Trading your strategy on DEMO is a waste of time

[XZERO1]

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.

[darewaller]

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.

[dunfida]

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.

[finaleshot2016]

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.

[Mpamaegbu]

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.

[Fatunad]

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.

[hahay]

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.

[livingfree]

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.

[Ryker1]

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.

[Darkelf11]

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.

[Fredomago]

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.

[imstillthebest]

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

[tygeade]

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.

[doomloop]

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.

[palle11]

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.

[SacriFries11]

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.

[tvplus006]

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.

[SquallLeonhart]

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.

[jack05]

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

[justdimin]

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.