Demo Account, Should Not Be Related To A Real Account - page 2.

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Quote from: stomachgrowls on December 20, 2022, 03:29:01 PM

Quote from: Sakanwa on December 20, 2022, 11:18:18 AM

Quote from: Obari on December 09, 2022, 11:50:48 AM

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Let me answer this questions sequentially with the few knowledge I have and I hope I help some few persons too
Firstly, people shouldn't relates demo accounts to that of the real account because the demo account is just an account with merely virtual funds which the trader knows that he has nothing to lose from his end and with so doing, there are possibilities of trading with comfort and focus, but when one starts trading with real account with has to do with real money from ones pocket, then there are usually great zeal to make profit at all cost and I leads to over leveraging and possible blowing of trading account.
People still start making losses on real accounts after long time trading demo successfully because the mindset has been changed and people wound to make huge profit in tye shortest possible time.

This is true and this is their main differences on which you would really be that not on focus on the time you are using real funds on your trading account or simply a live account,because;

1. You would be thinking that you should be careful because having mistakes = loss of money
2. You would be minding about getting the lowest price as possible before you do enter,
same goes when you do tend to sell on which thinking up with the peak price.
3. Having those uncertainties and doubts because of unpredictability of the market.

These arent surprising things but rather to be normal and this is their main differences in between demo and live.

I definitely agree on what you had said about emotional aspects on which on demo, you wont really be that afraid on having those losing trades or mistakes or errors because
you do know that you cant lose money with that unlike when you are using your own real money then you are really that careful on taking up some actions because you are
afraid that you might be wrong or commit out some mistakes which would really be costing you money. Demo is indeed good for testing out various strategies
which you might able to apply it on live account or real funds.

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Quote from: Sakanwa on December 20, 2022, 11:18:18 AM

Quote from: Obari on December 09, 2022, 11:50:48 AM

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Let me answer this questions sequentially with the few knowledge I have and I hope I help some few persons too
Firstly, people shouldn't relates demo accounts to that of the real account because the demo account is just an account with merely virtual funds which the trader knows that he has nothing to lose from his end and with so doing, there are possibilities of trading with comfort and focus, but when one starts trading with real account with has to do with real money from ones pocket, then there are usually great zeal to make profit at all cost and I leads to over leveraging and possible blowing of trading account.
People still start making losses on real accounts after long time trading demo successfully because the mindset has been changed and people wound to make huge profit in tye shortest possible time.

This is true and this is their main differences on which you would really be that not on focus on the time you are using real funds on your trading account or simply a live account,because;

1. You would be thinking that you should be careful because having mistakes = loss of money
2. You would be minding about getting the lowest price as possible before you do enter,
same goes when you do tend to sell on which thinking up with the peak price.
3. Having those uncertainties and doubts because of unpredictability of the market.

These arent surprising things but rather to be normal and this is their main differences in between demo and live.

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Quote from: Obari on December 09, 2022, 11:50:48 AM

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Let me answer this questions sequentially with the few knowledge I have and I hope I help some few persons too
Firstly, people shouldn't relates demo accounts to that of the real account because the demo account is just an account with merely virtual funds which the trader knows that he has nothing to lose from his end and with so doing, there are possibilities of trading with comfort and focus, but when one starts trading with real account with has to do with real money from ones pocket, then there are usually great zeal to make profit at all cost and I leads to over leveraging and possible blowing of trading account.
People still start making losses on real accounts after long time trading demo successfully because the mindset has been changed and people wound to make huge profit in tye shortest possible time.

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Quote from: Beparanf on December 19, 2022, 02:33:42 PM

Quote from: wxa7115 on December 19, 2022, 12:32:45 AM

I think that this in part explains why newbies make so many mistakes when they trade using real money, if they begin to use a demo account they take risks that are too high, and if they happen to be lucky in a few traders suddenly they feel that trading is easier than what they thought, and believe that if they follow the same kind of strategy while using their money they will be as successful as when they were trading with a demo account, and such a thing is false.

When we’re in Demo we don’t really mind what will happen in any decisions we do in trading, but if we actually do it we put some doubts in our decision whether to trade it or risk more in it. It will depend us if we will take demo account seriously which can help in improving our decision making ability. Though, if we want to start without wasting time in demo accounts, it is better to have extra money that we can lose and can spend for training. Consider it at first as a fee to be able to learn how to trade with real money involve for us to exercise our control and to make decisions knowing their is real money at stake. Losing some money in starting can set our determination when it comes in trading.

Actually, this is a good practice if you can afford to lose your money and treat it as a fee for learning the real movements when working inside trading, chances of gaining deeper knowledge will allow you to properly adopt and adjust with how the market is moving, demo account might give you idea but working with the real market will established and enhance your knowledge, emotions and good money management can be adjust if you know how things will work in favor of your investment.

Quote from: Hamphser on December 19, 2022, 04:55:59 PM

Quote from: nurilham on December 19, 2022, 04:36:20 PM

Quote from: Mate2237 on December 19, 2022, 02:02:50 PM

Demo account trading is very far from real account trading. In demo the broker didn't take you to the deep of the trading that is, in demo you are you are just on the periphery. In demo you are not afraid to enter the market because the money you are using to trade is not a real money but in the real trading account your to monitor the movement not the trade and if you do small mistake, everything is gone.

You are right. In Demo account, we have no pressure to use the money for trading in anyway because it isn't real money. So, we won't be afraid even if we fail to trade there, we don't lose anything. While in real account, we use the real money that we deposite to the account. If we fail to trade in the account, we really lose money. So, we have a pressure to use money and we must be more careful to trade here. However, as long as we use spot trading, we don't lose everything, we don't lose all the money. But when we fail in trading, the money in the account is getting less and less.

There would be no indeed pressure on executing your trades because you do know that you arent losing something which means that you cant really be serious for whatever strategies you would tend to apply.

You would really be having in your mind that you wont lose nothing so therefore, you would really be careless into your actions.This is the most common scenario or feeling that you would be felt off when you are

dealing with DEMO trading, yes it could really be good on testing out your strategies but this isnt something which is good on developing your emotional skills or something correlated to this.
On the time that you had familiarized in speaking with those tools and indicators then it would be ideal if you do really tend out to dive in directly on live account which would really be truly testing
out your skills specially on financial aspects where you cant able to get when you do demo.

Demo account may give you a glimpse, but the reality of everything depends on how you adopt the market situation, especially if you'll going to deal with the volatile market as how crypto market works. It's more on how you adjust and follow the market trends, something that can be enhanced when you already dealing with the live market using your hard earned money.

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Quote from: nurilham on December 19, 2022, 04:36:20 PM

Quote from: Mate2237 on December 19, 2022, 02:02:50 PM

Demo account trading is very far from real account trading. In demo the broker didn't take you to the deep of the trading that is, in demo you are you are just on the periphery. In demo you are not afraid to enter the market because the money you are using to trade is not a real money but in the real trading account your to monitor the movement not the trade and if you do small mistake, everything is gone.

You are right. In Demo account, we have no pressure to use the money for trading in anyway because it isn't real money. So, we won't be afraid even if we fail to trade there, we don't lose anything. While in real account, we use the real money that we deposite to the account. If we fail to trade in the account, we really lose money. So, we have a pressure to use money and we must be more careful to trade here. However, as long as we use spot trading, we don't lose everything, we don't lose all the money. But when we fail in trading, the money in the account is getting less and less.

There would be no indeed pressure on executing your trades because you do know that you arent losing something which means that you cant really be serious for whatever strategies you would tend to apply.

You would really be having in your mind that you wont lose nothing so therefore, you would really be careless into your actions.This is the most common scenario or feeling that you would be felt off when you are

dealing with DEMO trading, yes it could really be good on testing out your strategies but this isnt something which is good on developing your emotional skills or something correlated to this.
On the time that you had familiarized in speaking with those tools and indicators then it would be ideal if you do really tend out to dive in directly on live account which would really be truly testing
out your skills specially on financial aspects where you cant able to get when you do demo.

nurilham

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Quote from: Mate2237 on December 19, 2022, 02:02:50 PM

Demo account trading is very far from real account trading. In demo the broker didn't take you to the deep of the trading that is, in demo you are you are just on the periphery. In demo you are not afraid to enter the market because the money you are using to trade is not a real money but in the real trading account your to monitor the movement not the trade and if you do small mistake, everything is gone.

You are right. In Demo account, we have no pressure to use the money for trading in anyway because it isn't real money. So, we won't be afraid even if we fail to trade there, we don't lose anything. While in real account, we use the real money that we deposite to the account. If we fail to trade in the account, we really lose money. So, we have a pressure to use money and we must be more careful to trade here. However, as long as we use spot trading, we don't lose everything, we don't lose all the money. But when we fail in trading, the money in the account is getting less and less.

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Quote from: wxa7115 on December 19, 2022, 12:32:45 AM

I think that this in part explains why newbies make so many mistakes when they trade using real money, if they begin to use a demo account they take risks that are too high, and if they happen to be lucky in a few traders suddenly they feel that trading is easier than what they thought, and believe that if they follow the same kind of strategy while using their money they will be as successful as when they were trading with a demo account, and such a thing is false.

When we’re in Demo we don’t really mind what will happen in any decisions we do in trading, but if we actually do it we put some doubts in our decision whether to trade it or risk more in it. It will depend us if we will take demo account seriously which can help in improving our decision making ability. Though, if we want to start without wasting time in demo accounts, it is better to have extra money that we can lose and can spend for training. Consider it at first as a fee to be able to learn how to trade with real money involve for us to exercise our control and to make decisions knowing their is real money at stake. Losing some money in starting can set our determination when it comes in trading.

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Quote from: xSkylarx on December 17, 2022, 06:19:55 AM

Quote from: Dollar_Hunter on December 17, 2022, 04:18:51 AM

Quote from: crzy on December 16, 2022, 06:47:04 PM

Quote from: Obari on December 09, 2022, 11:50:48 AM

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade.

Also on the demo account I don't think the situation corresponds to reality,
demo account is just a place to learn so don't take it as a parameter,
for sure when real trading then we will feel the difference

A demo is still related to reality but not the money because it is just a practice also most of the others said that you don't feel anything while trading, unlike the real one where you feel all the stress and pressure which is true but still depends on the trade because there are a trader that doesn't want to risk their money first or has still no confidence so they will try it first and the other one is to feel it and also they can easily learn while using the real account but still it is on trader preference since my preference is trying to demo account before depositing money.

One of the factor inside real trading account is the pressure that you need to overcome, just like how you described it, that pressure always influence the way you decide, without real experienced how to handle pressure the chance that you will fail to pick the right thing when you are in the middle of tough decision making.

Unlike with demo account, you can keep pushing your strategy win or lose you will try and see if what will happen after, with real money there's fear of losing, you always wanted to be in the safe side if possible.

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Quote from: Obari on December 09, 2022, 11:50:48 AM

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo account trading is very far from real account trading. In demo the broker didn't take you to the deep of the trading that is, in demo you are you are just on the periphery. In demo you are not afraid to enter the market because the money you are using to trade is not a real money but in the real trading account your to monitor the movement not the trade and if you do small mistake, everything is gone.

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Quote from: ?? on ??

It is a pity that many people often confuse a demo account with a real one, and then they are surprised by the negative results. I advise you to first actively and efficiently learn on a demo account, and only then try your hand at a real one. When I started working with a broker from Amarkets, I did just that.

Trader that using Demo usually don’t feel pressure when using it that’s why it gives a different result when the same trader use the real account because will always cloud there judgement to think the right strategy for there trading since they will consider already the sake of there money involved.

Actually demo account and real account is just the same technically. Only the trader mind is changing that’s why the result differs for both account.

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Quote from: ?? on ??

It is a pity that many people often confuse a demo account with a real one, and then they are surprised by the negative results. I advise you to first actively and efficiently learn on a demo account, and only then try your hand at a real one. When I started working with a broker from Amarkets, I did just that.

Demo accounts are accounts meant for trial, practice and it's highly recommendable for newbies who are into trading forex. It's very important they know the basis of trading, how to fund account, setting up lotsize, TP and SL with margin level. All these are very essential for trades to be executed. Real accounts are very relatable to those who have funded trading accounts with their money rather than boost about money one can't withdraw. Real accounts determined one as a trader while demo accounts limit them to newbies. Trading is all about feeling and how to control emotions when under pressure, FOMO, FUD of either loss of profits. A trader can experience that with demo accounts but can achieve it with real accounts.

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Quote from: wxa7115 on December 19, 2022, 12:32:45 AM

if you are not careful trading while using a demo account can generate bad habits which can be near impossible to get rid of.

That's true. Demo account is for practicing and not for learning the basics. Risk management kind of basics of trading should be learned from books or mentors and beginners should apply those basics in demo account to familiarize themselves into trading ecosystem. This way they could avoid bad habits.

Quote from: Alisha-k on December 19, 2022, 03:32:51 AM

Both experience has a very big margin that cannot be related in any way. Real accounts will stress the mental thinking and emotion as well. in most cases it magnifies fear and anxiety.

I agree that the experience gained through demo account could be different still not for every trader. Yes, if you are very much keen on learning process and trying to utilize all the available opportunity then definitely will look for learn something rather than leaving off a simulation.

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Quote from: isaac_clarke22 on December 17, 2022, 05:26:28 PM

Quote from: kamvreto on December 17, 2022, 06:26:45 AM

~

This was one of my thoughts when I was thinking of using virtual account to trade or at least practice my day trading knowledge. Now I know why I was right that I should not used those as it is entirely a different experience when you trade with your own real money rather than the other way around.
When using demo account, you might not give a shit at all on how much you lose since you are not losing money anyway.
The mental pressure is different when you are using your own money for real.

Outside giving a shit on how much lost in virtual accounts the zeal to understand what actually caused the loss and how to limit those loses might not be there because the money involved is only virtual and cannot be withdrawn. Both experience has a very big margin that cannot be related in any way. Real accounts will stress the mental thinking and emotion as well. in most cases it magnifies fear and anxiety.

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Quote from: isaac_clarke22 on December 17, 2022, 05:26:28 PM

Quote from: kamvreto on December 17, 2022, 06:26:45 AM

~

This was one of my thoughts when I was thinking of using virtual account to trade or at least practice my day trading knowledge. Now I know why I was right that I should not used those as it is entirely a different experience when you trade with your own real money rather than the other way around.
When using demo account, you might not give a shit at all on how much you lose since you are not losing money anyway.
The mental pressure is different when you are using your own money for real.

Yes, so if you are not careful trading while using a demo account can generate bad habits which can be near impossible to get rid of.

I think that this in part explains why newbies make so many mistakes when they trade using real money, if they begin to use a demo account they take risks that are too high, and if they happen to be lucky in a few traders suddenly they feel that trading is easier than what they thought, and believe that if they follow the same kind of strategy while using their money they will be as successful as when they were trading with a demo account, and such a thing is false.

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As you may know or hear from it, is called Demo and can not be taken as real account whatever you do over there is not connected to live market and not the same force controlling the real account that is actually functioning with it so therefore whenever you fund a real account it requires additional knowledge and information, technicality to trade effectively.
Demo is for beginners also to catch cruise with it, it can always be funded back whenever you exhausted the allocated fund.
I was actually trading on demo but after some while practice and knowledge i thought I can do very well and I went on to fund my real account with least fund with me thinking I could make out something from it after funding and I entered trade, I ended up losing all while with the demo I always build up to 4x but I could hardly make profits with real account, after all I just leave trading and I said to myself is not for me.

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Quote from: kamvreto on December 17, 2022, 06:26:45 AM

~

This was one of my thoughts when I was thinking of using virtual account to trade or at least practice my day trading knowledge. Now I know why I was right that I should not used those as it is entirely a different experience when you trade with your own real money rather than the other way around.
When using demo account, you might not give a shit at all on how much you lose since you are not losing money anyway.
The mental pressure is different when you are using your own money for real.

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Quote from: Obari on December 09, 2022, 11:50:48 AM

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo account can't be related to a real account in the sense that no one is gaining and no one is losing hard earn penny it's more like fiction when compared to real account, there are certain features not embedded in demo unlike for that of real account. It's like you having to train for a fighting contest, the training days and the exact day of the contest the psychology differs. Now you want to apply too much carefullnes that were not giving by you before at training and too much carefullnes could at times lead to mistakes.
The untold truth here is that demo doesn't make a mastery it only a pathway of enlightenment to the system.

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Quote from: AicecreaME on December 17, 2022, 09:22:37 AM

Quote from: Obari on December 09, 2022, 11:50:48 AM

<...>
Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo accounts are just for advertisement, to make you hook up for trading, to change your mindset about trading, because you will start to think that it is that easy. Demo accounts doesn't give you anything except for false hope, in my opinion, since losing a trade will never bother you because it's just a demo account. The real deal is the real account, real money, and real experience, that'll change everything, it'll will break your expectations therefore if you're not emotionally and mentally prepared, you'll definitely break and will gone berserk.

You'll start to deposit your money until you've got nothing left, you just care about getting back your losses, without enough knowledge to make that happen. That's the negative side effect of it.

They arent advertisement but rather a real feature of a certain platform which you could really make use which i dont really see anything wrong with this.It is really just that people are way too dependent when it

comes to their demo results which on the time that they would switch up on full live account then things turns out to be already messy which is something very common on this kind of circumstances.
You would really be able to differentiate on the time you do get involved on both trading style where demo trading is totally different with live.

Its not an advertisement since you could anytime make use of a certain platform according to your liking after you had make use of other platforms demo trading feature.
If its likely you would be sticking on the same platform then it would really be your choice.People are really that different when it comes to choices.

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Quote from: Obari on December 09, 2022, 11:50:48 AM

<...>
Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo accounts are just for advertisement, to make you hook up for trading, to change your mindset about trading, because you will start to think that it is that easy. Demo accounts doesn't give you anything except for false hope, in my opinion, since losing a trade will never bother you because it's just a demo account. The real deal is the real account, real money, and real experience, that'll change everything, it'll will break your expectations therefore if you're not emotionally and mentally prepared, you'll definitely break and will gone berserk.

You'll start to deposit your money until you've got nothing left, you just care about getting back your losses, without enough knowledge to make that happen. That's the negative side effect of it.

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Quote from: harizen on December 16, 2022, 07:42:34 PM

~snip~They should think that trading is not that easy to do but on the bright side, can deal with the right strategy as long they are serious about building a good trading experience. Losing is part of the game and even professional ones still lose today. What matter there is, they learn after losses and try to minimize it as they progress.

Trading will not be that easy when using a demo account. trading experience will indeed shape our trading style and provide a lot of knowledge about what to avoid so as not to fall into the same mistake. Losses are also commonplace, but you also need to pay attention to the average loss and the profit must be greater than the profit so that trading can continue. The more you have trading experience, the more trained you will be.

Topic: Demo Account, Should Not Be Related To A Real Account - page 2. (Read 885 times)