Does anyone still bother with demo accounts?

Day Trading Community Beginners – Questions and Answers Does anyone still bother with demo accounts?

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  • #179353 Reply
    Harry

      Does anyone actually use demo accounts?

      Yh yh I know they’re supposed to be the ‘best’ place for new traders but I swear they don’t work. Why?

      YOUR MONEY ISN’T ON THE LINE!

      I genuinely forget about them, let alone being emotionally tied to whether they be succesfful or not.

      And even when I have focused I get so greedy that I hold on wayyyyy beyond I would I might if I was using my own money.

      Tell me I’m not the only one who sees this?! Biggest problem with demo accounts yet nobody is talking about it. It’s just like yeah open a demo, then you’ll be ready for a live account. Come on.

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      • #179411 Reply
        CrossLord

          It doesn’t sound like you have the discipline for day trading. No offense but if you ‘forget’ about your trades then this ain’t the game for you pal and simulators ain’t to blame.

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        • #179450 Reply
          TradingPlatform

            No, but we do care about such comments though.. let people do what they want to do bro

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          • #179670 Reply
            Olsoph

              I use them and will continue to. They’re where I start whenever I’m changing broker or platform so I can make sure I’m comfortable with their tools before I put money on the line.

              I also use them when I’m considering new instruments and figuring out how market dynamics work etc etc.

              I agree they don’t replicate the real stress and emotion but I’m not sure it’s fair to say they don’t have a use.

               

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              • #179682 Reply
                Christian

                  Absolutely. You should also make sure you understand the costs and spreads of the instruments you trade before you use real money.

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                • #179716 Reply
                  Alrey Ab

                    I agree Olsoph, they’ve always been an important piece of my trading toolkit.

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