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9/04/2024 5:17 am
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3/09/2016 3:34 pm
I think we got to take practice as the real logic behind demo account, so it is obviously not about demo but more about learning. I don’t’ need to participate on demo account anymore, it is because I can join on better place which is OctaFX broker’s demo contest like Southampton Supreme, it is super cool with having unlimited prizes as well, the best part is the duration of this contest, it is just 90 minutes yet the prize is unlimited while there are many other great contest like cTrader and Champion available, so that too is seriously good and helps us with practicing with having great motivation as well which is really what one wants when consideration of practice comes into mind.
6/12/2015 9:23 am
No, I don’t think demo account could ever be time wasting, it’s really great if we use it well because we can work without paying anything and there can be a lot of stuff that we could be learning from, but if we don’t have interest in demo account then we will never be able to learn things and we will just stop at one position in our career.
I am very lucky with having OctaFX broker as my trading company. They are seriously profitable with excellent demo account while there is also outstanding cTrader demo contest with 500 dollars prize and 150 dollars first prize, so I can easily participate on it per week and get epic rewards from it.
5/13/2015 2:27 pm
Yes, it is waste of time for me because I am using perfect free welcome bonus of $200 by Nova FX broker, so after that what else do I need? I believe this is everything and I am not really required to have any demo account. I can use this free bonus as a tool for learning with great enthusiasm and also have an opportunity to earn some money, as $200 is a massive and at times life changing amount.
4/12/2015 7:31 pm
David Young wrote:
It is completely wrong as demo account is really vital and without that it is not possible for anyone to be successful. I prefer using demo contest account over normal one because with OctaFX the broker that I trade with has great money prizes with their cTrader demo contest, it has up to 400 USD prize for the winner and we get so much knowledge from taking part against some of the finest traders and if we earn there is double rewards.
Demo account might be waste of time for some but for me it’s a start of a wonderful journey. It’s due to only one broker and that is one which you mention OctaFX, it is really too good of a company and using such a fabulous broker means I have got advantage in everything including demo account, I am not talking about the normal demo account because that’s just for learning.
I am talking about the massive opportunity that they are providing us with their Champion demo contest, it has 500 USD first prize and anyone winning this would surely have happy next few month and one of those lucky one is me, I have been able to win this and that really helped me to have great capital for real trading but also provided me knowledge as well.