can you learn driving a car in a simulator ? get a driving license and hit the real world ?
simulator's made for dealing with scenarios, and no simulator can give you the feeling of loosing or earning real money.
Topic: Trading your strategy on DEMO is a waste of time - page 5. (Read 881 times)
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 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.
Yeah, its just not the same in demo trading. The gain or loss doesn't hit you as it does in a live trade. I tried this at first as well and the emotions in actual trading is a lot different. You think to yourself that you're ready and won't be affected but when you actually see all the red and negative on your portfolio you'll really feel yourself sweating. In trading, you just really have to hit the ground running. What's good with demo trading is that it allows you to practice your entries and exits, assess whether you can identify the patterns and eventually familiarize yourself.
That is one of the disadvantages of Demo trading, so we as traders only make Demo trading one of the introductory methods, and despite the fact it will be very far from real trading. that's not what we need to take from Demo trading, but what we need to take is the system how it works and how to manage buying and selling. that's all, the rest we will be exposed to real movement. regardless of sweat and not when trading. it depends on how strong you are mentally in trading. Because the world of commerce will always have its own way of testing a person's emotional level.
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.
Actually i do agree with this one this is why i never intent to make out some demo trades because it is actually different when you are on the actual trading.The emotion you do felt in demo is really 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$; feel the heat and develop instinctively.
way too different when you are already on the actual trade where you do trade up your money and you would really be losing it once you do really make out bad trades.It is really giving out that
different feeling but it isnt really bad to make or try demo trades specially for some trial and error or making your analysis but its better to deal with the real one because you would
able to mold up anything comes through experience.
I respect your opinion, but I honestly think that demo trading is still very useful for those who wants to practice it even in a live market. Most probably newbies and beginners who want to practice first some techniques before swimming with the real sharks (buyers and sellers). Yes, live trading with the amount that you can afford to lose is still the best for you to learn it actually (especially about controlling your emotions if you have lost that kind of amount).
Actually there are some people who very careful with their money, trading in DEMO help trader to know whether their strategy is right or false. As a trader we also need to know the difference about trading and gambling. For me trading means that we are trade using right strategy, usually we test it first before we do real trading, while gambling in trading means we trading using strategy that we pretend it as good strategy without analyze data and test.
What's good with demo trading is that it allows you to practice your entries and exits, assess whether you can identify the patterns and eventually familiarize yourself.
Demo trading is basically for learning the interface and its capabilities so you don't get surprised by it. That's indeed a rather limited use, still, I would not call it waste of time.
On the other hand, trading is for people who know what they are doing and some may need practicing. I see no harm in that.
even if it is 1$; feel the heat and develop instinctively.
This is imho a bad advice. This would make people believe that trading is some sort of gambling, and it's not.
Trading needs clear mind and good strategy, not instincts, no haste decisions made when one "feels the heat".
One need good thinking, fast hands (or trading bots), and patience.
Yeah, its just not the same in demo trading. The gain or loss doesn't hit you as it does in a live trade. I tried this at first as well and the emotions in actual trading is a lot different. You think to yourself that you're ready and won't be affected but when you actually see all the red and negative on your portfolio you'll really feel yourself sweating. In trading, you just really have to hit the ground running. What's good with demo trading is that it allows you to practice your entries and exits, assess whether you can identify the patterns and eventually familiarize yourself.
...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 did not use demo accounts at the very beginning of my acquaintance with trading, but I still think that it will be useful for a beginner to get acquainted with the work of the exchange using a demo account. It is better to lose money on a demo account than real money due to lack of knowledge. And with one dollar on such an exchange as Binance, it will be impossible to place an order, since the minimum order is 10 dollars.
Using a demo account will help you understand how trading works while searching for more lessons to be applied to demo trading.
When you can understand the lesson and are confident with your skills, you can start trading in real exchange with real funds.
You can start to buy bitcoin and send it into your account to start trading.
If you still learning from the demo account, you will have a chance to control your emotion because losing your emotion will make you panic.
When you can understand the lesson and are confident with your skills, you can start trading in real exchange with real funds.
You can start to buy bitcoin and send it into your account to start trading.
If you still learning from the demo account, you will have a chance to control your emotion because losing your emotion will make you panic.
In my opinion, demo trading is needed by all traders, especially for newbies who need a lot of practice. Demo trading can find out a person's trading
skills without any risk, therefore demo trading is also needed by professional traders to try out some new strategies. If the strategy goes well, it can
be used for real trading. So in conclusion demo trading is not a waste of time, but it is very useful for traders. Unfortunately very few exchanges have
a demo trading feature.
skills without any risk, therefore demo trading is also needed by professional traders to try out some new strategies. If the strategy goes well, it can
be used for real trading. So in conclusion demo trading is not a waste of time, but it is very useful for traders. Unfortunately very few exchanges have
a demo trading feature.
I think demo trading is not a waste of time if you are absolutely a newbie and you don't have any idea how does trading runs it a big problem you don't know what is buy or sell how to deposit and withdraw, what is the right leverage to your trade. There are different people in terms of trading they learn base on their knowledge and there are people who learned base on their experience it depends on that where you are and benefits from all the information you gained and have. Base on my experience I learned trading because of my experience a big loss, weeks of losing streak well I'm not saying I'm already good in trading but I know how it runs.
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eXch.cx - Automatic crypto Swap Exchange.
No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
Demo helps you take off the risk of losing as a beginner, it helps you perfect your trading strategy before you can move to a live account and start implementing all you have learnt then start profiting in no time. You can't take away the importance of demo which is something the cryptocurency industry are yet to understand. Most well reputed exchange don't have demo where noobs can practice but I'm not surprised, they're just interested in the profits they make instead of carrying the community along.
Demos aren't waste of time and most professional today will tell you the same (this doesn't mean I'm one of them though). Demo offers you a platform to test all the crazy ideas in your head without the risk of losing a cent, if you call that waste of time then you need to put your emotions in check because your taste for quick profits could cause you big time. You have to be patience with the process, first you learn then practice before you start live trading.
Demo platforms in cryptocurrency trading didn't exist till later years. If it did I would have tried it as well. But yes if there isn't risk involved you will just not feel the loss in you. $10 however will be just too small to trade. Make it at least $50 that when BTC pump you could at least profit to a dollar or two less than spread. It was advised to me not to start with derivatives unless I learned the spot market well, there is just too much risk on futures market.
I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; 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 don't think Demo trading is a waste time dude, because through this We can practice how to earn in the actual trade.
I know what you feel and I understand that, but I think you are giving it a wrong interpretation, it is actually helpful to any newbies
who will enter into trading business.
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.
I also always say this, trading is a practice, not just a theory...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$; feel the heat and develop instinctively.
if you are not really trying to trade in real then you will only dream of making a profit from it. for me, those who just keep trying the demo account are just dreamers 'lol'
It's been a long time now since demo trade was created but there are still exchanges that offer it. I'm also sure that there are experienced traders who are using it by trying out their experiment or new strategy without spending a dime. I know that the sense of fear of losing your money force you not to do mistake on trading and push yourself to learn things fast but there are people who can't stand that fear that will probably not take the chance to learn trading.
live trading helps you compound losses or multiply money; while demo trading creates money for you.
When it comes for controlling our fear into the correction level, than it's true that experience from demo trading account won't be enough to control when we're on correction for real. TBH, newbie can start demo trading to become familiar with unknown tools or indicators in the starting level. After that, it's better to feel the real taste of trading by making trade with real funds so that we can control our emotion in any situation and don't get ourselves into fomo, IMHO. 
I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; 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$; feel the heat and develop instinctively.
The pilot test done before the launch of the project are also waste of time according to you?Its really important part of our strategy to check that plans are working in the same manner we want them to accomplish.The trade strategy are performed by many traders to check that whether they would gain profit or not and if it's not working properly they can make changes in their plans and policies rather than going on and lossing all their funds if they blindly follow their inefficient plans.So you cannot say it's waste of time it's just your perspective of thinking and others can gain huge profits with it. Trading is for individuals who can afford to lose money, so if you cannot afford to loose money; please do not trade. In trading we are here to multiply money and not create it; live trading helps you compound losses or multiply money; while demo trading creates money for you.
No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
Demo trading is a good way to start, you have to know first some feature that offered by the trading platform. By doing practice with demo trading you will know some features that you have to use. It will be bad if you directly trade on the real trading platform. Because you will confuse what you have to start and some feature that you have to use.
After you already know the trading platform that you choose then you are ready to trade. You can use the real trading platform and using your money. Indeed, the real trading platform will give you more experience than you just use demo trading. In the real trading platform your psychology will really focus on everything that happens in the market, while if you use demo trading your psychology will just lounge because you don't have any burden of losing your money.
After you already know the trading platform that you choose then you are ready to trade. You can use the real trading platform and using your money. Indeed, the real trading platform will give you more experience than you just use demo trading. In the real trading platform your psychology will really focus on everything that happens in the market, while if you use demo trading your psychology will just lounge because you don't have any burden of losing your money.
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