Forex Zone - Forex Forum

Between demo accounts and contests

Discussion started on General Forex Discussion

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
demo account for training and forming strategies and trading systems while real accounts form strategies while testing the demo system.
#76 - May 30, 2019, 06:18:28 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Demo accounts and contests have their respective strengths and weaknesses, but all are good for trading practice.
#77 - May 30, 2019, 06:26:17 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Demo accounts and contest accounts in my opinion are both useful if we know how to use them.
#78 - May 31, 2019, 04:06:15 AM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Real contest accounts can indeed be used to train psychology but contest demo accounts will likely be the same as regular demo accounts.
#79 - May 31, 2019, 04:26:06 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
between account demos and contest accounts each has advantages and disadvantages so we use them as needed.
#80 - May 31, 2019, 05:50:49 AM

  • Newbie
  • Posts: 12
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
We recommend that you use the demo account as much as possible and then test it on the contest account, who knows it will also get the prize later.
#81 - May 31, 2019, 08:15:20 AM

  • Full Member
  • Posts: 143
  • Points: 263
  • Likes Received: 3
  • Reputation: +0/-0
demo and contest accounts are equally lacking in psychology even though the contest account is less in terms of psychology.
#82 - May 31, 2019, 11:04:01 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Demo accounts will be better if done more consistently than other types of accounts.
#83 - May 31, 2019, 11:37:06 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
greet you friend
please give your friends psychologically input for someone who is just learning to trade should we learn to use a demo account or contest account ...?
there are also those who say don't learn demo accounts or psychological contests will break down is that really friends .. ?? it's better if real is small, it's faster to understand concepts and psychology ..
please input the sifu masters
for practice and learning, I suggest to open a demo account. if the contest is usually for those who are already professionals. but both are good for practice because we don't come out
#84 - May 31, 2019, 02:25:30 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
between demo accounts and contests have the same function, the difference is only a little psychological pressure if the contest account is a real account.
#85 - May 31, 2019, 03:16:47 PM

  • Newbie
  • Posts: 14
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
between demo accounts and contests have the same function, the difference is only a little psychological pressure if the contest account is a real account.
both accounts are equally free, a striking difference in terms of the way they are traded, the accounts are demanded to achieve results quickly, and certainly do trading in full lots.
#86 - May 31, 2019, 04:03:28 PM

  • Starter
  • Posts: 9
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
greet you friend
please give your friends psychologically input for someone who is just learning to trade should we learn to use a demo account or contest account ...?
there are also those who say don't learn demo accounts or psychological contests will break down is that really friends .. ?? it's better if real is small, it's faster to understand concepts and psychology ..
please input the sifu masters
in my opinion, it's better to choose a demo account if to practice and learn techniques. but if you want to get a prize, you can use a contest with the guarantee that you are professional in trading
#87 - May 31, 2019, 06:19:09 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
in my opinion there are still more controlled accounts because contest accounts are often run based on ambition so in terms of psychology it is still not good enough.
#88 - May 31, 2019, 07:03:24 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Contest accounts in my opinion will only damage psychology if we do not run properly and only ambitious to win the contest.
#89 - May 31, 2019, 07:44:07 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +1/-0
if I first use a demo account to practice until proficient, then we test it in the real account or contest account first, like a contest account to add flight hours.
#90 - May 31, 2019, 07:51:18 PM

Members:

0 Members and 2 Guests are viewing this topic.