Is is best to start learning forex from demo trading?

[UsmanAmoyo]

Trading on demo is quite different from trading on a live account.
This is largely due to the fact that emotions of loosing your capital can clog up your decision making process thereby resulting into even more losses.
Is it advisable to demo trade?

 

[Genie01]

Demotrading is advisable for beginners because it gives one the opportunity to try their strategy in live market conditions.
It is basically done to study the strengths and weaknesses if a strategy or to know the spread of a broker

 

[Bigron]

”2Trading on demo is quite different from trading on a live account.
This is largely due to the fact that emotions of loosing your capital can clog up your decision making process thereby resulting into even more losses.
Is it advisable to demo trade?

I would advise novices to try their hands on the demo before venturing into actual trading. This gives them a feel of how the market operates, and allows them to see the impact of certain decisions taken in forex trading

 

[Chibson]

Yes, demo trading as a beginner is very important and necessary because you'll be able to understand properly how the forex market works. You'll be able to understand how to play straight and take your profit. It is very much recommended though.

 

[Genie01]

Yes, demo trading as a beginner is very important and necessary because you'll be able to understand properly how the forex market works. You'll be able to understand how to play straight and take your profit. It is very much recommended though.

I always pity beginners that start up without trying their system on a demo environment. This is putting your funds in a place of great risk
It mostly doesn't always end well with them.

 

[UsmanAmoyo]

I always pity beginners that start up without trying their system on a demo environment. This is putting your funds in a place of great risk
It mostly doesn't always end well with them.

This is the most deadly thing to do as a beginner in this industry.
I always stress the importance of learning before earning.
I am pretty sure that they are eager to make money that's why the launch into that.

 

[Chibson]

I always pity beginners that start up without trying their system on a demo environment. This is putting your funds in a place of great risk
It mostly doesn't always end well with them.

it is always very important for newbies to use demo account before venturing into trading. This is because it will acclimatize them on how trading actually works. I think greed is one of the major reasons so many people go into Forex or crypto without much knowledge.

 

[Floura]

If you really want to make it in forex trading you definitely need to have some time practicing demo account, starting with demo account is very important.

 

[ghxstvecna]

I think the best way to learn to be proficient with Forex is to get a demo account where you can practice without having to worry about losing money. When you trade successfully on demo for a period of time say 6 months then you can move over to a small live account.
Demo trading is prevalent across all brokers. Forex demo account s are the best way to learn how to trade in the real markets. So, get prepared to learn how you can use forex demo to your advantage, what you can learn from them, what you cannot learn, and the valuable practices that will make you formidable in the real markets.

 

[Syldan]

Personally I think there is no limitations to where and how you can learn. you can learn from any platform and any way of trading so far it will give you the best you wanted.

 

[Ofonime6]

Demo account is the right place for anyone that want to trade to start from if you start from your demo account I think that you will gain alot of skills which you can trade and succeed the demo account give you access to aquire the neccessary knowledge which you can trade and win respectively

 

[UsmanAmoyo]

Demo account is the right place for anyone that want to trade to start from if you start from your demo account I think that you will gain alot of skills which you can trade and succeed the demo account give you access to aquire the neccessary knowledge which you can trade and win respectively

Demo can teach one to read price and how to act on a live account if one is disciplined enough.
But the sad truth is that only few beginners take it serious.

 

[Syldan]

Demo account is the right place for anyone that want to trade to start from if you start from your demo account I think that you will gain alot of skills which you can trade and succeed the demo account give you access to aquire the neccessary knowledge which you can trade and win respectively

Well it will be a very wise decision to start somewhere before going into what you really wanted. demo may gies you some skills to be successful only if you committed yourself.

 

[Ofonime6]

I still beleive that the very first place which someone need to start forex is through the demo account why am saying this is that my mentor always told me that the demo account is where I should spend most of my time with he said I should spend atleast 6months in my demo account

 

[Chibson]

If you really want to make it in forex trading you definitely need to have some time practicing demo account, starting with demo account is very important.

the importance of practicing with a demo account cannot be underestimated. A lot of people who are professionals in forex started with demo accounts and after some period of time the starter using real funds.

 

[Genie01]

Demo , being a simulation of real account would definitely give you a world of experience of how price is being delivered and how you would approach the market Ina live account.

 

[Chibson]

Demo , being a simulation of real account would definitely give you a world of experience of how price is being delivered and how you would approach the market Ina live account.

practicing with a demo account is very good and important but one thing is that you may not feel emotional and therefore the kind of decisions you will take on it may not be applied to a real account.

 

[Danny4cash]

Demo trading is a good way to start forex trading. Though, emotion is not involved but if you handle it very well, it'll help you to start to start trading. An expert in forex trading always advice people who are interested in forex trading to start with demo trading.

 

[Floura]

the importance of practicing with a demo account cannot be underestimated. A lot of people who are professionals in forex started with demo accounts and after some period of time the starter using real funds.

That's exactly the point, if you are good at trading a demo account I believe you'll get use to many things in the financial market, starting with a demo account is very important.

 

[Chibson]

That's exactly the point, if you are good at trading a demo account I believe you'll get use to many things in the financial market, starting with a demo account is very important.

Yeah, it is also very important to know that there is a slight difference between a demo account and a real account. You are actually going to get a lot of knowledge from a demo account but emotions may not be attached in it.