My demo trading (Path to success )

howardroark

Well-Known Member
#71
Demo trading is over exaggerated ... Over emphasized ....
Demo trade just enough to familiarize yourself with the terminal, backbone of your strategy, your money management etc ...
The Psychology, which is the most important aspect of trading, will never be tested in a demo acc ... Anyone can sit on a 1500$ running loss on a demo account. But how many can sit on a 1500$ running loss in a real / live account?
Open a 100$ account, trade micro lots ... soon you will become a better trader, never with even a 10,000$ demo account ...
 
#72
Demo is the best way to become successful, you need to understand that it could change the way you see market and help you to develop your marketing skills.
 
#73
You can open a demo account for FREE with most Forex brokers. These “pretend” accounts have most of the capabilities of a “real” account.

But why is it free?
It’s because the broker wants you to learn the ins and outs of their trading platform, and have a good time trading without risk, so you’ll fall in love with them and deposit real money. The demo account allows you to learn about the mechanics of Forex trading and test your trading skills and processes with ZERO risk. I would recommend you to open an demo account with LMFX broker.
 

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