Thread: Demo Forex VS Real Forex

Hi Nikko - sorry to hear about your experiences. I haven't traded with GCI, but I would have reservations about opening up an account with a Currency Market broker headquartered in Belize, as monitoring them down if you run into problems will be hard (Google'Refco' if you do not think this can happen). A fast browse through the website reveals missing pages (e.g. follow link to'currency choices'), which suggests a worrying lack of professionalism.

On the flip side, I see that you submitted shortly after the NFP release, and it is actually not that unusual for even the respectable brokers to introduce'slippage' to their prices during major news releases.

At least you haven't blown your account yet. Why don't you pull your funds from this broker today, take some time out from the market, and open an account in one of those brokers that have established good reputations with this forum?

Originally Posted by ;

The leverage is 200.
Once I had been at 50 000 I had been buying 100, and selling 2min after when it had been going up.
At 500 000 was buying 500.
IT develops quickly. However, if I lose I do not wait, I promote.

I have made some loss of course. However, I've been in a rally in any way, just buying selling...

what do you mean by 100 and 500??? Hope not lots )
This see pretty impresive moving from 18.000 to 2.6 or 2.7 mil, however from what I see in the last post (the one with all the authentic live acc) you ought to read more about forex before going live.
I also feel that you ought to leave pairs like major/nok,sek,zar along with others to the experts.
My personal oppinion.

Originally Posted by ;

what do you mean by 100 and 500??? Hope not lots )
This see pretty impresive going from 18.000 to 2.6 or 2.7 mil, but from what I read from your last article (the one with the authentic live acc) you should read more about forex before going live.
I also think that you should leave pairs like major/nok,sek,zar along with others to the specialists.
My personal oppinion.

Maybe he means 1 lot of 100k and 5 lots of 500k.... If it is lot, it is crazy...

I played on real account for 7 month, I did crazy amount of transactions, and I encounter slipage just 3 times ( I'm not news trader).
Orders full at appropriate price (just couple times I'd not right price)
So like I said earlier I see no real difference between demo and real account.
I firmly belive, if you can win on demonion, then you can win on real account.
If you have difficulty with your broker then alter one.
Behavior is for people that doesn't have a good system (90% traders) or for people who way overly optimistic in their trading (prime example most of American's traders). By the way, the most pesimistic is Russians, I think.
Besides, should you don't a scalper then to prove that you doing great you've got to be continuesly proftable on demonion, at least 4 month. If you scalper, you then need lot less time to discover how you doing.
Additionally for long term traders, nearly impsible to be aware of when you've got good system also it fails when market will varies. So there is a lot of things. And demonion or account, doesn't matter really.

Originally Posted by ;

Hi, I have played the Miniforex out of GCI.

Their demonion is no way near the real thing!!! An advice, don't spend time in their demo.
From the demonion:
- if you buy you get the price that you see on the charts
- if you buy it is done quickly and you can sell just after.
- should you market you market at the price that you see on the charts.

Actually:
- if you buy, systematically, the price will be 10 or more pips within the price that you see from the charts. The system tells you'the price has changed do you want this new price' and it is 10-15 pips greater than what you really want! Worse. When I had been attempting to buy NASDAQ, the message asked me to buy 20 pips more, pretending the market shifted. But in the future, the chart never attained the level they desired to sell me. When they say the market has shifted: it is wrong. Sometime, the market nevers goes where they want you to buy and you are stuck...
- if you buy it may take 30 seconds before you get an answer. During this time, the platform is ceased. Nothing works. If you want to cancel your order as it's taking too much time, they refuse and your order is accepted in account. In 30 sec, items varies...
- if you market, you've got the exact same slippage as if you buy but in the opposite order: I wish to sell at 50 because I would like to make some profits, they say'the market price has shifted: do you wish to market for 15? . Hey!!!! I have lost a lot just buying and selling 1 lot, just because in the event that you include the upslip and downslip, then you want to perform 20 pips to win anything around the EUR/USD. When they pretentds to be 3 pips : they lie.

One more thing, in the demonion the curves are entirely faked. They are doing sin() on the exotic devises (SEK, NOK, ZAR) so it is not difficult to by low, and market high. From the fact: THIS DOES NOT WORK!!! I have compared the charts in demo and real account, they are differents, so the egy cannot be trained in demonion mode.

My judgment about GCI is that they are thieves. They're in Belize, they bank is in Germany, they refuse Canadian, US client, they processing credit cards through Paypal.
Worse, they rely within their demo to make you think you gona be rich, and they cheat in the real accounts to ripe your cash.

That is it for your own GCI demo versus actual account.

I hope folks can find it usefull and won't lose their time and money as I did...

Hi nikko, welcome to the wild FX west... what you describe is amazing, so this broker found a way to allow you to win all of the time with demo trading but after things become real with a live account that you view their true colors...

Originally Posted by ;

Hi, I have played with the Miniforex from GCI.

Their demo isn't a way near the real thing!!! An advice, do not spend some time in their demo.
From the demo:
- when you buy you get the price that you see on the charts
- when you buy it's done quickly and you can sell only after.
- when you market you market at the price that you see on the charts.

In reality:
- when you buy, systematically, the price will be 10 or more pips on the price that you see in the charts. The system informs you'the price has changed would you need this new price' and always it is 10-15 pips greater than what you really want! Worse. When I had been attempting to buy NASDAQ, the message asked me to buy for 20 pips more, pretending the market shifted. But in the future, the chart never reached the amount they wanted to sell me. So when they say the market has shifted: it's wrong. The market nevers goes where they want you to buy and you are stuck...
- when you buy it might take 30 seconds prior to getting an answer. During this time period, the platform is stopped. Nothing works. If you want to cancel your order as it's taking too much time, then they refuse as well as your order is accepted in account. In 30 sec, items varies...
- when you market, you have exactly the exact same slippage as when you buy but in the reverse order: I wish to sell at 50 because I would like to make some gains, they say'the market price has shifted: do you wish to market for 15? . Hey!!!! I have dropped a lot just buying and selling 1 lot, just because in the event that you include the upslip and downslip, you need to perform 20 pips to acquire anything on the EUR/USD. When they pretentds to be 3 pips they lie.

Yet another thing, in the demo the curves are totally faked. They do sin() on the exotic devises (SEK, NOK, ZAR) so it's not difficult to by low, and market large. From the reality: THIS DOES NOT WORK!!! I have compared the charts in demo and real account, they are differents, so the egy cannot be trained in demo mode.

My conclusion concerning GCI is that they are thieves. They are in Belize, they bank is in Germany, they refuse Canadian, US client, they processing credit cards through Paypal.
Worse, they lies within their demo to make you think you gona be rich, and they cheat at the real accounts to ripe your cash.

That is it for my GCI demo versus actual account.

I hope people can find it usefull and won't lose their time and money as I did...

Originally Posted by ;

Demo are merely that DEMO. .

No strain to win; no pressure to do MM; no pressure to think properly; all the reason to become an idiot. .

You dont learn from DEMO besides knowing you're being idiotic doing demo and wasting time.

Second that.

Use demo only to get accustomed to the platform.

Then open a $250 account and exchange microlots. You will be amazed how a $1.00 loss affects you emotionally and psycologically. You're trading.

Originally Posted by ;

Well I think I will buy 1, sell one until I get 2000.
When I do exactly the same as I did last week. Using the identical methodology it should be ok. I keep 50% of the cash in my account, and that I really do sell when it goes against me... well except if it is a spike.
You're correct, spikes can destroy you. But in a certain way, I like to be in a very difficult situation, so everything can simply be better.
I far as I see, Forex is a match. I think we need to see it as a game, and never be effraid of buying advertising fast. Think in a second, behave in a fraction of seconds. And bid on risky thing: Gold, Pesos, SEK, INR whatever which can help you get high quickly.
I can not understand the ones who think: I will do 5 pips a day... that is crazy, we are here in order to become wealthy, zero risks = no method to acquire a lot of cash. In that case I prefer go in a standard work with a boss over me.
I've rised my account into 2.6M USD doing no more than 10k, 20k / trades. I've done 20/ 30 trades with no loss in less than one hour.
Forex is my new prefered movie game.
Launched at 0 (well 500) if I've 100k, I will not have anxiety, or worry about a determination.
If someday I loose everything, I will have lost 500... I do not care.

See you soon

It is very little margin to make trades,to receive a fantastic profit you have to wait a lot of time.
Be patient.

In another thread I clarified I earned 50% of my demo equilibrium with GCI in only 3 times, simply pushing the buttons just like a baby since I didn´t know at that moment anything regarding Forex, it was the very first week I was geting some advice about.

I was quite excited because 50% in 3 days! I was only waiting my job paycheck to open a real account; then while awaiting I found several websites about ratings and testimonials of brokers, and also the way disapointing was to see that nearly everybody badmouth about themsaying how much simple was to earn money from the demo and how hopeless was at the real matter, slipage, delays in closing places, etc., there's a video in yotube which shows a man attempting to close a deal and following 15 minutes. Eventually closes with a reduction when actually he was gaining a few pips when he placed the end order.

Of courseI didn't offer them a try; therefore I can't tell I lost real money with them, but if you look at google for broker testimonials there are a few eduional websites which can provide you with an idea to choose your own decision.

Ya, I have never traded with them either but I've heard fairly bad rumors/reviews about them. .

Prevent GCI! Awful especially if u triumph. .