Quote from: awik p on July 05, 2023, 03:45:49 PM

Quote from: arwin100 on July 03, 2023, 10:16:06 PM

Quote from: Alpha Marine on July 03, 2023, 09:53:07 PM

Quote from: goaldigger on March 30, 2023, 09:34:42 PM

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.

I don't think demo trading has actually helped anybody learn to trade.
A couple of years back I tried forex trading with a demo account and it felt like I was learning because I was making profits, but when I started trading live, I lost all my money. I think that's part of the reason that discouraged me from foreign exchange.
What I find most annoying about demo trading is how easy it is to trade and make a profit. All this is to make sure you trade on that platform.

Normal to experience that situation since not all the time that what trades you do using those demo accounts will also happen when you are at real time trading using your own money. Remember that market is unpredictable so maybe that's the reason why you lose your money since you didn't expect some situation and you got caught up with it. But for me demo accounts are so useful because for this we can warm up or try anything that we can learn from before we use our money to trade since its really waste of money if we don't use this and we want to try some strategy so demo is there to save us up to know more about on trading.

the sense of responsibility that was lacking on the demo account carried over to the real one. in this case a psychological feeling that is not obtained on a demo account because you feel that if you lose it is not real money. therefore we must be able to distinguish between the functions of a demo account, indeed for strategy practice, but not for trading psychology practice, which we will only get on a real account. because of that many people complain as if they are professionals on a demo account, but are always wrong on a real account

It's true that the demo account is only for strategy practice and feature introduction,
even for strategy practice i don't think it fully work because it will be very different when trading for real,
Most importantly don't think that you can fully master trading after trading on a demo account.