Thread: How different is DEMO vs. LIVE account trading

I made 6000pips on cos I forgot to look at the platform for six months. . .lol

Call me strange, but I care about pips and not about cash. I get exactly the identical happy feeling once I profit on a demo account as once I earn actual money. Likewise, I do not feel the gap between life and demonstration losses.

Mt4 demonstration is fantastic for studying what Foreign Exchange looks like and behaves like

I suggest fxcm micro, you can't really beat them. Spreads and funding that is minimal is 25 bucks and you can fund via paypal/credit card. Available same day for the most part.

Originally Posted by ;

Call me strange, but I care for pips and not about cash. I get the identical happy feeling once I profit on a demo account as when I earn money. Likewise, I do not feel that the difference between demo and life losses.

Right, that's only true until you start dwell one. It is completely different and
I mean totally. Each is good playing with peanuts. .

I tell you even more, that each one needs to start with live account

mini account 0.01 lot will provide you ability to play with 1 cent per pip. I really don't think you heading to

cry losing 40 cents or so, but it's quite near reality. Ones you

feel better, you can always raise lot sizes. . Execution is quite different between Demo and Live.

Demo will execute your order even while pair is quickly moving and dwell account will provide you Off quotes Error,

trigger when you push that button, pair ought to be still and not in move in any way.

45) Staying in the Game -- I don't advocate demo trading since traders understand bad habits when trading with play money. I also don't believe”letting it all hang out” right away is sensible . Start off doing trades and taking risk that is somewhat small but still makes a difference roughly a quarter to a third of what you expect to achieve as your trading matures is reasonable.

Https://www.forexsoutheast.asia/cryp...ail-alert.html

Its a different ball game when you are playing a live ac versus a demo. Not a lot will be trendy when their platform/computer/internet crashes during a commerce. Everybody there states treat the demo like real and actual . But, not all people can accomplish that.

Use a demo to get a sense of this platform, order entry/exit/management, etc.. Then move to a ac using a small but significant amount for you to feel the heat of the kitchen.

Re the plogy, I may have a trade move $50 against me, and it doesn't bother me any more than in demonstration. I've proved that on several occasions, to myself.

However, if I was trading at 100x that level, i.e. $5,000 down, then I understand that my emotions could overrule my trading choices.

So my'comfort brink' lies somewhere between these extremes, and the only way I'm going to find out for certain would be to try!

I guess that each individual has a different relaxation threshold, and that much likely depends upon his financial predicament, and appetite for risk. I guess that people's threshold is a lot lower than what they may think.

Compare the gap and hanging your head in the trash basket and heaving on out your guts.

Demos are for learning a trade platform, to not gain experience.

Originally Posted by ;

Re the plogy, I may have a live commerce go $50 from me, and it will not bother me any more than in demo. I have proved that on several occasions, to myself.

But if I had been trading at 100x that amount, i.e. $5,000 down, I KNOW that my emotions could overrule my trading choices.

So my'comfort threshold' lies somewhere between those extremes, and the only means I'm going to find out for sure is to try!

I guess that every individual has a different comfort threshold, and that much probably depends on his financial situation, also...

True. The larger the size of your account, the larger the threshold is. Thats why you should risk a fixed percentage which you feel comfy with. Set, and stay with it. In my opinion that is about the closest you can get to emotion trading.

Maybe the above is a bit too utopic, but also learning to love your losses is among the greatest attributes to becoming a successful trader in my own opinion.

Originally Posted by ;

.... For me, there is reallyn't any psychological distinction between demo and live.

At least demo trading enables you time to sharpen your strategy, learn from your mistakes (ideally ) and get prepared for the real world. Don't go live until you've demo traded for at least three consecutively profitable months and after that begin with the smallest lot size you can.

At this point all you are seeking to do is learn to trade profitably; the larger prize will follow.

Peter, I learned a lot out of your thread. Read your articles over and over agian.

Demo traded for about 7 years prior to opening a real account (no, it is not a typo, it is seven). Subsequently opened and busted a account. Went to micro accounts. Busted six or seven of these. And busted my account . Then went to demo for a second eleven months prior to re-starting.

Trading is my profession now. The major achievement factor as you mentioned previously was to maintain my position sizes small, very small, very very small.

I don't understand how to thank you for your advice. Possibly this experiece that is my assists.

Originally Posted by ;

PeterI learned a lot from the thread. Read over your posts and and over agian.

You should be a sucker for punishment.

Originally Posted by ;

Demo exchanged for approximately 7 years prior to opening a real account (no, it is not a typo, it's seven). Then broken and opened a true account. Went to micro accounts. Busted six or sevenof them. And busted my account . Then went to demo for another eleven months prior to re-starting.

Up to now, one live and one demo for me. I fight tooth and nail to not let this happen again, so my demo account is as important to me as the one. I will need to rethink what I am doing, if I blow another demo then. I would like to move away from taking shorter-term trades (1 - 3 days is short for me) and discover ways using S/R which will let me endure for months. That's the purpose of this demo, to test out new ideas and egies whilst creating the dwell account slow but certain.

Originally Posted by ;

Now trading is my profession. The major success factor as you mentioned above was to maintain my place sizes small, very small, very small.

I really don't understand how to thank you for your advice. Possibly this experiece that is my helps.

It's good to know that my main aim when starting that thread was to help at least one person make a success of the. I feel satisfied if you are that you.