Trading Live vs Trading Demo

Beginner forex traders are often encouraged to open a demo account first before risking real money on a live account. This way, they can put their newly learned skills to the test, try out various strategies, and get a feel of market conditions and trade execution without the risk of losing actual funds.

But if you've dabbled with a demo account for some time, how can you tell if you're ready to open a live one? Here are some signs to consider:

The first important consideration is whether or not you've come up with a solid trade strategy that you've tested and are comfortable with. This should outline which time frames and currency pairs you'll be watching, which technical indicators and parameters to apply, and entry and exit conditions. Of course it's also important to establish a bit of track record in using this strategy, as consistency profitability may give you enough confidence to stick to this trade plan even with real money on the line.

Another thing to remember is that you need to have a well-defined risk management plan before opening a live account. This can span conditions like the percentage of your account to risk per trade or on a total of trades, how long to keep positions open, or the maximum amount of positions you can open at a time.

If you're disciplined enough to follow these rules throughout your demo trading experience, you stand a stronger chance of managing your risk well with a real forex account. After all, seeing those potential losses or gains can cause emotions such as greed or fear of losing to complicate your decision-making process.

For a lot of traders who've just transitioned to live trading, the temptation to deviate from their trade strategy or risk management plan is much larger compared to demo, so you have to put in more effort to stay level-headed and not get overwhelmed by the pressure to make money. Potential losses can spring from overtrading or drastically increasing your risk just to chase larger returns or make up for funds you've lost.

This brings us to the next factor, which is being able to maintain your cool even if you are losing your trades or suffering a large drawdown. Staying on top of your emotions is no easy feat, but this can be developed in a few months of demo trading.

Lastly, it's also important to ensure that you are comfortable working with your forex broker and have a good understanding of how the trading platform works. This ensures that, in case any errors happen, you can be able to troubleshoot the problem or easily contact customer support to get help. After all, you've got your hard-earned funds on the line so it's necessary that you're trading with a broker that you trust.

用户对我们的评价

keyboard_arrow_left
与我们在线沟通
MSN信息
  • 1、在facebook上点赞或订阅易信easyMarkets
  • 2、打开MSN信息并找到易信easyMarkets
  • 3、开始聊天

我们可以进行Facebook聊天的时间为
每周一至每周五的8:00 -22:00 GMT +2GMT +3

keyboard_arrow_left
与我们在线沟通
WhatsApp
  • 1、添加易信easyMarkets为联系人。号码是+357 99 875 998
  • 2. 打开WhatsApp,选择您已添加的号码
  • 3、开始聊天

我们接受WhatsApp聊天请求
周一至周五 8:00-22:00 GMT +2GMT +3

谢谢

我们将仔细阅读您的邮件并尽快给您回复

您可以查看我们的 教学中心 阅读常见问题

Request failed

Something went wrong. Please try again.

如有紧急事件,请点击 给我们留言 此处

keyboard_arrow_left
给我们发送信息

谢谢

我们的客服人员将尽快给您回电

如有紧急事件,请点击 给我们留言 此处

Request failed

Something went wrong. Please try again.

如有紧急事件,请点击 给我们留言 此处

keyboard_arrow_left
联系我们
call
call
请求回电
方便接电话的时间
keyboard_arrow_left
与我们在线沟通

你好!欢迎访问易信easyMarkets。如果有任何疑问,或者需要帮助,请随时联系我们,希望你在我们的网站获得愉快的体验。

Request failed

Something went wrong. Please try again.

keyboard_arrow_left
与我们在线沟通
  • 1. 搜索易信easyMarkets 企业QQ 800 025 196 并添加好友
  • 2. 开始聊天