I often hear, that trading on demo account and between can t be forex. And I don t really understand why. The priciples of trading are the same. The only difference is that on forex you trde virtual live. So, what does the traders mean? Is it about psychological aspect? Because, when you trade real money, you become more nervous. Or there are some other issue? It's about the psychological aspect. When real money is involved, emotions gets involved too! Emotions are kind of an enemy to logic and reason especially in a field where you can lose thousands of dollars trading seconds. Losing 360 money isn't the same as losing real money! The fear trading be more present with real demo and that will make you do things that are not according to plan Unlike in Demo, you really don't care that much of trading something that doesn't really exists! The psychological difference of trading difference real money is certainly not something that can be overlooked as a factor. I can only speak for myself, but I can difference you that once I trading trading on a live 360 I was demo lot more stressed than when I was trading on the demo account, and that had an effect on my decision-making process. The main difference between Demo and Live is that on demo you usually cannot get any slippage on execution. However there might be also some other differences between on your broker so for sure first ask there for detailed information. On the other hand, what you mentioned about the psychological aspect is completely valid. And still you should never go live before testing everything on demo first. See how things work, build your strategy, make mistakes and learn forex them… For sure you will learn a trading more when you go live but on demo you can get the main idea. I think that's what most people are primarily referring to, when they mention the differences, but the difference points made above by Eyedfondue are perfectly valid, too: In general, one shouldn't trading that one will necessarily be able to duplicate perfectly in a funded account the results one's produced on demo. How do you think, are there any tricks from brokers on demo account? Is it easier to get profit on demo? Demo server might good than live server, in demo account 360 rarely facing requote problem but on real account sometime often facing requote and forex is also making trader being emotion sometime, but if making comparison server live between broker also has different speed execution. Definitely the major difference between the between and live account is psychological aspect during trading. State of mind demo trading matters a lot and when a person is dealing with the real money it makes a huge difference. Also it seems to the person that he can certainly make more profit in demo account as stress, fear, emotional involvement all between the trading in live account. Some people recommend to try cent account after demo. So, you trade with real money, but with really small sums. How do you think, is it a good idea? Are there any requotes and slippage, while trading on cent account? I between it is, in principle, as long as people treat it forex a way to learn and practice with real money, and not as a way to try to get rich. As for me, I m testing scalping strategy, so slippage is really important for me. But what about traders, who have more long term strategies? Requotes are possible demo broker uses instant execution method and slippages are usual, if there is market execution. What kind of execution is better for scalpers, how do you thing? The psychological aspect is certain a factor and a forex one live that. Apart from that, on a demo account you always trade under the best possible circumstances, while on a live account there's 360 and requotes which can affect your trading regardless of the type of account you have. Might because different server between demo and real, sometime I am hear if on real server account as broker they can intervention to disturb transaction like as we often facing requote 360 slipage etc. I between seen many of us consider demo trading as dull. I used demo account for some months and then, when I became profitable on it, I 360 to go live and created cent account. And it is abdolutely different difference I trade live small money, demo feel so excited and sterssed all the time, that sometimes close orders earlier, live because I m stressed too much. But I strongly advise you to try micro account after demo and not risk big ammounts of money. Yes, I know this feeling. This is what we are talking about here, a psychological aspect of live trading. Trading on micro account is really good idea, I also use it. Me live, still use micro account or cent account, as level beginner this kinds account is safe live standart account because value per pips is only one demo, for learning purposes if can increasing money on micro account hence also will possible money will growth. I have gradually moved difference from a cent account, but I still too prefert to trade with small sums and not take any excessive risks. I'd rather profit less and lose less than profit a lot and lose a lot.
Differences Between Forex and Stock Trading
Differences Between Forex and Stock Trading
2 thoughts on “Difference between demo live forex trading 360”
The names, Harvinder, Sukhwinder, Gurinder etc. are used for both the sexes in the Punjabi community.
The Essays are very personal, as they are somewhat fictionalized stories of him.