the question is how long have you played on a demo account, that's the question, for me playing on a demo account is not something bad and not something that is detrimental, we can learn there before plunging into the real one, yes only if you play too long demo account, like 1 year maybe ?, of course it's a waste of time, so remember, if you want to be successful then you have to dare to try it.
And I don't dare also to stay on the DEMO for a year, and if we are able to make it just a week or a month, that is enough I think. 
Topic: Trading your strategy on DEMO is a waste of time - page 3. (Read 805 times)
Well, DEMO might be a part of the process. May we say that it was a waste of time but just to know that as a new trader, it really affects us and this is a big help for them to have some insights of what they do. But of life don't just stop there, we have to move on and find another ways to have a better trading strategy.
the question is how long have you played on a demo account, that's the question, for me playing on a demo account is not something bad and not something that is detrimental, we can learn there before plunging into the real one, yes only if you play too long demo account, like 1 year maybe ?, of course it's a waste of time, so remember, if you want to be successful then you have to dare to try it.
I am one of those people who are always careful in using money, so that's why I started trading for the first time using the demo feature.
Because I realized that my trading knowledge was still lacking, and I would lose a lot of money if the first time I traded directly using real money.
That's why I started with demo trading, which after I did a few times, I started to understand how to trade properly. So demo trading for me is
very useful, to provide experience before I actually trade using real money. Even now, I still often use demo trading, to try out some of
the new strategies that I will use in real trading.
Because I realized that my trading knowledge was still lacking, and I would lose a lot of money if the first time I traded directly using real money.
That's why I started with demo trading, which after I did a few times, I started to understand how to trade properly. So demo trading for me is
very useful, to provide experience before I actually trade using real money. Even now, I still often use demo trading, to try out some of
the new strategies that I will use in real trading.
I personally started trading with real cash, i value the real life experience it gave me because i paid for the lessons with my hard earned cash. It is not a must that everyone must start trading with a demo account, or start trading with real cash, whichever works best for you is fine.
Yes, it depends on personal preferences. Some people want to jump on the train, whereas, others want to test it first. Because demo trading is helpful especially for those beginners who has no idea what trading is. In this manner, they will gain steps on how to execute a specific trade, without worrying that they will lose money. Definitely, actual trading will give you the real experience. But demo is beneficial to some new users, and I don't want to disregard its purpose to these people.
your perception is very true trading only for people who are mentally strong and ready to lose. because in trading there is no such thing as instant profit, all must go through a process. So I think right now it's probably just a long way to go to see how it goes. now trading strategies must be done carefully and cannot be done by anyone without technical accuracy. it is like a money-making study but requires mental and mental strength
The process is continously changing and if you are aiming to survive with this business
you needed to keep enhancing your knowledge, most of those who start with trading
they are using demos to familiarize with how things works around exchange, knowing
all the principles and fundamentals will enhance your chance.
direction on how to deal with it because you wouldnt know on how to make use of it even just on how to put an order and thats really a difference.
Overall, once you have take some knowledge on how things works then continue to learn not sticking with demo but on the actual trades that you do.
Just make use of this one when you are trying out something like technicals where it is ideal to utilize this on this kind of way.
I personally started trading with real cash, i value the real life experience it gave me because i paid for the lessons with my hard earned cash. It is not a must that everyone must start trading with a demo account, or start trading with real cash, whichever works best for you is fine.
before trading it is better to be able to try to apply mentality and also learn trading in depth. because the science of trading seems difficult to understand for beginners, no professional trader will succeed before going through learning. so I think now to be able to continue in trading, you must pay attention to the learning side of trading and also the knowledge of trading
And all of those knowledge will come once you start to trade for real. Having your own money at your account and trading it for different altcoins or assets that you think will grow overtime. Trading doesn't have to be a day to day activity and you can always have your strategy tested out by the demo accounts. I don't understand why some people would say that it's not useful but it's a good way to test yourself if you really are prepared for it. You will be happy to see how much possible gains you've made if you just did it on actual accounts. I've felt that before and yet hard to maintain your expectation once you trade actually.
before trading it is better to be able to try to apply mentality and also learn trading in depth. because the science of trading seems difficult to understand for beginners, no professional trader will succeed before going through learning. so I think now to be able to continue in trading, you must pay attention to the learning side of trading and also the knowledge of trading
Actually there is no satisfaction to trade through bot. You can't be able to feel what is happening. You can trade huge amount in demo as it is free but in reality it is so tough. But in learning period it helps a lot to understand all the features.
But that still worth trying as you can learn some lessons using that demo account. Even if you can not trade a huge amount in the demo, you can expect to get something useful from the demo to help you when you use a real exchange to trade.
I will suggest new people use a demo account as a start because they can learn about trading and not use their real money.
I think they will get the point of the lesson to apply in the real account, and they can be careful when they trade.
Sometimes it will make you bored to trade without real money involve, but of course you can start trading with real money but always start small and gradually increase the amount of exposure once you feel the consistency in winning, the purpose of demo trading is just to help the traders explore but trading always require real money if you want some real action.
Actually there is no satisfaction to trade through bot. You can't be able to feel what is happening. You can trade huge amount in demo as it is free but in reality it is so tough. But in learning period it helps a lot to understand all the features.
But that still worth trying as you can learn some lessons using that demo account. Even if you can not trade a huge amount in the demo, you can expect to get something useful from the demo to help you when you use a real exchange to trade.
I will suggest new people use a demo account as a start because they can learn about trading and not use their real money.
I think they will get the point of the lesson to apply in the real account, and they can be careful when they trade.
your perception is very true trading only for people who are mentally strong and ready to lose. because in trading there is no such thing as instant profit, all must go through a process. So I think right now it's probably just a long way to go to see how it goes. now trading strategies must be done carefully and cannot be done by anyone without technical accuracy. it is like a money-making study but requires mental and mental strength
The process is continously changing and if you are aiming to survive with this business
you needed to keep enhancing your knowledge, most of those who start with trading
they are using demos to familiarize with how things works around exchange, knowing
all the principles and fundamentals will enhance your chance.
Actually there is no satisfaction to trade through bot. You can't be able to feel what is happening. You can trade huge amount in demo as it is free but in reality it is so tough. But in learning period it helps a lot to understand all the features.
your perception is very true trading only for people who are mentally strong and ready to lose. because in trading there is no such thing as instant profit, all must go through a process. So I think right now it's probably just a long way to go to see how it goes. now trading strategies must be done carefully and cannot be done by anyone without technical accuracy. it is like a money-making study but requires mental and mental strength
Exactly, I also had the same thinking like everyone that we should trade on demo but when I saw that there is a big difference between the results in demo and real, I changed my mind. Still, demo gives a glimpse of how trading works and it should be traded on, before going live. I won't say you should do it for a longer period, but at least 2-3 months before going live. And like you told us, $10 is enough to try out a trader's capability if they are able to handle the pressure and keep patience while practising good risk management or not.
The Demo version really creates a lot of untrue perspectives on the real market, exactly as you say, when we enter the real market, the results we get will be very different, sometimes we are a king who won a lot of previous matches but then become a loser in our own battlefield, although it actually gives us the feeling of being familiar with trading but I still discourage it. Too wasteful of time and unproductive, spending a little money to experience true feelings will be better, don't be afraid to lose or fail when trading, no trader is perfect I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; you need to feel the heat, be under pressure.
Trading is for individuals who can afford to lose money, so if you cannot afford to loose money; please do not trade. In trading we are here to multiply money and not create it; live trading helps you compound losses or multiply money; while demo trading creates money for you.
No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
Trading is for individuals who can afford to lose money, so if you cannot afford to loose money; please do not trade. In trading we are here to multiply money and not create it; live trading helps you compound losses or multiply money; while demo trading creates money for you.
No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
I completely agree with you. I remember how 10 years ago I decided to try my hand at Forex trading for the first time. I was offered training and trading on a demo account, but I decided not to waste time and went to trade immediately on a real account for real money. My contribution was $ 1 and was able to increase it 10 times in some time, that is, to earn $ 10. Since I just tried my hand at forex, my task was just to try and then I stopped trading, as it took too long. But I am glad that I got experience on a real account and very quickly understood what and how it works.
You have a point with what you're telling.
But that's actually the point of doing demos. You can several strategies on it and whether it's a newbie or experienced one, it's okay to do demos for your strategy.
I get the point of what you say that you can really test yourself and a strategy through live and real money but demos are also a good place to start with.
But we need only to set some period of time to use demos and should have a courage to try it real since that's what the real trading is, that's the only time where we can earn and feel the pressure, when there is pressure, there is a chance that they will work harder to earn and to know how we can strive harder. The presuure will only be in real money and may not be in demos. But that's actually the point of doing demos. You can several strategies on it and whether it's a newbie or experienced one, it's okay to do demos for your strategy.
I get the point of what you say that you can really test yourself and a strategy through live and real money but demos are also a good place to start with.
But the point is until you're confident and good enough then just do it. That's why it's a demo account, you don't have to pressure yourself.
You have a point with what you're telling.
But that's actually the point of doing demos. You can several strategies on it and whether it's a newbie or experienced one, it's okay to do demos for your strategy.
I get the point of what you say that you can really test yourself and a strategy through live and real money but demos are also a good place to start with.
But we need only to set some period of time to use demos and should have a courage to try it real since that's what the real trading is, that's the only time where we can earn and feel the pressure, when there is pressure, there is a chance that they will work harder to earn and to know how we can strive harder. The presuure will only be in real money and may not be in demos. But that's actually the point of doing demos. You can several strategies on it and whether it's a newbie or experienced one, it's okay to do demos for your strategy.
I get the point of what you say that you can really test yourself and a strategy through live and real money but demos are also a good place to start with.
Some people use it for a week and then start real trading and make a profit from all the things they learned, some people test the demo for months and still fail in real trading and go back to demo to learn more. Long story short there is really nothing you could do to pinpoint a period and there is no reason to keep doing it forever as well, it is just a period that people will decide themselves, changes from person to person but one thing common for all is stopping eventually. That is at least how it should be, I have a friend who still uses it even though he does real trading, he thinks it is just very fun and like a game so I guess that works too.
You must notice that trying the demo isn't a must!! If you need it, you can try it to help you get more understanding of trading on that exchange. It is not all about your trading skills or your knowledge in trading but the demo introduces you to know "how to use the trading features on the exchange properly". I think as a professional trader, you know about it very well, mate.
Trading with demo is not all that bad, I think people normally use demo's to test their trading strategy first before applying it on a live trade, but you are right noobs can't relay on succeses with demo trading to show that they are good to enter the market, they need to invest real case and feel the heat and the emotions they would have trading with their hard earned, unlike the demo cash that they can simply reload after they lose it all to wrong trades.
One of the keys to successful crypto trading is having trading experience, how to get trading experience without spending money and having
no risk. We can use trading platforms that provide a demo version, because we usually trade using money that is not real. Even if we lose we
don't lose anything, so demo trading is great for enhancing our trading experience and getting us more trained when trading. So if anyone says
demo trading is a waste of time, I'm sure they haven't tried it.
no risk. We can use trading platforms that provide a demo version, because we usually trade using money that is not real. Even if we lose we
don't lose anything, so demo trading is great for enhancing our trading experience and getting us more trained when trading. So if anyone says
demo trading is a waste of time, I'm sure they haven't tried it.
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