Is there benefits in trading the demo account?

[Potuse]

We cannot dispute that there is no huge benefit in trading the demo account before we go directly into the live trading . This let us have the opportunity to understanding the basics in forex trading before we can try to invest the real money.

 

[Immilash]

I think you don't know much about trading, demo account is just like everything, before you can start earning money you need to go through demo, spending months or maybe a year on demo will help you to grow.

 

[Immilash]

You are right, if you are good at taking demo trades is going to give you a lot of experience, there's no way you can start trading an be successful without encountering loss.

Trading demo account is very important,it will help you to get the knowledge you are looking for, if not because of demo a lot of traders will not be successful.

 

[Abigael]

The biggest benefit of demo trading is helping you practice the trading skill. That way, you will have the skill at your fingertips when you start doing real trading with real money. It may be boring but it is beneficial.

 

[Riberet19]

The benefits are more than clear, that is, you can use an account with fictitious money to operate while you learn or polish your skills without having to use real money to continue learning, it is true that you do not take it as seriously as if you do it when you are playing your own money, but it is useful

 

[Immilash]

The biggest benefit of demo trading is helping you practice the trading skill. That way, you will have the skill at your fingertips when you start doing real trading with real money. It may be boring but it is beneficial.

Yes but it seems like he doesn't really get it, before you can be successful on real account you need to be using your demo account for practicing, this will help a lot.

 

[Mayorla]

Yes, There are benefits to trading Demo account. If you want to really get successful with Forex, Then you would need to try Demo trading first.
Demo Trading would give you an insight to how to trade on a Real account.

 

[Joy123]

Yes, there are benefits trading the demo account. Traders have the ability to trade risk free the demo account. This means that traders can avoid putting their capital at risk, and they can choose when they want to move to the live markets.

 

[Nomad]

The primary benefits of using demo account is you will build trading skills and knowledge, the secondary benefit is you will find out whether trading is for you or not.

 

[eLdavis]

As a trader it would be best to make it a habit to constantly make use of a demo account. Even experts usually advice that you should also make use of a demo account. A demo account is used to perfect your trading strategies and improve your trading skills.

 

[Immilash]

Yes that's very important, if you are good at trading demo accounts you are going to gain a lot of knowledge, but that's not enough,you have to deposit an lose.

 

[Yohanna]

There are lots iof benefit in trading the demo account because it has a lot of advantages that you can pull and a typical example of such advantage is backtesting your strategy to confirm if it's going to be effective or not.

 

[Robert90]

The use of a demo account for trading has advantages. Demo accounts can be useful for inexperienced traders, as they enable them to familiarize themselves with trading platforms and gain an understanding of how the market functions. Additionally, demo accounts can offer a smooth transition to a genuine account as your platform.

 

[Genie01]

Demo accounts are good, they're going to give you this confidence to know if you are ready or not for a life account,a lot of people are getting this wrong demo account is very important.

 

[Syldan]

Well trading thr demo accounts has alot of benefits like it's a platform which will gives you the opportunity to learn the possible best skills to which you can be successful or be an expert in your trading.

 

[hastral45]

Anybody that wanted to start forex trading on any new forex platform should begin by trading on its demo first before going live. It is not always the amateur traders that should be demo trading. The idea of demo trading is to acclamatized the trader with the features of the platform.

 

[Shigobad2020]

There's a huge benefit in trading with a demo account for before using your proper money for trading , by the time you are using the demo account , you will know more about the trading and if you made a mistake , you would have corrected the mistakes ,

 

[Chibson]

Of course, it is always important to trade with a demo account if you are a beginner in the forex market. It will help you to understand the market better and develop some certain strategy that will be beneficial to you.

 

[Syldan]

Actually there are alot of benefits in trading the demo account and personally I believe demo account is a stepping stone in how to running a successful forex trading based on the experience you might have learned.

 

[McIrx]

Demo account sounds all good and 100% okay until one dabbles into real trading. Demo account is good for training purposes. However, what makes a good trader is the ability to make split second decisions to either take profit or stop loss.


The pressure that comes with making those two decisions is enormous, and that's not in anyway present when using a demo account. Their is a huge difference between a trainee soldier doing a shooting practice and one right in the middle of a war who has to shoot to kill, or be killed!