Forex Zone - Forex Forum

Between demo accounts and contests

Discussion started on General Forex Discussion

  • Jr. Member
  • Posts: 86
  • Points: 181
  • Likes Received: 9
  • Reputation: +0/-0
Demo accounts and contests are just as good if you can use them well.
if to find or create a technique I suggest using a demo account, but if to test the technique, you should use a contest account if you have not dared to plunge into a real account, because if you use the demo account too long it's not good because you can't train psychology
#121 - June 23, 2019, 08:08:55 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the contest in my opinion can be good for learning because there are targets and prizes too.
#122 - June 24, 2019, 04:27:14 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
I prefer a contest account rather than a demo, because from the contest account besides being able to learn we can also get the chance to get a prize.
but if you still learn which might win and get a prize.
#123 - June 25, 2019, 01:46:03 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
just a contest account in my opinion would be good for learning. so we can and get prizes.
#124 - June 25, 2019, 02:31:26 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
better focus on a demo account to learn trading.
#125 - June 25, 2019, 03:22:53 AM

  • Sr. Member
  • Posts: 462
  • Points: 25708
  • Likes Received: 20
  • Reputation: +1/-3
If my suggestion is to choose a demo account for the purpose of stabilizing the new system tested on the contest account after being tested on a demo account also because the demo is more focused on the system rather than the contest victory.
#126 - June 25, 2019, 07:48:38 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0
contest accounts are very good if you want to test the techniques used and can get rewards.
#127 - June 25, 2019, 12:35:40 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Demo accounts and contest accounts are both good for training and testing our trading system.
#128 - June 25, 2019, 02:22:16 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
between demo accounts and contests, it is equally important to just be in one of the more important types of accounts as needed.
#129 - June 25, 2019, 02:50:43 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the contest is also good sir, but must be proficient if you want to win the contest.
#130 - June 26, 2019, 03:53:46 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
This forex trading exercise with a Demo Account negates the risk of material losses, but the picture obtained regarding online trading may be less precise in terms of psychology. The problem is, when forex trading uses real money, there will be a separate burden; different from freedom when practicing using a Demo Account. So, so that forex trading exercises can be done as fully and optimally as possible
#131 - June 26, 2019, 11:03:45 AM

  • Starter
  • Posts: 5
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
we determine what purpose we are trading for so we can choose which account is suitable whether a demo account or contest.
#132 - June 26, 2019, 03:29:20 PM

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
This forex trading exercise with a Demo Account negates the risk of material losses, but the picture obtained regarding online trading may be less precise in terms of psychology. The problem is, when forex trading uses real money, there will be a separate burden; different from freedom when practicing using a Demo Account. So, so that forex trading exercises can be done as fully and optimally as possible
Bro, the advantage of another demo account is to prepare and form good characters to become a Gold Forex professional trader. Remember something done repeatedly will become a habit. Habits carried out continuously will shape the character. And that character eventually becomes a lifestyle. The process of forming a trading character starts from learning and practicing on a demo account. The risk is too big if we try to form a good trading character by directly trading on a real account.
#133 - June 26, 2019, 11:11:01 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
it's better to use a contest account so that your psychology can be trained
#134 - June 26, 2019, 11:48:00 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Demo accounts are used to form good trading systems while contest accounts are more likely to test the system as well as our trading psychology.
#135 - June 26, 2019, 11:49:54 PM

Members:

0 Members and 2 Guests are viewing this topic.