View Full Version : Forex Platforms. Demo = Profit , Live = Loss!!???


CamperBoy
11-18-2005, 04:05 PM
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 a real one??...Do you think the broker might manipulate the numbers...?What do you think?Or have you traded both demo and live... and all seems ok?

Annie8855
11-24-2005, 09:18 PM
lol, could well be. I see Forex brokers on here all the time promising high returns, which is obviously dishonest. Bottom line: The market has risk. You could lose a lot of money. Usually in time the trend is up (and I'm talking years) but in the short term you could lose a LOT of money. That's why people with short term goals should seriously consider their risk tolerance.I am always amazed at people who have no clue how to even buy stocks, let alone a clue about proper investing and research, asking which stock to buy and how to make a fast buck. They will learn the hard way.

lucstudent2738
12-01-2005, 02:31 AM
I've done both. Trading Live for 2 months and trading real for 10 months now. Thing is you never know when you're really ready to enter a live market. You could be making wonders with a carry trade strategy, but your profits can easily break loose with a strong market correction. There's always people losing money in Forex whether it's game or live. Brokers sometimes do adjust the pip-spreads in game accounts to make it easier for traders to profit, but even new traders should be aware of the difference in pip-spread once they open a real account. Other than that, new traders tend to trade with no fear in a game account, and sometimes they just hit it big with beginners luck. They don't mind blowing up 3 game accounts. As long as double their accounts once, they'll think they're pro. Traders who treat Forex like a business trades with a system that depends less on luck and more on statistics and management. But even traders with the best strategies have his highs and lows.

Loviho
12-07-2005, 07:43 AM
It could be that many forex brokers are trying to manipulate the numbers, so you would believe you can make money. I traded with virtual money as well as real money and there doesn't seem to be a lot of difference. It could be a psychological effect that involves fear of loss, because when you trade with virtual money there is no fear of loss, but who knows.You could try Metatrader 4 demo account.Currency trading is risky business, but you can make money with it if you trade smart.My advise is that you ALWAYS trade with leverage 1:1 and NEVER trade beyond 10:1, no matter how good you become at trades. People who make money with forex never trade with more leverage than 10:1.

Chiam
12-13-2005, 12:56 PM
Definitely... When you trade live with your own money, you suddenly become extra cautious, reanalyzing and second guessing what used to be simple decisions in the demo system.It's human nature. Disciplined trading, level headedness and doggedly follow a simple, proven strategy is what it takes...