the main difference is that we don’t get the fear factor of losing money on demo so we can take advantage of taking more risk while making good decision because we aren’t stressed by the fact that we might lose money.
I have noticed that on the real I account I tend to take profit earlier and stop loss earlier as well so in the end I make much less profit and often see a price reversal as soon as my stop loss hit, resulting in much worse profit than in demo.:mad:

You’re same as me.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.