Post
Topic
Board Trading Discussion
Re: What is your honest review of the Demo account?
by
Oilacris
on 21/06/2023, 22:19:36 UTC
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".
Me personally, yes, I will use a demo account even if it's only for a while. Its function is that, especially for newbies, a demo account will help us at least to understand more easily the mechanics of trading on the exchange. Sometimes, it will be easier for someone to learn directly rather than reading some theory. Although this does not risk our own money, but at least it can help us to understand earlier and get used to some of the features and uses of trading.
1 month should be sufficient if we do speak about familiarizing but this is just my own personal opinion because there are traders who could really make out 1-2 weeks on using up demo before they

would decide on going with real balance on which i would say that it isnt bad because on the time that you are familiarized with those indicators and tools then it would really be just that right
that you would be able to make yourself get prepared for the real market engagement. It wont really be that so easy though but the rest of the learning would really be acquired through real
market experience. You shouldnt prolong yourself into demo account because this one cant really teach you out in terms of emotional handling or something that
it is really that connected to risks management because this would be particular be gained through real experience with real balance.