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  1. #1
    Senior Member raymond09's Avatar

    Demo is the best of the best school. !!!

    You know Binary options demo account is one of the best ways to get experience and knowledge on trading and using binary options, without the fear of losing your capital. You just need to set up an account that allows you to demo trade. This'll be a clever step for who are begin their journey at this platform. Happy trading.

  2. #2
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Not only in binary but in all other forms of trading, demo testing of a strategy is essential before u test it on live account. The problem starts when beginners misuse it by opening trades without any logic. If they get lucky, next day they open live account. Over next few days, real account is blown. This is usual practice by majority of novice traders. They do not try to learn before they start to earn.

  3. #3
    Veteran Member uj.forex's Avatar
    I won't agree here. My opinion is totally different. Demo is not a teacher, it is a tool that makes a newbie trader overconfident because he trades demo account without any seriousness or emotions involved. He gets profit most of the times, but when starts live trading , he faces losses... So my suggestion would be that a new trader should also open a live account with small amount and trade lowest lot size on it to learn it, before trading big amount with big lots.

  4. #4
    Rookie Member
    Coming to agree with uj.forex who cares about monopoly money, you will only care about real money because when you make mistakes is gone and not coming back. Since I started to trade with Vaultoptions they have assigned me a personal coach to guide and assist me in my journey through binary options.

  5. #5
    Rookie Member
    Trading with demo account is beneficial and traders can invest money without any risk.

  6. #6
    Specialist Member marvel's Avatar
    Quote Originally Posted by uj.forex View Post
    I won't agree here. My opinion is totally different. Demo is not a teacher, it is a tool that makes a newbie trader overconfident because he trades demo account without any seriousness or emotions involved. He gets profit most of the times, but when starts live trading , he faces losses... So my suggestion would be that a new trader should also open a live account with small amount and trade lowest lot size on it to learn it, before trading big amount with big lots.
    I think the same way like uj.forex it is totally different when trading live and when trading demo accounts. On one hand it is different from psychological point of view but on the other hand it is different from money management and finally from technical point of view, because on demo you tend to experiment with more strategies and even with some unproven strategies, whereas on real trading account you are more cautious and you prefer to use only well tested strategies.

  7. #7
    Legendry Member willyw's Avatar
    Quote Originally Posted by avamorcle View Post
    Trading with demo account is beneficial and traders can invest money without any risk.
    Yes demo account is beneficial for newbies. How can demo accounts help traders without risk? If traders can trade successfully with demo account how traders invest without risk? Forex trading involves risk and as a trader we need to manage our risk!!!!!

  8. #8
    Solid Member
    I am also having your opinion that Forex is not a teacher. I think demo is like a poker game. Here we can just get entertainment not the real taste of trading. But it is true that demo is can be the bible for every begineers. On the other hand Real is like a casino game. Here you will get the actual taste of trading and we can learn hurrily from real account. So from my point of view demo can't be the best of the best.

  9. #9
    Legendry Member willyw's Avatar
    Quote Originally Posted by crimson69 View Post
    I am also having your opinion that Forex is not a teacher. I think demo is like a poker game. Here we can just get entertainment not the real taste of trading. But it is true that demo is can be the bible for every begineers. On the other hand Real is like a casino game. Here you will get the actual taste of trading and we can learn hurrily from real account. So from my point of view demo can't be the best of the best.
    Yes demo trading is the the best. It gives the newbies a feel of the market and how to start trading. And from their mistakes they can correct themselves so when they invest real money they will not repeat those mistakes again.

  10. #10
    Veteran Member uj.forex's Avatar
    Quote Originally Posted by willyw View Post
    Yes demo trading is the the best. It gives the newbies a feel of the market and how to start trading. And from their mistakes they can correct themselves so when they invest real money they will not repeat those mistakes again.
    Not necessarily, and not all the times... The EMOTIONAL CONTROL is the most important thing in trading... you wont even care if ur trades are in loss in demo, but in live u will close ur trades in loss, and u'll see that because of LOW PATIENCE, u closed it earlier and now the market is back in ur favorable direction....

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