1 of 1- sam9630
- moneyfx advance
Offline - Registered: 10/01/2013
- Posts: 109
Demo verses real trading ?
What is the main difference between the real trading and the demo trading and how much the demo trading is the different for the real trading . so what is main difference between the real trading and the demo trading?
- Hasan87
- moneyfx advance
Offline
- From: Bangladesh
- Registered: 10/08/2013
- Posts: 46
Re: Demo verses real trading ?
There is a huge difference between demo trading and real or live trading. Demo is basically for practice. Newbies can practice here in order to acquire some knowledge and experience regarding Forex trading business. But live account is just like live. Here is your actual test for forex business.
- islamnoor34
- moneyfx advance
Offline
- From: Asia
- Registered: 9/30/2013
- Posts: 72
Re: Demo verses real trading ?
Demo trading is waste of time for professionals. They should jump into real trading instead of spendig time in Demo trading. Demo trading is somehow good for beginners. What about demo competition offered by Forex firms.
- Bruce Reid
- moneyfx advance
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- From: Pakistan
- Registered: 2/14/2015
- Posts: 282
Re: Demo verses real trading ?
You can’t be really comparing demo with real as both have own functions and we can’t mix them. Demo account is with virtual money so winning or losing won’t matter since money is just showpiece. Now about real account that is obviously the main thing of making profits. I love to use real account only even for learning but Micro account that too with OctaFX broker which also has won the award for fastest growing micro account in the world due to their service.
- Chris Adams
- moneyfx advance
Offline
- Registered: 2/21/2015
- Posts: 112
Re: Demo verses real trading ?
Demo in my view is not necessary at all because we have offer options available, I am using just that with Nova FX, I am trading using their epic 200 dollars welcome bonus, it’s fantastic to be trading with a giant figure like that, it helps me greatly and I can make serious profits. I can try everything with this bonus and there is no restriction while the withdrawal policy is straight forward with requirement of 20 lots in a month (30 days).
- Kepler Wessels
- moneyfx advance
Offline
- Registered: 4/16/2015
- Posts: 42
Re: Demo verses real trading ?
Demo account is for learning purpose and it’s limited to that only, if we want to have real cash then we must be working with real account. It’s important to begin as a demo trader, it just gives us enough experience to work well while if we lose we still get covered up with another demo account, it’s no limit on how many we can use so that’s why it’s so great.
I am lucky to be working with high quality and a true ECN company, it allows me to open as many demo account as I wish and that really boost my chance to bigger levels and that broker is OctaFX, it has also achieved award for been the best ECN broker of the year, so it’s really great to be working with them.
- David Young
- moneyfx advance
Offline
- Registered: 12/29/2014
- Posts: 44
Re: Demo verses real trading ?
I have left demo account long time ago since It’s no longer required as far I am concern, this is to do with OctaFX broker. I have left demo ever since I joined this incredible company since they got beautiful demo contest like Southampton Supreme, it is seriously short (90 minutes) yet the prizes are simply flattering been unlimited. I can regularly participate on here since it’s weekly base and it gives me practice in a way which I love most and that’s to do with the duration, it’s so short that we can only do scalping and when you are regularly practicing with such technique, it is so much easier to switch that into real and be able to make regular profits.
- Bruce Reid
- moneyfx advance
Offline
- From: Pakistan
- Registered: 2/14/2015
- Posts: 282
Re: Demo verses real trading ?
David, I am in same boat as you, I also hate demo account because I feel seriously bored and that way I can never execute things properly, so that’s why I have preferred more towards OctaFX broker, as we all know very well they are like station for demo contest. It’s not just one dimensional, but they have variety like Champion is more for long term traders while cTrader is balance with 5 days long while the latest offering is very unique which is Southampton Supreme, it’s just 90 minutes contest that happens every Monday yet got the highest prize for winners which goes up to 1k average, it’s just so good for replacement for demo when It comes to beginners.