demo and live difference

there is no technical different between demo and real account , the difference its all about psychology. nothing without it.

 

To get a first-hand experience of how the forex trading platform looks and works, you can use a demo account. It’s a great way to practice trading strategies and gain useful experience that can be used during live trading.

 

right now doing scalping in demo by EUR/USD , GBP/USD. to see the performance how it works

 

Understanding how markets work is one thing, making money is completely different. I would say that finding profitable trading system is a blend of trained eye (intuition?), talent, coding and math background and of course common sense. Often you need to spend many years before you get you get all of the necessary ingredients.

 

Trading a live account is going to be a completely different experience compared to trading a demo account. Though both trading platforms look and work exactly the same way, a demo account consists of virtual funds, with which traders have no emotional connection. Whereas, trading a live account involves real money, which traders can lose if they don’t implement the right trading strategies. If someone is trading a demo account for practicing strategies, then that’s fine, other than that, a demo account won’t be of any use.

 

Agree, many traders underestimate influence of emotional pressure in trading. If you are unprepared you are guaranteed to have risk spiralling out of control

 

Demo trading does not have any risk or money involved in it, traders can use it to develop new strategies or skills.

Live trading requires forex knowledge and real capital because the risk involved in it is real. Traders use various strategies to make profits and avoid losses.

 

agree with you , demo not a place to develop skill , because no emotions and no real money on there.

 

A demo account is useful to learn and practice without any risk, many brokers offer a demo account, in FXOpen, offer demo accounts ECN, traders can start using virtual money like $5000 or they can set the amount of initial capital according to the needs through open registration via MT4 trading platform.

 

i used only $500 when trading in a demo account , by using huge amount of demo can be a causes at random trading.