What is your honest review of the Demo account?

[Davidvictorson]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

1. admiralmarkets.sc/education/articles/forex-basics/...f-forex-demo-account
2. http://tradethatswing.com/when-to-switch-from-demo-to-liv...rading-real-capital/

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[alik111]

I think every new users should try demo trading first as it helps user to be an experienced trader. I also tried demo trading and learned a lot. It really helps when you do future trading even if can generate trading strategies with demo accounts.

[Oshosondy]

Demo account is rubbish in my opinion, although it is not a waste of time for some people.

I believe that in demo trading, there are no real consequences for losing "money".

It is not only that there is not emotion in demo account like real account. In real account, you can trade with just $10 on many trading platform. There are even many trading platforms that you can trade less than $10, even with $1. So why the need for demo account? It is totally not useful for me and I did not use itnwhen I was learning how to trade.

When I started to trade futures, my first position was opened with just $0.25. see how low in amount of dollar it is. So why demo account when you can go that low in the amount of money that you can use to open a position to study the how trading works.

[Hamphser]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

Demo trading isnt that bad because you would really be making yourself having the familiarization of things which are involved on trading from those technical indicators and other terms which would really be helpful

for you to understand and realize on whats the use of it.Its true that the one thing that do lacks for you to become better in demo trading which do skip out is on that emotional control and enhancement.
It is true that this one aspect is something that cant really be mold up because we do know that in demo we cant lose money and this is something the main difference on the time you would be dealing
with real live account which does really means that you wouldnt really be making yourself having that enhancement an this is why on the time where live things happen then it would be an another story.

[goaldigger]

Demo trading is like trying the platform itself, familiarizing about it though you can do the actual trading but there’s no risk on that and your emotion might not be present by that time but still using a demo trading at first is a big help.

Trading is a long journey, you should not think about making money instantly, because in trading anything can happen and losing are more possible if you do trade without having your own analysis. If you want to learn the process and feel the hype or fud, better start trading small and you’ll learn more from this.

[logfiles]

Anybody who used demo trading accounts as away of learning day to day live trading is lying to themselves. The biggest component of trading is emotions, without real money, there are no "real" trading emotions

Demo accounts are only good for newbies if they are trying to learn how to make orders, create stop losses etc. Besides, most demo trading platforms are illiquid and do not depict the actual trading environment. A good example are the Binance and bybit demo trading platforms. They suck in every bit, especially if you are an experienced trader.

[Maus0728]

Using demo account is like smoking a nicotineless cigarette.

And as others have said, it is only useful for learning how to use the platform (e.g., buying, selling, SL, placing  order, etc..), and not something that will teach you proper trading management as it is lacking some kind of consequences when a trade goes south.

The only difference between a real and demo account is the mental aspect of trading...and that's self explanatory.

[Cantsay]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

It's pretty difficult to continue using a demo account for a long period of time, because it will get to a point where you'll no long feel any zeal to keep on using using it because you really don't have anything to lose. You might even see it as a game.
It better to just try it for a little while once you get familiar with everything there's for you to know then switch to a real trading account where you can experience the real thing, and not some demo whatever.

[Coin_trader]

What is your honest review of the Demo account?

I use it when I’m not confident on the market while I still want to trade without losing my for my self satisfaction. Demo account is good when testing a strategy on the current market movement to eliminate the risk. It’s only a waste of time using Demo account when you keep using it without any purpose.

Sadly most of the crypto traders don’t know the real essence of demo trading which makes many newbie loss money on gambling trading without any strategy formulated for their trade. I know that actual trading is different on demo trading because of emotion but this emotion is negligible if you have a strategy that being followed like a rule book on trading.

[dansus021]

To be honest I'm a person like straight to the point back then Im using a real account on any platform from stock, forex, and crypto. But I keep losing 

Watch strategy on the internet and try it on a real account, later on, goes puff gone  . So in my opinion Demo account is important though it may spend your time but it is worth it if you are trying to mix some strategies or try a new one.

and you got nothing to lose until you think trade is profitable.

[hd49728]

Do you think that should spend so much time trading on a demo account?

You can start by learning but itself is not enough. You need practice to test your knowledge and adjust yourself. If you code your trading bot, you can use demo account to test it just like developers use testnet to test their code before they deploy it on mainnet.

Demo account and trading with it is good but it is different than real trading with your real capital. If you don't use trading bot, trading with real capital will cause you to be more sensitive with your emotion which can lead to trading mistakes, bad order decisions. You won't have chance to practice and control your emotion with demo accounts.

[bittraffic]

It's good for training though. It's from the demo account that we learn to set up our indicators and how to change the backgrounds of the platform and the colors of the MAs.

I did use the demo for some time. Learning the basics is important which demo account is good. But if you don't risk some kind of real money, you won't feel the pressure to win which if you keep playing the demo, you might not learn until you lose some funds. ITs why losing is important also 

[leonair]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

Demo account serves as a trading training only.  And this is an important aspect for beginners. For those who don't know how to buy and sell a coin and other training details. They can only train them from a demo account.  Moreover, there is no value in the demo account, there is no benefit even if there is a profit or loss. So people who can trade and trading experts I don't think they use demo account and waste there time.  It is used only by those who are new to trading.

What is your honest review of the Demo account?

I use it when I’m not confident on the market while I still want to trade without losing my for my self satisfaction. Demo account is good when testing a strategy on the current market movement to eliminate the risk. It’s only a waste of time using Demo account when you keep using it without any purpose.

Yes demo account can be a good way to check the market conditions and whether your strategy is working well. Many people go to trade with large amount without understanding well about training, in this case they face big loss if they take wrong entry due to not understanding well about trade.  So in this case it is very effective to test your strategy on a demo account

[Tony116]

I agree, demo trading should only be used for the first few weeks to get used to the interface and how to place orders. Do not use it for too long and consider it as a place where we will have experience for actual trade later. There is a huge difference when using a demo account and a real account. I bet that even if you win on a demo account, you will soon lose on a real account. Psychology and emotions will be completely different.
As for me, I never use and encourage anyone to use a demo account, it will very easily lead us to have wrong habits and actions when using a real account.

[Gladitorcomeback]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

Demo trading is very good option for newbies who have zero knowledge of trading at all. one can learn diferent strategy and some trading trick through this demo trading. when newbie enters in trading, he is thinking just o profit and he has no idea of right time to buy and sell. newbie can learn from Demo account that how to use fund wisely. demo account fund is very big and one can apply different strategy for proper trading. i will called first practical class beore strating real trading.

the big issue with demo account is that one cannot control emotion because the money he win or lose is not real. controlling emotion is big tool which should be used in trading. without this newbie will loss all or will no book profit at right time. it will be better for newbie to first start with demo account and after learning basic trading skills he should use small budget to start real trading which will make him professional in trading and then he can use big amount or trading.

[cafter]

I think every new users should try demo trading first as it helps user to be an experienced trader. I also tried demo trading and learned a lot. It really helps when you do future trading even if can generate trading strategies with demo accounts.

if you use demo trade mode to be familiar with the platform where you are going to trade and demo trading is important,

and if you are learning to trade then demo trading will not help to learn trading, depositing real money is helpful if you want to learn.

[AicecreaME]

Well, demo account's purpose is to show newbie traders how trading works, it's interface, and the functions of those. But yes, using only demo account will not help you grow as a trader, because you don't care about what's gonna happen next since you don't have anything to lose. The real experience could only be gain in the real account, because you have to be more serious and wise every time you're gonna enter a trade to gain profits.

Real emotions as well could be gain in real trading account, it is where all the challenges begins. You'll realize what you need to improve in order to be more profitable and avoid mistakes.

[arwin100]

What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to  live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?

Demo accounts is so useful because you can experiment all different methods you do and can test out which of it is suitable on your trading style. You can also test the market condition on each timeframe so this is so good to use first by newbie before they are going on real time trading.

Although somehow there's no emotional attached by trading using demo account but by the help of this you are equip with knowledge and other possibilities so that you became careful and alert to the coins you wish to trade.

[sheenshane]

For me, the real trading education starts where demo trading ends. What do you think?

That's quite a good idea, it allows you to practice trading strategies and get familiar with the trading platform that you will use without risking real money, this can also help you to build confidence and gain experience before moving on to live to trade.  But remember this doesn't guarantee to make a profit instead, it's only gaining experience because the market moves in an unknown direction.

After this, you can also consider copy trading as a part of your success while gaining experience from demo trading at the same time copy trading will guide you from trading, copying the trades of more experienced traders would be a great idea IMO.

[ethereumhunter]

The demo account is created for the learning of people who want to deepen their trading lessons. Using a demo account, they can learn to analyze by applying lots of analyses and strategies. And if you don't understand more about trading and you lose, you don't lose your money but it's demo money provided for you.

So you don't need to fear losing money trading using a demo account. And when you understand trading and have mastered how to analyze the market well, you can use a real account to apply what you have learned.