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Economy => Trading Discussion => Topic started by: cytpoway121 on March 13, 2021, 08:01:45 AM



Title: Trading your strategy on DEMO is a waste of time
Post by: cytpoway121 on March 13, 2021, 08:01:45 AM
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.

Edit: What do you think about this, do enlighten us all


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Kittygalore on March 13, 2021, 08:18:22 AM
Trading on demo is not a waste of time, perspective matters on this one, if you don't want to release any money out of your own pocket to gain some trading experience, demo trading is a good way to start because it can help you do some risky trades and find out the result without the worry that you are going to lose money, demo trading is good for newbie traders because they gain experience without losing as much as 1 USD. Just because many people lose money trading doesn't mean that you have to do the tradition of losing money, the smart ones learn from the mistakes of others.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: joniboini on March 13, 2021, 08:33:58 AM
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 intended to test the strategy imo, not the emotional part of the trading activities. Without knowing which strategy works for you it will be easy to get emotional and I doubt that's a good way to practice.

Unless you have a lot of money to burn, trading with your real money blindly without any basis is like gambling. "Develop instinctively" is such an ambiguous idea without a clear standard at which point your instinct is good enough, and at that point how much money you burned. I'd rather not do that.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Bttzed03 on March 13, 2021, 09:05:01 AM
I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another.
Does the learning trader means you're already familiar with all types of chart patterns and know how to read/use indicators? If so, there is no reason to use demo trading anymore if you're here to make profits. It's time to develop that thick skin/skull, cold heart, or whatever it is that people call nowadays.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: nelson4lov on March 13, 2021, 09:17:30 AM
~Snipped

No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.

While I do understand your reasons about why demo trading isn't worth it, it's important to also note that not everyone is the same and some needs a tad more practice in order to get them to the level that they can go ahead to trade with real money. I believe that's the reason why demo trading was created in the first place. For one, you can use it to practice whatever trading tools or strategies you learn about since its more of a simulation of how a live trading account would be given the same case scenario.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Gozie51 on March 13, 2021, 12:06:35 PM
I'm not a trader but I believe it is better to demo trade. Op, maybe you may say don't stay too long while practicing and that will be better than not doing a demo. If you don't do demo,how do you master the keys and the trading windows, the buttons you need. There are many factors you need demo for apart from strategy or plans. Demo is good but doing it for long may be the waste of time.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: LUCKMCFLY on March 13, 2021, 12:26:41 PM
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.

It is true what OP says, but many times trading in DEMO mode is useful for newbies in trading to learn to use the tools that the Exchange has, it is clear that you must take risks, but if you risk and lose money because you do not know how to place an instruction in the Exchange to go Short or Limit? They are mistakes that should not be allowed. It also serves to demonstrate whether the plan you are executing is correct.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Hippocrypto on March 13, 2021, 12:56:55 PM
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.
Certainly that's the good idea when starting trading, but that needs to be done with focus and determination. However, it's not painful to have at least $1 because it's really a small amount to trade. When time comes you're going to master everything, huge amounts will be sufficient once skills is going to develop.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: michellee on March 13, 2021, 02:10:20 PM
Trading using a demo version is not a waste of time because that will help us know how to analyze the market and practice our skills. Every people can start trading, but that will depend on how they can understand the lesson and analyze the market. If they think that it is enough to use the demo trading, they can start to use the real exchange and start trading with a small amount. If he can profit over and over, maybe they can add more balance and trade more. But he still needs to learn more about trading because the market can change from time to time and improve his skills.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Sterbens on March 13, 2021, 02:14:51 PM
Demo trading is important, to hone our skills before jumping into real trading. and demo trading is intended to control the market situation, so that we are not awkward. Not solely a demo trade is provided, but to help traders get to know the trading system more closely and assess the basic trading principles they will face.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: semobo on March 13, 2021, 02:58:15 PM
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.
But every pair has minimum trade value and due to the increase in cryptocurrency prices trading with 10 dollar is also waste of time, atleast spend $100 to start your trading career.

In my opinion everyone should try the demo first instead of going to trade with their real money cause every penny is valuable so if you are going to spend money even after you have high chances of losing it is not a wise decision.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: goldade on March 13, 2021, 03:04:09 PM
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.

While I do believe that demo trading is necessary for newbie traders to get familiar with the concept of trading, chart patterns and using strategies, I am of the opinion that what OP write above is true.
Many people remain nonchalant about trading simply because they aren't losing any money. So many people take unnecessary risks, such as not setting stop-loss, simply because He's not losing a dime.
I believe when one learn trading with a live account, he's very careful with taking risks. He's very careful with trying out strategies. He feels the heat of losing money. And that's how to be a good trader.
It is however advisable one only learn trading with money one can afford to lose.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Theb on March 13, 2021, 03:34:50 PM
Learning how to trade will be different for everyone and that is why I disagree with you on this matter. Yeah you are right people might be more confident when it comes to dummy trading but I can say the same thing for live trading with low money as well, since they will be trading let say 1$ as your example he/she will still have that confidence that if his/her trade goes wrong he/she will only be losing 1$ which is the same thing as dummy trading. Our emotional quotient is really important  when it comes to trading but I don't like the idea of going out there and start testing your trading plan without any kind of knowledge whatsoever that is why trying out on a dummy trade is good if you don't have the money you can afford to lose.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: taufik123 on March 13, 2021, 03:42:01 PM
Live or Demo trade which distinguishes only the use of real capital and intangible capital.
both of them have the same way of trading. Demo trading is only used for practice when you are still not sure of your skills or you are still a beginner. Whereas live trading is trading directly using your real money. Live trading is more challenging and exercises our emotions and strategies.
I have never used demo trading until now, but there's nothing wrong with using demo trading just for practice and won't waste your time.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Coin_trader on March 13, 2021, 03:50:34 PM
Learning how to trade will be different for everyone and that is why I disagree with you on this matter. Yeah you are right people might be more confident when it comes to dummy trading but I can say the same thing for live trading with low money as well, since they will be trading let say 1$ as your example he/she will still have that confidence that if his/her trade goes wrong he/she will only be losing 1$ which is the same thing as dummy trading. Our emotional quotient is really important  when it comes to trading but I don't like the idea of going out there and start testing your trading plan without any kind of knowledge whatsoever that is why trying out on a dummy trade is good if you don't have the money you can afford to lose.

The OP sample which is 10$ is not small and not big amount or simply sufficient amount that you will give importance one you put it to trading. And I believe that’s what the OP really want to emphasize on this thread which I agree. The only thing demo trading good usage are for experimenting signals and pattern your are studying before applying it on real trade but the rest of learning process is through experience on actual trading.  :)


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Ridwan Fauzi on March 13, 2021, 04:17:32 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: aysg76 on March 13, 2021, 05:13:18 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Review Master on March 13, 2021, 06:13:15 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: abel1337 on March 13, 2021, 07:56:46 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Renampun on March 13, 2021, 11:19:41 PM
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...
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'


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: santiPOGI on March 13, 2021, 11:47:25 PM
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 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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: cabron on March 14, 2021, 12:22:59 AM

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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: CryptopreneurBrainboss on March 14, 2021, 05:38:33 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Peanutswar on March 14, 2021, 05:42:00 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Shasha80 on March 14, 2021, 06:09:27 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: traderethereum on March 14, 2021, 10:27:35 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: tvplus006 on March 14, 2021, 11:26:54 AM
...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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: orions.belt19 on March 14, 2021, 12:09:32 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: NeuroticFish on March 14, 2021, 12:17:53 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Ausgewielt on March 14, 2021, 01:00:03 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: cheezcarls on March 14, 2021, 01:50:39 PM
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).


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: milewilda on March 14, 2021, 01:57:53 PM
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
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Sterbens on March 14, 2021, 02:45:08 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: livingfree on March 14, 2021, 05:21:23 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: mrkfdr on March 15, 2021, 10:55:47 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: isaac_clarke22 on March 15, 2021, 11:17:40 AM
I had read a thread that is quite similar to this.
The point was that if you indeed lose your money, you will feel the actual loss when it happens to you.
Unlike when it is only a virtual trade like demo, as you mentioned, you'll less likely to take seriously on what's going on regardless on what strategy you do in your trade.
I guess back then, I didn't made a mistake. I wasn't even aware that there is such thing as demo trade.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: DoublerHunter on March 15, 2021, 11:47:55 AM
^ It is totally different from demo trading while you are in actual trading, but it does not mean demo trading is useless. In fact, this is very useful when you are new to trading, I mean those newcomers in trading don't understand yet but they want to explore trading. But I agree with the OP, as a trader, should always having their own research and not all the time there is demo trading. Because in trading, not all the time you can able to make money, sometimes you will lose too if you did not have proper research. In trading, there is predator and prey, avoid not become always the prey.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Ziskinberg on March 15, 2021, 12:06:37 PM
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.
DEMO is made to be simple and easy to understand that attract traders to do trading. But if we are in an actual trading scenario, you will be sweating for sure.

No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
We need to work hard in order to succeed. And those people who are thinking trading is easy, they will find out when they are in the scene.
Finding the most effective strategy is a big influence that affects the results of our trading. To develop our own masterpiece as a great venture that others can do and that constant practice makes us successful.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: dimonstration on March 15, 2021, 12:36:18 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: isaac_clarke22 on March 15, 2021, 02:31:49 PM
^ It is totally different from demo trading while you are in actual trading, but it does not mean demo trading is useless. In fact, this is very useful when you are new to trading, I mean those newcomers in trading don't understand yet but they want to explore trading. But I agree with the OP, as a trader, should always having their own research and not all the time there is demo trading. Because in trading, not all the time you can able to make money, sometimes you will lose too if you did not have proper research. In trading, there is predator and prey, avoid not become always the prey.
Agree with your point though within my point.
In conclusion, doing demo trading are for those who aren't familiar yet with the UI.
I had the kind of barricade when I was day trading in Binance. There were a lot of trading tools I could use, and pressing the wrong button could lead to an actual loss for me cause the terminologies are too technical for a newbie to understand, like what is a candlestick and all that.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: gabbie2010 on March 15, 2021, 04:36:51 PM
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 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.
A newbie trader is expected to start testing a strategy via demo rather than going live with a real account after testing the strategy with a demo if their is any need to tweak or modify the chosen strategy that can be convincingly done with a demo after making profits consistently such a trader can now open a live account with a little amount to test his psychological and emotional aspect of trading.
I disagreed with OP that demo is waste of time personally I had demoed on many strategies before sticking to my favorite one


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: TedMosby on March 15, 2021, 04:41:41 PM
yeah, couldn't agree more with you.
we need to control our emotional and psychological aspects doing a trade. so far, it's the hardest part for me.
it's like you have 2 working minds inside your head. you have to follow one of them. it's difficult to define which one is better in giving you options.
even if you are really good in fundamental or technical, bad psychological conditions could lead you to a loss.

IMO, a Demo account aims to give you a chance to learn how to use the trading platform, not how to trade.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: canovan25 on March 15, 2021, 04:46:09 PM
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.

Thank you very much for the guide to losing all the money. First deposit lost, second, third, 5, 10, all money. Perfect.

Personally, I think you need to watch who earns how. If there's a $10 billion fund that does that, then you have to mark in notebook that smart/wealthy people do that. If the biggest person trading such a strategy is John with $50K from reddit - you should cross out that strategy right away and forget about it. Forever. Or let there, a million dollars. This is obviously a bad story. Or be prepared that at some point, even after losing 100 deposits, having trained and reread all the books on technical/fundamental analysis(Fundamental analysis is the only thing you can pay attention to, but you just have to buy the index) / esotericism / laying out tarot cards / astrology and other obscurantism, you will lose your deposit.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: RealMalatesta on March 15, 2021, 06:40:41 PM
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.
You are very right depending on how you do your tests, there are right ones and right methods and there are wrong ones and wrong methods. The problem with testing is that one thing that is right according to backtesting may not be right in the future, something that happened in the past may not happen the same way now, which is why I think it is quite important that we do not let ourselves go big time just because our baacktesting came back great.

Even if you do demo and check what happens live, that doesn't mean that next month being great means three months later being great as well. So basically testing is very important, but we should not see testing as everything neither, there is something in between there. I say we should be using testing like something that is one part of the equation while taking care of other things as well.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: boyptc on March 15, 2021, 06:49:43 PM
IMO, a Demo account aims to give you a chance to learn how to use the trading platform, not how to trade.
It could be both.

But most likely you're right.

It is a way to try the platform by that person who has just signed up for that moment. We have those two thoughts about why someone has signed up for those demos.

And they're both good reasons and it's their time to spend, not ours.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Slow death on March 15, 2021, 07:16:03 PM
something very strange that happened to me years ago:

a few years ago I decided to learn how to trade forex, I created a demo account and started practicing, funny that it was all very easy and I was able to profit from the demo account. I said to myself: "I am learning fast... "

as i was having good results in the demo account i decided to add funds using my bank card and started to trade... the first time i deposited $10 and made a profit of $12, i was very happy and kept doing trade and lost all money.

I didn't give up, I deposited $20 I made a trade and lost, I deposited $30 I made a trade and lost, I deposited $50 I made a trade and lost all money

I decided to stop, my conclusion was that the demo account for some reason is easy to deal with and make a profit, but in reality things are different

in the case of cryptocurrency trade I learned by practicing a lot and losing a lot of money


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Hamphser on March 15, 2021, 07:35:16 PM
IMO, a Demo account aims to give you a chance to learn how to use the trading platform, not how to trade.
It could be both.

But most likely you're right.

It is a way to try the platform by that person who has just signed up for that moment. We have those two thoughts about why someone has signed up for those demos.

And they're both good reasons and it's their time to spend, not ours.
Actually this do depends on a certain person on how he do treat up on making up demo trades but actually this is still a good thing for you to grasp on the very basics.

I do agree that this do particularly focuses out on how to make use of a certain platform and not totally teach you to make trades but on the very essence that you could really
able to test out strategies that can hone up and could really improve but i do agree on most part with users here that nothing beats out
when you do make up actual trades.

Its not a waste of time if you do able to gain something from it.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: matchi2011 on March 15, 2021, 07:39:09 PM
IMO, a Demo account aims to give you a chance to learn how to use the trading platform, not how to trade.
It could be both.

But most likely you're right.

It is a way to try the platform by that person who has just signed up for that moment. We have those two thoughts about why someone has signed up for those demos.

And they're both good reasons and it's their time to spend, not ours.

If they are thinking that using demo account will help them to increase their knowledge then it's really good. Everyone
have their own explanation to why they use demo.

For most experienced traders it's understandable that they've got much deeper understanding knowing that they won't
be compensated financially by using only demo account.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: boyptc on March 15, 2021, 08:35:04 PM
IMO, a Demo account aims to give you a chance to learn how to use the trading platform, not how to trade.
It could be both.

But most likely you're right.

It is a way to try the platform by that person who has just signed up for that moment. We have those two thoughts about why someone has signed up for those demos.

And they're both good reasons and it's their time to spend, not ours.

If they are thinking that using demo account will help them to increase their knowledge then it's really good. Everyone
have their own explanation to why they use demo.

For most experienced traders it's understandable that they've got much deeper understanding knowing that they won't
be compensated financially by using only demo account.
From the term demo.

No one's really going to benefit from it financially, experienced or newbie. Who's expecting something to benefit from it by using it?


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: stomachgrowls on March 15, 2021, 08:39:50 PM
Demo trading does have its pro's and con's.

Pros.
Trade at No Risk While Training
Test a New Trading Strategy Without Risking Real Funds
etc.

Cons
Real Trading Conditions May Differ
You Might Learn to Overtrade
etc.

You can read up more here: https://forextraininggroup.com/the-pros-and-cons-of-forex-demo-trading/

Demo vs Live trading
https://mytradingskills.com/demo-vs-live-trading-accounts


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Questat on March 15, 2021, 08:48:56 PM
Not totally a waste of time since you still get some ideas on how a certain trading platform works. This is not about trading but this likely had a tour and familiarization, we can do more learning when we are doing the trade in real.

If others will say it is nothing but for the newcomers, it is big help then. But of course, it won't be enough to think that they are ready enough to do trading. They must have to do the live trading just to assess themselves if they are capable enough to handle the stress and market pressure.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: 2double0 on March 15, 2021, 08:59:28 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: ReiMomo on March 15, 2021, 09:45:16 PM
As I understand, a demo doesn't really give benefit to traders because that is a demo and moreover the other term it's a practice trading.
That is a good amount to start and practice, but I don't know if $10 is enough to cover those high fees as of now, even ethereum was having terrific high fees. If you can afford and cover it all, why not, that is a good start in trading that should practice first before you will be going to the real battlefield of trading.

There's nothing wrong if you will try demo trading even at once and yes, there is pros and cons on it better to give it try.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: icopress on March 15, 2021, 10:59:23 PM
I see that everyone has their own opinion on this matter, but I probably agree, beginners should start with the demo version at least in order to have an understanding and get used to the tools. For example, to people close to me, I recommended starting with testnet.binancefuture.com (https://testnet.binancefuture.com/en/futures/BTCUSDT) along with some literature. I can say with confidence that the use of the demo version was appropriate, since during real trading newbies get the same knowledge as on the DEMO, (although they operate with funds that they subconsciously plan to lose).


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Yatsan on March 15, 2021, 11:12:35 PM
Trying out your trading strategy on a demo is not really a waste of time for it is a preparation on how you are going to get into the real deal for you must be foreseeing what it feels like upon applying your knowledge that have been learned upon acquiring needed information on learning trading. This is somehow a simulation of what you can possibly do in a live trade assessing your capacity to do trading via demo. You will be dealing soon with a real money so you must build up confidence once and for all and demo can somehow build it up into you.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: BuNga_cute on March 15, 2021, 11:21:08 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Traderbtcc on March 15, 2021, 11:24:35 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: kawetsriyanto on March 15, 2021, 11:37:52 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: jaberwock on March 16, 2021, 01:36:39 PM
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.
That's the point of demo, if you keep using demo and never turn into real, you will never make any real profit as well, what is the point of trading on demo for years? People will turn into real trading eventually, it is not about timing neither but more about how much you learned.

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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: livingfree on March 16, 2021, 01:41:32 PM
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.
Why you have to limit yourself in using demo? use it as much as you can or until the demo expires. No one stops you for limiting yourself or doing it as much as you can.

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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: ven7net on March 16, 2021, 02:41:07 PM
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 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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: geegaw on March 16, 2021, 02:47:20 PM
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


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Pom_bensin on March 16, 2021, 03:13:10 PM
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


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Rana590 on March 16, 2021, 03:59:01 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Golftech on March 16, 2021, 04:26:08 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: traderethereum on March 17, 2021, 10:20:24 AM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Questat on March 17, 2021, 01:25:09 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: kopijos on March 17, 2021, 03:07:41 PM
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


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: batang_bitcoin on March 17, 2021, 10:06:00 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Rruchi man on March 17, 2021, 10:16:51 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: carlfebz2 on March 17, 2021, 10:58:17 PM
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.
Would really be giving off changes because you are really learning from it rather than to be useless at all.Demo's are there for the sake of familiarizing specially on platforms usage or
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: tippytoes on March 17, 2021, 11:04:04 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: MCobian on March 17, 2021, 11:13:43 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Smitty Werben Man Jensen on March 17, 2021, 11:15:16 PM
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Kelvinid on March 18, 2021, 04:40:06 AM
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.
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.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Ararbermas on March 18, 2021, 05:05:50 AM
Seems your title is against about the demo but eventually at the end you clarify some of stuff about it.  :D. And yes i agree because there are some totally free DEMO and you don't need to spend some cash on it to practise your skills and to make strategies when it comes trading.. Its very helpful actually especially for beginners wherein no need to rush and be worried..it's very safe to play..


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Lordhermes on March 18, 2021, 06:15:38 AM
What I have ought to understand is that, basically completing the demo trading practicals for about some period of time will eventually make you perfect a little, meanwhile that doesn't mean you won't loose big money on the live trades, there is more emotional heat on live trades than demo, although I'm not against demo trading experience, but imo, practising demo makes you escaped reality, I mean the emotional energy in the future, so why not learn with live trades to face the reality at once, this is what op is trying to talk about.

More importantly, the aspect of learning live trades would be mostly learned by those with huge amount of money who wouldn't mind if he/she losses or not, so not everyone will consider learning with real money.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: traderethereum on March 18, 2021, 09:54:23 AM
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.
The only thing you need to do when you feel bored takes a break for a while because you can not always trade as your body and mind need to rest.
If you decide to start trading with real money, make sure you already know how to trade better and have control for yourself because the market can make you become greedy and lose control.
If they can succeed in learning the trading lesson and know how to control themselves, they will not feel difficult when they start to trade in the exchange.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: JohnBitCo on March 18, 2021, 10:04:53 AM
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 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.

If anyone wants to trade in real environment from the start, there are two things which need to be taken care of.

1- Learn trading as without learning you will lose in the long run
2- Start with a small amount which you can afford to lose. Once you make profit , then you can invest more amount to gain more profits.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Mpamaegbu on March 18, 2021, 10:25:03 AM
OP, what you're invariably saying about demo trading being a waste of time is simply saying that ignorance should be valued over education? This is really misleading. It's like buying a car and driving straight without first learning how to drive. Does that work well? As someone who trades on the side I have come to realize that practice is very crucial in this game. Therefore, to demo trade is very necessary to learning.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: XZERO1 on March 18, 2021, 10:33:50 AM
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.

Yep, most people that struggle to have any sort of success in trading either just don't know what they're doing, or they're risking too much money in trading which often results in not so good decisions when the market is going against you.

In other words you could say only those who are willing to lose their money in trading or investment will make it, more often than not if you choose your trading asset/investment wisely and it went down in price short-term, it will go back up if you don't have problem with waiting.

So just set aside a part of your capital you don't care losing and use it to trade/invest in something that you are optimistic about its future and totally avoid trading anything that is not valuable in your opinion, even if it's just for a day or two.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: darewaller on March 19, 2021, 06:14:38 PM
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.
You can trade big amount or small amount, you can actually even arrange with how much money you can start in some places, that way you know how much money you have and how much money that you could spend and you end up using that to make it in demo and maybe you will do something that will profit you there. I really do not think that it would be that drastic, I think it will be useless, but I really think that we should still do it just in case because it is not something that would hurt you.

Even the premise of this topic is "it will not be helpful" and not hurtful, because demo can't hurt you in any way, sure you are spending some time but what was the other option, dealing with a 500 million dollar negotiation contract? You were sitting doing nothing and just spent few hours on demo account and that's it, you can gain something from it but I doubt you would lose something from it.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: dunfida on March 19, 2021, 06:27:05 PM
OP, what you're invariably saying about demo trading being a waste of time is simply saying that ignorance should be valued over education? This is really misleading. It's like buying a car and driving straight without first learning how to drive. Does that work well? As someone who trades on the side I have come to realize that practice is very crucial in this game. Therefore, to demo trade is very necessary to learning.
But there are really actually had some limitations when it comes to that because you cant really mold up something when you do just prefer on using up demo's while you are learning
Yes, it isnt bad but it does have its con's too because actual learning would really be able to obtained on actual experience which means you will eventually learn up while you do trade
with the market, not to say that it should be on direct manner but at least you do already have the idea on what are the things you've been doing and thats the insertion
of Demo trade usefulness, it does help but wont really be enough on sustaining  yourself here on this place.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: finaleshot2016 on March 19, 2021, 06:42:37 PM
This is what I've done before, I used my 20$ for practicing my trading skills because I need to experience the reality of trading, the pressure when to buy and sell your coins. I understand what OP is saying, yes it's very risky and not all of us don't want to spend even a small amount of money to be used on practicing live trading. But I assure you that it'll help you learn because it's live trading, you're obligated to understand and learn for you to reach your goal, to gain profit.

Well, I can't say that demo trading is useless, it's pretty helpful for those people who are very cautious and sensitive when it comes to money. We have a different approach to trading so if you feel spending small money on live trading to feel the reality, it's fine as long as you don't regret it if you've lost it.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Mpamaegbu on March 19, 2021, 08:36:56 PM
OP, what you're invariably saying about demo trading being a waste of time is simply saying that ignorance should be valued over education? This is really misleading. It's like buying a car and driving straight without first learning how to drive. Does that work well? As someone who trades on the side I have come to realize that practice is very crucial in this game. Therefore, to demo trade is very necessary to learning.
of Demo trade usefulness, it does help but wont really be enough on sustaining  yourself here on this place.
Yes, quite alright trading on demo has its limitation. That limitation, basically, is lack of "Emotions" This is what demo trading doesn't allow because the trading money is virtual money (or non existent). Learners know this and most times don't tend to be serious with trades, causing them to leave trades running without any attachment to them. Now, if learners will begin to treat the virtual money on their accounts like it were real money they would firm on their emotions. But because learners tend to treat this with less concern because there seem to be nothing to lose actually, that makes demo trading look none effective. Nevertheless, we should know that both live and demo trading platforms are the same and follow the same dynamics. The only thing lacking in demo is the emotion. This is why I always say, "Show me a trader who is profitable, and I will show you one who has a control on discipline and his emotions." Live trading makes traders realize they could lose real money and this causes them to be more careful and concerned.

The bottom line for me is that demo trading should be treated like live trading to get the best out of it.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Fatunad on March 19, 2021, 08:48:04 PM
OP, what you're invariably saying about demo trading being a waste of time is simply saying that ignorance should be valued over education? This is really misleading. It's like buying a car and driving straight without first learning how to drive. Does that work well? As someone who trades on the side I have come to realize that practice is very crucial in this game. Therefore, to demo trade is very necessary to learning.
of Demo trade usefulness, it does help but wont really be enough on sustaining  yourself here on this place.
Yes, quite alright trading on demo has its limitation. That limitation, basically, is lack of "Emotions" This is what demo trading doesn't allow because the trading money is virtual money (or non existent). Learners know this and most times don't tend to be serious with trades, causing them to leave trades running without any attachment to them. Now, if learners will begin to treat the virtual money on their accounts like it were real money they would firm on their emotions. But because learners tend to treat this with less concern because there seem to be nothing to lose actually, that makes demo trading look none effective. Nevertheless, we should know that both live and demo trading platforms are the same and follow the same dynamics. The only thing lacking in demo is the emotion. This is why I always say, "Show me a trader who is profitable, and I will show you one who has a control on discipline and his emotions." Live trading makes traders realize they could lose real money and this causes them to be more careful and concerned.

The bottom line for me is that demo trading should be treated like live trading to get the best out of it.
Emotion is one of their differences because you know that you arent risking something when you do demo trades which means that you would really be confident on what kind of strategies or analysis you would really be throwing off and since you do have in mind that you arent risking something then it would turn out that you would be less emotional on taking into  your trades which is totally different when you are in the actual market
where you do have that fear inside for you not to lose money.This is the main difference and you can eventually feel it on when you do switch up from demo to real one but it doesnt mean that demo trades are useless
on where some people do say about it but it isnt really true at all.Its still sensible to start up with this.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: hahay on March 19, 2021, 09:04:27 PM
Direct practice is the best way to build or increase experience and knowledge. I have some friends and they initially just did demo trading and they said it was easy, but what happened next when they made real trades they quickly lost and they even left trading immediately without continuing. I agree that anything that is done with the demo is basically a waste of your time, because if you only learn about it in the demo feature it will not ultimately make you successful because it will obviously be different.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: livingfree on March 19, 2021, 09:26:25 PM
If anyone wants to trade in real environment from the start, there are two things which need to be taken care of.

1- Learn trading as without learning you will lose in the long run
2- Start with a small amount which you can afford to lose. Once you make profit , then you can invest more amount to gain more profits.
1. That's why there are demo accounts and of course you'll lose if you're not going to study about it. Someone who just comes in without proper knowledge about trading is just making himself funny to lose more.

2. This is it. After going with demos, the application must come next and always do it with a small amount as a test.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Ryker1 on March 19, 2021, 11:12:17 PM
OP, what you're invariably saying about demo trading being a waste of time is simply saying that ignorance should be valued over education? This is really misleading. It's like buying a car and driving straight without first learning how to drive. Does that work well? As someone who trades on the side I have come to realize that practice is very crucial in this game. Therefore, to demo trade is very necessary to learning.
Well, you have a point there bro, a demo is very important when we want to learn in trading --just even basic learn while we are executing on actual trading. You can not completely jump into a good trader if you did not practice on demo. That is not a waste of time, you need spend time to practice because that will give you knowledge on how to trade. It seems like a foundation of being a good trader will always start from scratch and slowly learning that will perhaps encounter such failure in the beginning. Trading is not an easy job or task, you need to practice and practice and avoid those mistakes that you encounter.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Darkelf11 on March 20, 2021, 03:09:18 AM
The trading demo gives an idea to the newcomers of trading there is nothing bad about this because they want to learn more about trading and this is not good if we are trying to make a trade without having any information to the thing we would like to do.

But sometimes we didn't learn too much about this because we know this is just paper money and we didn't risk anything for that.

Recommend to use real money so you can trade with risk tolerance.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Fredomago on March 20, 2021, 07:32:34 AM
It's just for education and I find the demo really educative and could help us imagine what's a real trading really like.
The difference is just if you use your own real money it's gonna be tougher since it involves emotion as well because that sense of fear losing out the money. Over all it's not a waste of time if you can get something from it.

If you value what you learned from demo accounts, it will surely helps you to understand what particular emotions to use while you are still inside this business.

Many traders forget everything whenever they are experiencing loses  from their investments, you do your research and your practice everything while you are using the demo account but when using the actual / real account you take everything for granted, either you are losing or you are gaining, it's your emotions that causing you problems.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: imstillthebest on March 20, 2021, 08:05:32 AM
its bad if we discuss lies and not facts because there are noobs like you that are lurking around seeking for infos but it is a fact when a trader recomends demo trading to another newbie trader because that is their purpose to practice and why the trading sites invent demo trade if it has no use or if it can cause more harm than to help traders learn trading  .
it comes to your mouth that " in this world every form of money has a value "  you can apply this in demo trading  . treat the money in demo trading as a real money and feel the heat


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: tygeade on March 20, 2021, 09:05:50 AM
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.
That is right and unless there is the pressure of losing money in trading, the decisions will be either careless or reckless which both might lead to big profits and also loss, and create an illusion for the trader that he has learned all the skills and is ready to roll now. Real trading happens when you have the pressure of not losing the money and hence take minimal risks.

Taking risks almost anyone can make money or lose money, more like gambling. The real skill develops when we are feeling the heat like you said and make a profit without taking much risk, if at all.

But all that been said, for some people it is worth learning basics with smaller capital. I mean take the capital seriously and trade like this is all you got, but trading will never be successful in first time so keep bigger capital for later once you have learned some basic skills.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: doomloop on March 20, 2021, 09:19:21 AM
Trading using a demo version is not a waste of time because that will help us know how to analyze the market and practice our skills. Every people can start trading, but that will depend on how they can understand the lesson and analyze the market.
The problem with demo money is that you will not be serious about trading with those funds. I have done trading with not demo but very little amount in past and I can easily tell you that when your life savings are at risk, you behave and trade differently as compared to when you trade for fun and learning.

Demo trading is important, to hone our skills before jumping into real trading. and demo trading is intended to control the market situation, so that we are not awkward. Not solely a demo trade is provided, but to help traders get to know the trading system more closely and assess the basic trading principles they will face.
If you are using a demo account just because you want to learn aspects of trading like how to use stop-loss and how to do leverage trading and futures then maybe it is worth trying with a demo account indeed. But if you know all these features and the sole intent with the demo account is to just test your strategies then I rather suggest going with the real account.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: palle11 on March 20, 2021, 01:41:49 PM

One core word that i feel has not been discussed is the fact that after learning trade through demo; you still have to relearn when you are trading a live market; because they are glaringly 2 different things. Also, either demo or live trading; do not practice or learn trading with huge sums of money; learning takes time and needs consistency

Demo and live trading are the same in all angles except that emotion is involved in live trading... Lol. In live trading , you are scared to take certain risk or not to allow your orders to roll on because you don't want to lose your money. Decisions you freely take in demo, you are not free that way in live trading because you know is real money. So the difference is that one is fake money in practice and real money in business.

In the setup, strategy you apply, indicators, all are the same with emotional difference.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: SacriFries11 on March 20, 2021, 02:42:02 PM
I think trading at DEMO account can help us in the beginning of our journey in trading, and one of the disadvantage of it is that you can't properly feel that emotion going on in actual trading. For beginners, they have an opportunity to learn in demo account like proper set, learning difference between market, limit and stop loss and they can also manually change the value of the token that they want. They can also explore unique setting without hesitating that they can make some mistakes, especially in actual trades. It's an impressive start for someone that does not have yet money to trade, but they want to trade. Learning about futures I think is the one of the good example that we need to consider using demo account because futures are very risky.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: tvplus006 on March 20, 2021, 02:42:08 PM
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...

I have previously used demo accounts, only they were not for trading cryptocurrency, but for forex. And while I was using demo accounts, all my trades were closed with a profit. But when I switched to real trading, my trades were no longer profitable and closed at a loss. Obviously, psychology plays a big role here when you start trading with real funds.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: SquallLeonhart on March 20, 2021, 05:42:38 PM
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.
No amount of knowledge is a waste, so making use of the demo trade is not bad. What really matters is that you make sure that the demo trade platform you’re making use of is that makes use of live charts, that way you will know that you’re using your strategy and practicing on real market chart.

So, it’s going to be helpful and so help you know far you have gotten with properly making use of your particular strategy and you will understand to maintain your profits. What else you have to know is that the reason why some people prefer to start with demo trade is because they don’t have enough money, and putting all that at risk is going to be a waste ,so it’s best to practice and know if it’s going to work for them judging from the level of success they reach with the demo trade.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: jack05 on March 21, 2021, 08:17:18 AM
Nothing in learning is a wastage of time, it always pays you back in some form or other. People think crypto trading is easy, can be done by anyone and don't require prior training. Read this  https://bitcointalk.org/index.php?topic=5321502.0


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: justdimin on March 22, 2021, 06:01:16 PM
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.
You are definitely wrong, strategy testing is not something just newbies do, and not something you do on a fake market or just backtesting neither, you could always test a strategy live on real market but with fake money as well, and it will work, it will teach you stuff. You might be right about the fact that you will not become a perfect trader, but the thing you are wrong is the fact that there are very very stupid people on earth, and those trading place that you deal with fake money helps them learn a thing or not, there are literally people who do not know how to buy and sell.

There is a famous thing about some famous park in USA about why garbage are not more animal proofed so that animals can't get into them and famous response is "there is a significant overlap between stupidest tourist and smartest animal", so think twice about how idiot people can be. You look like a smart guy, so it could be futile for you, but there are millions of morons, it works for them.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Fredomago on March 22, 2021, 06:17:28 PM
Nothing in learning is a wastage of time, it always pays you back in some form or other. People think crypto trading is easy, can be done by anyone and don't require prior training. Read this  https://bitcointalk.org/index.php?topic=5321502.0

Misconceptions as there are a lots of schemes who victimized those poor investors, thinking that crypto is an easy way to richness, with a lots of hypes and a lots of people who luckily earned from this market.

There lazy people who thinks that they'll get the same fate and just blindly invest their money and loses all after.

Using all the venues for learning is not a waste of time it's a wise move before engaging and invest your money.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: sayaya17 on March 22, 2021, 10:55:40 PM
Everyone's reasons are different. Of course trying demo trading for beginners doesn't hurt, it's good to know how you do your trading strategy. But for newbie
traders who want to trade directly on the market, can try  with  a small capital first, maybe  it  can  be with $ 10. Of course with  $10 it  should  brave  to  lose
because there is no trade for beginners who directly earn. Earn from trading only for those who already trade a lot with a lot of experience.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: CaVO32 on March 22, 2021, 11:29:43 PM
Everyone's reasons are different. Of course trying demo trading for beginners doesn't hurt, it's good to know how you do your trading strategy. But for newbie
traders who want to trade directly on the market, can try  with  a small capital first, maybe  it  can  be with $ 10. Of course with  $10 it  should  brave  to  lose
because there is no trade for beginners who directly earn. Earn from trading only for those who already trade a lot with a lot of experience.

Yes, everyone has their own story and own way of handling things. Some want to directly experience the market, but they need to remind themselves, that the money he will use may lose in the process. But if he doesn't want to take the risk of real money, he can always check the demo trading first. But he needs to remember, that even if he did the demo trading, he is still subject to losing in actual trade. The environment in actual trading is different especially if you are dealing with different coins.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: cryptocointrade.com on March 23, 2021, 11:59:54 AM
I agree, I dont like demo accounts.

Trading is not about learning click on a mouse.

Its all about manage and control your fear and your greed.

At the same time you need to understand market movements and the fundamentals behind.

A demo account will not teach anything of this but can actually ruin your ability to control fear/greed since you will learn trading without those.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Lanatsa on March 23, 2021, 10:13:22 PM
I agree, I dont like demo accounts.

Trading is not about learning click on a mouse.

Its all about manage and control your fear and your greed.

At the same time you need to understand market movements and the fundamentals behind.

A demo account will not teach anything of this but can actually ruin your ability to control fear/greed since you will learn trading without those.
Demo trades haven't giving out some claims about that but eventually you could really still able to learn up something because not all would really be planning to trade
with real money right away.

Its just a matter of reference though because some does really like to practice up first before they do go with real money and this is where demo would be significant.

If you do hate it out then so be it but it isn't actually a waste of time but I do agree that this wont really be helpful when it comes to emotional aspects.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: santiPOGI on March 23, 2021, 11:46:31 PM
Whether you can afford to lose your money or not, trading is for everyone who wants to learn and to earn just simple
as that. Moreover, having a Demo first in the exchange is one of the fastest way for the newbie to learn a basic tutorial
about how to use the platform whatever it is. So, it is not a waste of time instead it is an additional idea or knowledge about
in trading actually.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: LUCKMCFLY on March 24, 2021, 04:18:40 AM
When the strategy is applied in the Exchange in "Demo mode", it is not only served to test your action plan, but it also serves for the merchant to learn how to use exchange tools, for example: how you can place an order, If you can place "Stop Loss" and "Take profit" at the same time, how to lengthen the gain, if you allow you to re-enter or not, it is better to make an error in the demo mode that makes an error with real money and running risk to lose money for not knowing how to use the Exchange tools. The volume that is handled in the exchange is also known, and SBER well what retirement rates, for each transaction, all this help, if we are wrong in these details with real money, can lose and that is what needs to be avoided .


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: conected on March 24, 2021, 05:09:13 PM
Whether you can afford to lose your money or not, trading is for everyone who wants to learn and to earn just simple
as that. Moreover, having a Demo first in the exchange is one of the fastest way for the newbie to learn a basic tutorial
about how to use the platform whatever it is. So, it is not a waste of time instead it is an additional idea or knowledge about
in trading actually.
- If you want to know about the basic maneuvers of a platform, the community and social networks have probably created very detailed articles on how to register, how to use and how to trade, they certainly won't instruct others to make a mistake as they might get a commission from signing up for their affiliate account. To the best of my knowledge, exchanges currently don't have too many DEMO versions for newcomers to join, they felt that this virtual version was too wasted time, the actual version was optimized for use


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Anrix2036 on March 24, 2021, 05:32:54 PM
If strategy is built on the set of rules to get rid of emotion, and analysis is quantitative to make your trading system more accurate, then DEMO is the best choice to pre-test it. Then go small to LIVE for test, and in the end put more money when you done testing for some time.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Myleschetty on March 24, 2021, 05:48:49 PM
The OP made some good points but still trading one strategy on DEMO is still never a waste of time because the new trader needs to understand the exchange site they are planning to use and some hidden features.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: StartupAnalyst on March 25, 2021, 02:32:12 PM
Demo-trading is such a peculiar trading simulator of the real trades so you won’t lose your money there but won’t have an opportunity to withdraw as well. It’s something like a nice capability for a newbie to test the platform and own trading skills before real trades. No doubt it is very useful option but not a waste of time.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: trigger1975 on March 25, 2021, 05:01:11 PM
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.

I disagree.  Demo trading isn't for gaining the psychological experience but for testing out a strategy, getting a feeling for how the strategy works in current market condition, perfecting the trade plan for that particular strategy, find the flaws in the rules and trade management for that strategy and so on.  I'd never put a strategy live before I've tested it for at least 100 trades in demo or paper.  If you're trading for feeling the heat, it'll burn you in the long run.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Spaffin on March 25, 2021, 05:29:34 PM
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.

I disagree.  Demo trading isn't for gaining the psychological experience but for testing out a strategy, getting a feeling for how the strategy works in current market condition, perfecting the trade plan for that particular strategy, find the flaws in the rules and trade management for that strategy and so on.  I'd never put a strategy live before I've tested it for at least 100 trades in demo or paper.  If you're trading for feeling the heat, it'll burn you in the long run.
You are absolutely right, but in some cases, demos are very helpful for beginners to hone their skills and possible skills for trading cryptocurrencies. For many newbies, the real demo versions of cryptocurrency exchanges are a very good find, because to a greater extent beginners lose their initial capital for the first time in their days of activity during practical training.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: Rexler on March 25, 2021, 10:59:39 PM
Demo trades are where noob traders carry out experiment, before thing of jumping into live trading, so we can't say they are a total waste of time, cuz they do help alot more than you can imagine, noobs use demo trades till they feel they having a trading strategy that works on the market, although I must admit that trading with hard earned money is alot more pressuring than demo trades, cuz demo trades its just a fake money and fake balance while for live trades that's your real money right there, if you don't control your emotions you might loose all of  your trading capital.


Title: Re: Trading your strategy on DEMO is a waste of time
Post by: darewaller on March 27, 2021, 04:54:31 PM
Demo-trading is such a peculiar trading simulator of the real trades so you won’t lose your money there but won’t have an opportunity to withdraw as well. It’s something like a nice capability for a newbie to test the platform and own trading skills before real trades. No doubt it is very useful option but not a waste of time.
That's the thing about it, you are not going to be suddenly a great trader thanks to it, but you are not going to have zero help from it neither, it is going to help you a bit and that's what I think OP is missing as well. Not everything has to be about making you perfect, some things are not perfect and will stay that way, there is no turning away from that, and just because it is not perfect doesn't mean that you should not do it neither.

Do not let perfection get in the way of greatness, that is what the saying goes and that is why I think demos are not perfect, they are not even great but they are quite good for newbies and anyone who wants to start and never traded before should focus on trading for fake and learn how to trade on the real markets by using fake money and in the end if they get better they will be able to see that result in the end.