Originally posted by cees

i certainly go with live trade there in nothing like having your money invested

 

Yeah... the excitement of real money cant be fullfiled by the demo trading.. This is why after just a couple of months of demo trading I start trading in real..  But not with the big money.. with small account all the time.. I know that using big money at the first level as same as dumping your money on the sea 

i dont think there is a difference between demo and live both are same platform,due to the psylogical pressure we loss when we using real money, so until now

i dont face any problem i think both demo and live are same

The only difference between demo trade and live trades is money and it is virtual money in demo trades and real money in live trades and that is why emotions are involved in real trading and not in demo trading .

the main difference between them is the emotions.when you will demo you will be very relaxed and you will not have fear of losing the money.but for live account so many fear and greed will come out.and about your losses,l think you have to watch the support and resistant lines for stoploss.you can prefer to place your stoploss 5 to 10 pips above ressitant or below support line .it will work better.

Originally posted by ermaniso2011

the main difference between them is the emotions.when you will demo you will be very relaxed and you will not have fear of losing the money.but for live account so many fear and greed will come out.and about your losses,l think you have to watch the support and resistant lines for stoploss.you can prefer to place your stoploss 5 to 10 pips above ressitant or below support line .it will work better.

 

Since the money in demo is virtual many traders do not take it seriously and emotions are not there so they make profits but in real account trading emotions do exist so the result is different.

Another difference is that the market actually changes conditions from week to week.  Not only does it change from a consolidating/ranging/trending/whipsawing market, but it also changes the pip range.  eg: last year, euro/usd was moving in a 150 pip average range, now this has been cut to 80-100 average.  The market is constantly changing, and 'fixed' strategies are vulnerable to this.

The biggest dfference is emotions and greed when a trader pratice on demo at there he did not met with these hence he make good profit there and getr confident about his strategy and with that strategy he move on for live trading

In live trading he encounter with emotion and greed these two compell trader to take wrong steps and to alter his strategies and trader met with failure because of these two

We must understand that we cannot practice all on demo for such thing we need real account because these two matter when trader invest something from his pocket. 

Fort a new trader it better to start with little capital and first of learn to contel these things while trading with real account.

If you think demo and live trading are the same you have not lost or made money on forex before.

Demo trading isuseful to those people who are just don't know about forex trading and want to grab some good their strategies and knowledge and i just love this business and then we can enter in real account.

Originally posted by randy181992

Demo trading isuseful to those people who are just don't know about forex trading and want to grab some good their strategies and knowledge and i just love this business and then we can enter in real account.

 

Demo accounts are not only useful for newbies. They are also useful for experienced traders to back/forward test a new strategy before they risk capital with it.