Quote from: sokani on Today at 11:01:39 AM

Quote from: Davidvictorson on March 30, 2023, 08:12:33 PM

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?

For a newbie who has complete zero knowledge about trading, I think it would be wise to start trading with a demo account to test the waters and to get some insights about trading before actually diving into it. Before doing a demo trading, it would be assumed that the newbie must have studied some materials or watched some professional trading videos. So the demo trading is like a practical experience to apply some of those things he has learned. This would help to build the newbie's confidence, broaden his knowledge, and save him from making unnecessary errors and lost of funds.

Demo account would really be that good when it comes to familiarity of the indicators and trying out to back test certain strategies on which you would really be able to make analysis and make out strategies which you

could really be able to apply on the time that you would really be making this live trade.Some doesnt really tend to go with demo and directly make some live trading and using their own money and at the same time
they would really be able to learn up things on their own along the way.Its not bad to make out some steps because even myself did really start on having that demo account when it comes to discovering something
then you could be able to learnt it up along the way.
It does really depend on you though because not all would really be that having that kind of thinking when it comes learning things which some might really be that going with the basics and some would really
be directly going in rush.