Are there any difference between forex trading transactions in demo account and live account?
Reply me in aspect of profit earned through demo account. Can i resemble the same in live account.
Extra tags:
- why rate in profit and loss is different in demo and real account in forex,is there a difference between a demo forex account and a live forex account,is demo fx trading exactly the same as live trading?,is demo account the same as live account,i made a great profit in demo acoount,how will you account for this difference is there any,forexrighttrack melvin,Forex Trading Resource htm,forex spreads same for demo and live account,forex real demo account difference,forex live vs demo,forex live demo accounts difference,forex difference live demo,forex difference betwen demo live account,forex difference between demo and actual account,forex difference between demo account and,Forex demo vs live spread,is there a difference between trade in a demo and live account forex,is there any difference between trading with demo account and actual account forex,what is the difference between live and demo trade
Related posts:
- Forex Platforms. Demo = Profit , Live = Loss!!??? Do you think it is the case?? When you trade with demo accounts… you always profit maybe because the company wants you to invest into...
- does this Forex trade strategy work on the live account? I been using the demo account and thought of this little strategy which help me profit 200 dollars in one day for a couple of...
- Forex Demo Account to LIVE Account conversion rates.? I am a part of a small online Forex brokerage firm and we have DEMO Account to LIVE Forex Account conversion rate of nearly 9%....
- FXCM Demo versus real trading in forex? I have been trading the FXCM Micro demo platform and have been doing well. I used to trade futures and was wondering if there is...
- I turned 50000$ into 70000$ trading on forex practice account in two days, is that good? The reason I am asking is because it’s kind of hard to believe that I was able to make 40% profit in just two days....
Tagged with: account • aspect • demo • demo account • profit • Reply
Filed under: Trading Forex
yes and No….. if the markets was to do the same thing yes you can…. Most demo accounts are the same….. So if you made it with the demo then get it in there……
I started with a demo, I know trade everyday for the last two years and have three sites to help people.
So you are on the right track……… I think your ready… FXCM all the way….thats just me…
The main difference is YOU and how your handle your emotion during trading.
Demo accounts and live accounts are exactly the same except that demos use fake money and live ones use real money. Most brokers offer demo accounts for new traders so they can get used to forex trading before they start playing with their real money.
When I started trading, I found a great resource for finding brokers that offer both demo and live accounts: http://www.forexpros.com/brokers/
Here you can specifically search for brokers that offer demo and/or live accounts as well as those that offer any type of specific service or are located in a given area.
live account is real money – no guarantees of profit in investing in currencies or equities – you could lose all your money with currency trading
For me in the beginning, it’s not the same but if comparing long term it’s almost the same.
This is because I get very nervous when I first start trading in real money at any time but when I feel comfortable I don’t feel nervous anymore.
In a demo account there is no guarantee that you will have the same spreads and be able to have all your trades placed. If you go with a reputable broker the results should be almost exactly the same as they will use the same system for both demo and live accounts. You can find some reputable brokers at www.forexlane.com/brokers.html
Looking at some of the forex spread trading sites there is no difference in the spread size of real money account and the demo account.
As some of the other answers state though, there is often a large psychological difference in how you trade the two different types of account.
Having said that, you can sometimes see different prices for real money accounts and demo accounts. Eg financialspreads.com and tradefair both offer live prices for real money accounts (naturally) but their demo account prices are on a 15 minute delay.
That may explain why you are seeing some discrepancies.
Depending on the broker, there can be lots of differences. For one, I have seen some brokers really increase their pip spread right before news announcements.
Perhaps the bigger issue though will be how you will react psychologically when trading real money vs trading paper money. For me, that was the biggest thing to overcome.
Most often they are the same. The only different is your trading patern when trading in demo (not your money) vs trading with your real hard earned money. It’s all about the psychology of trading.
Good luck.