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Demo trading is just to know

Discussion in 'Forex' started by Cecil Marshall, Nov 24, 2019.

  1. Cecil Marshall

    Cecil Marshall Registered

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    Demo trading is just to know how the trading mechanism works. How to open and close a trade. How to use MT4 for trading. But the real learning begins when you start to trade with real money. Trading with real money involves emotions that cause most of the mistake. You can also use demo to test your trading strategy. A low probability strategy can give you profit if you have a strong trading mind set.
     
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  3. WaynDavid

    WaynDavid Registered

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    Basically, the major difference between a demo and real account is the presence and lack of emotions. Real money takes your emotions to another level.
     
  4. rossy0309

    rossy0309 Registered

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    I think 99% of people who lose money while trading are doing that because of the emotions.
    But Demo account is a good opportunity for begginers to learn how to trade, learn the platform etc.
     

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