Can anyone share some difference in LIVE vs Demo Accounts in Forex Trading. It is obvious that Live=Actual Account while Demo=Testing Account. What I want to know if there’s difference in policy or others things. Please share.
The only difference on mine is in my head when I place a buy or sell order. Your emotions are different but the accounts should perform the same if you are with a reputable broker.
Many times new traders who have done well in a demo account open up a live account and things start to fall apart. Having real money on the line is very different emotionally than trading pretend money. When losing in a live account, every pip can result is feelings of frustration or pure joy. These emotions can cause traders to make different trading decisions in that live account than were made when trading in the demo account. This usually leads to more losing trades.
In deep, the difference is, demo account is not in real life, no real money, but in real market, the money you got in the beginning is not real, but in real life IT IS, so if you gain money, this mean is more money for your pocket!
Hey man when you have some money that you didn�t expect having, do you spend it the same way you would your hard earned money? Let�s say it�s a thousand dollars, would you act differently or the same, well that is the difference with a demo and a real account.
well, the diference is clear one trades real money the ohter one is a demo, if you mean if there are diferent software, as someone said below if you are with a reliable broker it must be the same…
Prices at which orders are filled can be different in demo and live environments, particularly during periods of rapid and volatile price changes such as after major news releases or unexpected news events.