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Be careful with demo accounts for beginners

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Geographic

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Beginner traders do have to practice first on a demo account but must know how to use a demo account, don't be careless because it will be dangerous later on in a real account.
The demo account function is good for experience and initial knowledge, because it is fatal if you trade without any knowledge and experience suddenly trading on a real account.
#61 - December 01, 2020, 12:18:38 AM

Fahmi Am

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Why is a demo account also important for basic training so you have to be careful because it is your first trading experience, when we start and enter here we will learn to use lots and then learn to use trading methods, make targets and at the same time learn money management.
#62 - December 01, 2020, 02:43:17 AM

kusneni

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Be careful with demo accounts especially for beginners who have never traded once, indeed, in training yourself with a demo account that uses large virtual capital, it can disturb us mentally in trading, so we need to adjust the conditions when trending when later moving to a real account.
#63 - December 06, 2020, 04:28:10 AM

FXOpen Trader

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Quote from: kusneni on December 06, 2020, 04:28:10 AM
Be careful with demo accounts especially for beginners who have never traded once, indeed, in training yourself with a demo account that uses large virtual capital, it can disturb us mentally in trading, so we need to adjust the conditions when trending when later moving to a real account.
When we are trading in the Demo trading accounts the main thing that we should always remember is that the amount in the Demo account should be the same as the amount we would like to start in the Real trading accounts to allow for the rules of Money Management to be followed.
#64 - December 06, 2020, 01:38:25 PM

Tahajud

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Trading on a demo account is indeed very easy, therefore many can succeed here, but this is not the case when we trade on a real account, many fail and are not the same as on a demo account because on a demo account there is no psychology or emotion at play
#65 - December 31, 2020, 08:23:25 AM

Aryox

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The demo account is specifically for beginners, but its function is actually broad and can be used by advanced traders, but we have to be careful on the demo account and don't just take things outside of psychology.
#66 - January 06, 2021, 05:07:44 PM

Riky Namaku

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demo accounts really need more understanding especially for beginners where the demo account is an official and good account.
#67 - January 28, 2021, 04:22:28 PM

RaNo Achndar

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Beginners are still very unfamiliar with trading, starting with a demo account to learn is good as long as creating a trading method.
what is dangerous is that novice traders only trade without making the foundation of a good trading method.
#68 - February 01, 2021, 05:08:47 AM

Muh0340

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as long as we understand what the real function of a demo account is, then we will avoid losses in using a demo account, especially the bluntness of trading psychology.
#69 - February 04, 2021, 03:21:53 PM

Mochira

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What you need to watch out for is the procedure for using a demo account for beginners, because actually the fundamental difference is the amount of capital.
so when studying, try with capital that will be adjusted later in real trading.
#70 - February 04, 2021, 04:07:50 PM

aizafx

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Demo account is very good for beginner to learn and practice, because in demo account represent the real market and condition, but the main different usually in psychology trading, which in demo account not involved emotion while in real account always involved emotion
#71 - February 04, 2021, 11:42:45 PM

Trader Candra

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Starting something new requires learning and practice, learning and practicing trading using a demo account is also a procedure, if everything is done well, the demo account is definitely useful and not dangerous.
#72 - February 05, 2021, 02:49:56 PM

Jajami

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Demo account for learning but must be done to the maximum, which becomes a danger later for real accounts, namely trading benchmarks in an incorrect way.
#73 - February 09, 2021, 09:56:49 AM

Demnok Lannik

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The important thing to note is that if we are successful in a trading account it doesn't necessarily make us successful in a real account because on a demo account we don't trade emotionally
#74 - March 01, 2021, 08:50:07 AM

Trader Candra

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Using the right demo account will give you good results, but demo accounts with the wrong trading method are a big problem, and should be avoided.
Any account management if we don't know basic trading and trading rules, we will definitely lose money.
#75 - March 01, 2021, 12:09:26 PM
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