posi
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December 10, 2022, 01:27:04 PM |
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My point is not to use a demo account to practice trading, the simple reason as everyone has mentioned is trading psychology. When you use a demo account, you know it's a simulation account and you won't mind trading, which means you are free to place orders without fear of loss. That will create bad habits for you and then you start with a real account and continue to trade as liberally as you do on a demo account, and you will soon lose money. Instead of trading on a demo account, trade with a real account with the smallest amount of capital.
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justdimin
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December 10, 2022, 01:41:22 PM |
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when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts
This is an usual complaint about demo accounts, but when you are not ready to comply with the reality of switch over then you may not be fit for the process of trading environments. I mean even in real market conditions, your emotions need to work differently for different days; I mean there cannot be same set of mental capability for trading all the days across years hence applications of demo accounts cannot be ignore just because of failing in emotional switch over. why do you think people still start making losses on real accounts after long time trading demo successfully
You need to accept the real facts of trading environment that you might be facing losses in the demo mode and even experienced traders in real trading must be facing losses the time to time. So, losses in real accounts in beginning days is inevitable; you must keep your capital low and should be keen on learning lessons out of own experiences.
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Awaklara
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December 10, 2022, 01:50:36 PM |
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~why do you think people still start making losses on real accounts after long time trading demo successfully
the demo account in the trading platform aims to give you experience. such as getting to know the features and practicing the analytical skills you have. when you get profit on the demo account, it's been strived by the exchange to provide a good experience for new users who try. if you lose trying, will you continue your real game? it's like a way to coax you into real trading. if you are still at a loss, of course, that means the skills you have are not good.
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Peanutswar
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December 10, 2022, 01:59:35 PM |
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The reason why traders have different accounts is that with the win rate ratio, some of them want to have a good winning ratio so they can manage easily getting consistent, I do the same thing right now but before I have just a single account and that account is good for demo trading, short and long term trading which is I see the current situation is quite bad and I attended some of the trading concepts that its good too have a different trading account which is giving you a good motivation to trade if you see your portfolio activities and organized not unlike just committing a trade and win without a proper trace of it.
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palle11
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December 10, 2022, 03:03:44 PM |
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~why can't we relate demo accounts to real accounts ~why do you think people still start making losses on real accounts after long time trading demo successfully
The whole reason and difference that we can't relate real account and demo account is emotions because you are likely to close a losing market that is losing but you don't do so with demo. If it is losing in demo you allow it to run. So if you close it in real account, you have lost the money. Apart from people increase leverage in real account, real life is emotionally attached because it is your money and you don't wish for it to lose.
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Mpamaegbu
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December 10, 2022, 03:19:39 PM |
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might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts
You said it well, OP. It's the reality of the psychology involved that gets to people, either to mess them up (real account) or to make them relaxed and nonchalant (demo account). Otherwise, both demo and real account are the same in trading dynamics. It's because we tend to be more careful and involved when we trade real account than we are with demo that often make us involve our emotions and make them amok during trading. For anyone to be successful trading, they've to put a check on their emotions.
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adzino
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December 10, 2022, 05:24:27 PM |
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Those demo accounts are actually for practicing the trading and learning about the platform to be more comfortable. You can also try different kind of strategies with it. And yeah, you are right. When trading with demo accounts, people has nothing to worry about because they actually can't lose any money trading. Hence they can to do some high risk trading strategies that can help them be more confident when executing those trades with their real account. Demo account also helps you understand the market better. So I don't actually see what's wrong to relate it with a real account.
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coinerer
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December 10, 2022, 05:31:36 PM |
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Fake money is used in demo account. And the demo account is basically a place for a newbie to learn about trading. This is a good place for newbies to learn trading practically and start trading business with real money in real account. However, there is no connection between the demo account and the real account. However, the rules for trading in a real account and demo account are the same
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palle11
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December 10, 2022, 06:49:45 PM |
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Fake money is used in demo account. And the demo account is basically a place for a newbie to learn about trading. This is a good place for newbies to learn trading practically and start trading business with real money in real account. However, there is no connection between the demo account and the real account. However, the rules for trading in a real account and demo account are the same
I don't see how the rules for trading a real account and demo account are the same because you already saying demo account is fake money and that is correct in the sense that you can't withdraw it. But whether the demo and real account are the same is only on the fact that the technicality like the strategy, indicators but the emotions are not because as a newbie there are panic and fear when trading real account.
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SirLancelot
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December 10, 2022, 09:46:09 PM |
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In my topic, I mention that demo trading is only needed to understand the principles of trading itself and the principles of the trading platform, in all other cases a demo account is absolutely useless.
I think it is still possible to understand all the aspects of trading even without using demo trades but after it, we will still practice what we have learned. This is where the importance of demo trading comes. Instead of practicing trading for real and risking losing your money, why not use a demo trade and not incur any losses in the process? Just treat demo trading like you are trading for real, so that your trades will also look legit because you will feel all the emotions and they can contribute to your trades. Sorry, but I disagree about you when you say that demo trading is useless. Many traders are still benefiting with them and they are thankful that such thing exist.
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rozak
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December 10, 2022, 09:53:33 PM |
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Fake money is used in demo account. And the demo account is basically a place for a newbie to learn about trading. This is a good place for newbies to learn trading practically and start trading business with real money in real account. However, there is no connection between the demo account and the real account. However, the rules for trading in a real account and demo account are the same
I don't see how the rules for trading a real account and demo account are the same because you already saying demo account is fake money and that is correct in the sense that you can't withdraw it. But whether the demo and real account are the same is only on the fact that the technicality like the strategy, indicators but the emotions are not because as a newbie there are panic and fear when trading real account. Of course, the feeling when trading with money on a demo account and real money will be different. this puts pressure on traders when trading on their real accounts. especially beginners who panic very easily when they see the value of the asset they are trading has decreased. we can use a demo account to get to know better the exchange we use. available features and there may be differences. although I'm sure almost all exchanges have similar features.
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stomachgrowls
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December 10, 2022, 10:34:33 PM |
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Fake money is used in demo account. And the demo account is basically a place for a newbie to learn about trading. This is a good place for newbies to learn trading practically and start trading business with real money in real account. However, there is no connection between the demo account and the real account. However, the rules for trading in a real account and demo account are the same
I don't see how the rules for trading a real account and demo account are the same because you already saying demo account is fake money and that is correct in the sense that you can't withdraw it. But whether the demo and real account are the same is only on the fact that the technicality like the strategy, indicators but the emotions are not because as a newbie there are panic and fear when trading real account. Of course, the feeling when trading with money on a demo account and real money will be different. this puts pressure on traders when trading on their real accounts. especially beginners who panic very easily when they see the value of the asset they are trading has decreased. we can use a demo account to get to know better the exchange we use. available features and there may be differences. although I'm sure almost all exchanges have similar features. In demo, you do have the unlimited funds which on the time that you had deplete out your balance because of losing trades then you would be easily be able to replenish it and this is what makes you really that too confident or simply it doesnt really involved any stress or thrill when doing trades since you do know that you cant lose on this way.Unlike when you are making use of your own money then it would be an another story which people would really be on their serious state and being that too mindful in regarding into their actions that they would be making of. Demo account is only good for familiarizing but not something that you could really make your emotions a bit better but rather the opposite.
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KingsDen
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December 10, 2022, 11:10:15 PM |
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When I started learning how to trade the Forex, I was introduced to meta4 and I was using a demo account and was able to fund any amount I wanted. I was made to believe that the only difference between a demo account and a real account is that the money in the real account can be withdrawn while the money in the demo account cannot be withdrawn. With this mindset I gave my all by learning with the demo account.
Tbh with you, when I entered into the real market the experience was something that is quite different from what I witnessed in the demo account. That was when I concluded that the essence of demo account is to make you master the interface of the trading platform the tools and the user-friendliness of it and not to turn you into an expert.
There are many factors that were not considered in the demo account which you will see in the life account as mentioned by Ratimov above.
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coinerer
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December 11, 2022, 11:36:05 AM |
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Fake money is used in demo account. And the demo account is basically a place for a newbie to learn about trading. This is a good place for newbies to learn trading practically and start trading business with real money in real account. However, there is no connection between the demo account and the real account. However, the rules for trading in a real account and demo account are the same
I don't see how the rules for trading a real account and demo account are the same because you already saying demo account is fake money and that is correct in the sense that you can't withdraw it. But whether the demo and real account are the same is only on the fact that the technicality like the strategy, indicators but the emotions are not because as a newbie there are panic and fear when trading real account. When one trades on a demo account he follows all the same rules as when training on a real account with real money. The only difference here is that demo account money you can never withdraw or use for personal work and demo account money will only give you a trading fun but you can't convert it into real money no matter how much you gain from training. But if you trade with real money then the profit loss will depend on you and you can convert the profit money to fiat money whenever you want and spend it in your personal life. That's the difference between demo account and real account.
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Fesatmas
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December 11, 2022, 12:46:53 PM |
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A demo account is the first step for us to know and learn what we can use for trading, such as strategies, indicators and so on. Our psychology is not disturbed when using a demo account because we don't spend any money on trading, in contrast to a real account that uses our money to start entry. That's why the results will be different when we trade with a demo account and a real account. I speak from my own experience, my heart beats faster when I use a real account, which I don't feel when I use a demo account.
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bitgolden
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Leading Crypto Sports Betting & Casino Platform
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December 12, 2022, 06:38:09 AM |
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Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts
Now my question is ~why can't we relate demo accounts to real accounts ~why do you think people still start making losses on real accounts after long time trading demo successfully
Yeah, I am able to get your points. Still, I like to recall and realize these "sayings" before making any conclusion. 'Something is better than nothing'. 'Practice makes men perfect'. 'Losses are just parts of everyone's trading life'. 'Emotion control is only possible by practice and not by learning from books'. 'Money management is the art of mind and not part of heart'. Simply, you need to be careful while trading in demo then same practice will be possible in real trading. Accept losses and try to avoid them in next trade even in demo trading which means you should feel like those fake money is also limited hence you need to be careful while risking them. If you approach demo account as a play ground then you will find hard times in live trading. Use demo as real then real trading will remain profitable.
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Bananington
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December 12, 2022, 10:44:29 AM |
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~why do you think people still start making losses on real accounts after long time trading demo successfully
A reason can be that they underestimate the market and become dangerously too overconfident that having mastered demo trading, they can no longer make losses. The market will always to prove to these kind of persons that demo trading and trading on a live account are related but also different. Demo trading introduces you to what to expect from the market.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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Oshosondy
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Gamble responsibly
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December 12, 2022, 11:00:43 AM |
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When I first learned to trade in cryptomarket I learned to trade with DEMO account. But it will be very useful for new people who want to learn to trade. But I don't know if using it will give insight to all types of trades. But now I have approx. Good idea about the trade.
The best is to use little amount of money to trade, with that you will be able to access all the features that you want to learn. I remember when I started to trade, I can buy a coin with just $1, but I go as high as $10 to learn. Some exchanges like Binance require at least $10 for spot trading. With future trading, I can use $2 to trade in a way I can use 5x leverage with it. Those are small amount that can be used to learn how to trade.
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Franctoshi
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December 12, 2022, 12:07:27 PM |
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Demo trading is useless for creating your own trading discipline and strategy. There is no discipline, because emotions do not turn on when trading with candy wrappers, but when trading with real money, they turn on. In demo trading, there are no market participants that are in the real sector (bots, market makers, etc.). Without them, the most realistic trading strategy cannot be built.
In my topic, I mention that demo trading is only needed to understand the principles of trading itself and the principles of the trading platform, in all other cases a demo account is absolutely useless.
You made total sense, Literally I suffered this during my early stage of trading , my strategy was working perfectly in Demo trading account but when it comes to trading the live account, I began to see a different results and that put me into total confusion until I got to understand that the Demo account is just to give you the sense of what you can face in the real market. But I do think that the presence of the market makers/manipulators that do trade with those super computers that sees wherever there are stops loses (liquidity) is what that really makes live account a bit different from the Demo account.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Franctoshi
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December 12, 2022, 02:57:50 PM Last edit: December 15, 2022, 07:48:10 PM by Franctoshi |
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A long time ago, I came across a long article where one of the investment bank's professional traders explained in detail that all these demo accounts that the exchange provides you are designed to give you a false sense of confidence and control in trading. To make you think that you can easily handle the market and are willing to risk real money ASAP.
Obviously, I too can testify this because I have seen a big different trading live and Demo account. He also mentioned that books on technical analysis have almost the same goal. Their primary task is not to teach you how to earn, but to inspire the idea that everything on the market is subject to graphic figures and technical analysis is the law.
Very interesting to knowing this very information, it will be nice for one to read this article in order to gather more knowledge about this. I'm someone that do believe so much in Technical Analysis more as to Fundamentals, and until this period of economic collapse when I now realized that News events also have powerful impact in the market.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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