How can we trade our live Account and get same results obtained during demo trading?
Logo

Login

Log in with
X
 
  • filter
  • Time
  • Show
Clear All
new posts
20
  • #1 Collapse

    How can we trade our live Account and get same results obtained during demo trading?
    How can we trade our live Account and get same results obtained during demo trading?
    https://forum.mt5.com/showthread.php...rategy-Journal
  • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
  • #2 Collapse

    How can we trade our live Account and get same results obtained during demo trading?
    Before anybody can get the same results that was obtained when they started trading in the demo account, it is best for them to adopt the right mindset towards trading the demo account,unfortunately majority of traders in this market really don't consider the demo account as a very important aspect of their learning process, if you do not have the right concepts about this practice account it will not be possible for you to achieve the same results that you got there in the live account.

    Why The Results Differs

    High Trading Risk.
    when you trade with a very high risk in the demo account,there is actually a possibility that you will repeat the same mistake in the live account, you have to be very serious with your risk management in the demo account,if you are having a very wonderful result in the demo account and you cannot accomplish the same results in the real account,it is because your orientation is not right.

    Trading With High Balance.
    Traders usually have a tendency to practice with a very high balance in the demo account,the truth of the matter is that it will not be possible for you to open a real account with 5000 dollars,if that is the case then it is better for you to practice with a smaller value because that is what you can afford in real account trading.

    Trading With Many Indicators.
    if you are going to trade with many indicators in the demo account, it will affect your performance in the real account,there are so many things traders do with a demo account that is not realistic in the live trading environment, that is why the results are always different in the long run.

    Comment

    Advanced mode
    • #3 Collapse

      This question is the main problem for those who have been learning forex trading on the demo account but are still not sure how to translate the skills in demo account to the real account and it is a very valid question.

      I think most people will agree that there is a huge difference between trading on a demo account and on a real account and most of it comes from the fact that in demo account you have elements that don’t really exist in the real account and they are:

      The sense of security in demo account
      What this really mean is in the demo account you are free from any obligation or responsibility and this will automatically lift the burden of making mistakes. If you know that any loss will never really affect your financial being then you will be very calm and don’t have any pressure at all , so you have a false sense of security. If you want to have the same result in the real account you have to get rid of this false sense of security and treat the demo account as if it’s a real account so you will be careful when trading.

      Click image for larger version

Name:	B10AC8AB-EDE5-4C62-A2B5-9915EC445CF6.jpeg
Views:	1
Size:	21.5 KB
ID:	17358769

      Use the same trading balance
      If you are using a demo account, usually you will choose a very big starting balance in your trading account because....it’s virtual money. If you want to get a real result then you must open a demo account using the same balance that you will put in your real account later on. If you can’t have a big balance to open a trading account to match the demo account balance then you can just use a real cent account. $1 is worth $100 in the cent account so $100 will be $10,000 and this is a good boost for your morale.

      Don’t forget to also train your trading mentality
      Most of the time, people will only train their technical skills when training using a demo account and this is also important. However, many people forget that in the real account your real emotion will be involved as well. So you must also train the psychological aspect of trading so you won’t flinch when you see floating loss or consecutive losses. Most people get scared to see their account start losing money and then they start doing things that do not really exist in their training such as revenge trading or over trading etc.

      Click image for larger version

Name:	AC02A3C2-08A8-461B-82DB-DE779C5AC85F.jpeg
Views:	1
Size:	35.8 KB
ID:	17358771

      Do exactly what you do in your demo account
      When you start trading with a real account you must do exactly like what you do in the demo account no matter what. In real account you will face many market scenarios and that is why it’s important to train in every market scenario. Some forex trading course will give you various materials that you can learn from that reflect what usually happens in the real market and this will prepare you to face the real market.
      You only need to read THIS ARTICLE to make money from forex trading,

      Comment

      Advanced mode
      • #4 Collapse

        The demo account and the live account are not the same. While live accounts are real, it's demo account counterpart, is just a simulation of the real thing. This makes it difficult for a trader or traders to achieve similar results on both accounts. Even though it is somewhat difficult to achieve same result on both accounts, it is however possible to achieve.

        There are few ways you can get the same results you get on your demo account, on your livee account. Those ways are not very simple to follow, as they require a lot of psychological adjustments.

        Here are some of the steps to follow in order to achieve same results in live accounts as you do in your demo account:

        1. Make sure that when trading your demo account, they have the same amount that your live account do. If they have same amount and you can grow your demo account to a reasonable extent, then it would not be so difficult to replicate same feat on your live account. However, it is important that there will be a mindset adjustment to take the money in do demo account to be real.

        2. Have this mindset that sticks to the rules of engagement in forex. The demo account is solely for practice. Since it is well known that practice leads to certain levels of perfection, it is therefore important that demo trading is taken as serious as live trading. This level of seriousness helps you to build some level of discipline, emotions control and greater understanding of the market. It is only when this is achieved, then you can now talk about acheiving results on both accounts that will look relatively similar.

        Comment

        Advanced mode
        • #5 Collapse

          Demo account
          The forex trading demo account is a simulation of what the real trading account in forex looks like. The demo account is available to help traders learn how to trade the forex market and get good mastery of their trading Strategy before they would go into the main trading of a live account in the forex Market which involves the use of a real cash to make the trades and get good profits from it when the trades placed moves in the direction of the position opened by the trader.

          Live account
          The live trading account is the main trading account that traders uses to make profits from the Forex Market. The live account requires a fund to be deposited into it before trades can be carried on it. It is the real forex trading account and traders gets losses or profits from this account depending on how the trades goes.

          How to get same result from demo account on live account
          It is actually not an easy feat to achieve same result from trades on the demo account on the live account because there would be emotions of the trader, greed, fear and anxiety when trading the live account. If all these can be sorted out amd with all things being equal, the trade results from the demo account can be replicated on the live account.

          Some of the things to do to get same results on the demo account and live trading account includes

          1. Use exactly same trading method that gives profits on the demo account to trade the live account.
          2. Ensure that discipline is applied when trading the live account so as not to give in into touching and adjusting o f trades which can lead to losses
          3. Ensure to have a good mastery of the trading Strategy on the demo account before using it to trade live account so that the Strategy can be completely replicated on the live account instead of trading another variant of the Strategy which can result to losses if not Properly used.
          4. Do not involve fear, greed, emotions and anxiety while using the same method to trade the live account.
          5. Apply Same logic used in trading on the demo into trades on the live account and the results would be same.

          Comment

          Advanced mode
          • #6 Collapse

            What is the difference between demo and real account in Forex market and why we can't achieve the same success on both of them ?

            Difference between demo and live Forex trading :
            There is a difference between demo Forex trading on a Forex demo account and live Forex trading on a live or real account. this difference between them is represented in the emotions. Where, the trading on a Forex demo account is typically without any pressure or emotions because the trading on the demo account is done with fake or virtual money, and this fake or virtual money doesn't stimulate the emotions during the trading. And this is why, when the trader finish his learning in the demo account and start his trading on the real account, he typically fail to achieve the same results that he achieved on the demo account because the trading on the real account is done with a real money, and the real money is typically stimulate our emotions like greed, fear, and other emotions during the trading on the real account. So, most of beginners always be able to achieve profits on the demo account and fail to achieve any profits on the real account. Because they fail to control their emotions during the trading on the demo account.

            What should the trader do to control his emotions on the real account ?
            After the trader finish his learning on the demo account, he shouldn't start his trading on the real account directly with a big amount of money. But the best to him is to open a cent account. Then he can deposit a small amount of money in that account in order to continue his learning on that account. Because the real money will stimulate his emotions during the trading on the cent account and step by step beside his practiucal trading on the cent account, he will know well how to control his emotions during the trading. And the most common factors that can help you to control your emotions during the trading are :
            • The trading with low risks in addition to determining a given level of risk per each trade, such as 1%.
            • Accepting the losses via using stop loss to all our opened trades.
            • Avoiding monitoring the chart for long time during the trading.
            • Using small lot volumes during the trading beside suitable leverage.

            If the trader followed the mentioned above points, he will be able to control his emotions during the trading on the real account, and this in turn will help the trader much to achieve the success on the real account like the demo account without any problem.

            Click image for larger version

Name:	live vs demo.jpg
Views:	1
Size:	16.1 KB
ID:	17358785
            My Trading Journal

            Comment

            Advanced mode
            • #7 Collapse

              CAN TRADERS DUPLICATE DEMO TRADING RESULTS IN LIVE TRADING?

              Actually, traders should be able to duplicate their demo trading success in the real live money trading. However, with most traders this is not the case. Instead, you see traders losing hugely in the real live account.

              REASONS FOR DIFFICULTY IN REPEATING DEMO SUCCESS IN LIVE TRADING

              1. WRONG USE OF DEMO: The demo trading account is supposed to be a practice account where the trader practices and builds trading skills and experience. This however will be achieved if the trader uses the demo rightly. Most traders practice with a demo having huge balance whereas they could only afford a hundredth of the amount in real deposit. Habits picked up while trading a huge account balance will be counterproductive on a small live capital account.

              2. EMOTIONAL CHALLENGES: The forex traders seems not to care much when trading the demo account since the money involved is unreal money, hence no real loss is experienced when trades go wrong. On the other hand, real money is lost when trading the real live money account, and the trader finds himself emotionally attached to the trading. This works in the negative as actions are taken under emotions. Hence the trader finds himself making losses instead of profits.

              3. LARGE CAPITAL ALLOWS OPENING NEW DEALS: The forex trader could add to losing trades when trading the demo account since the capital is huge and there is big free margin. Doing this in the real live account will only quicken the advent of margin call, especially when the trades keep going in the wrong direction.

              DUPLICATING DEMO SUCCESS: STEPS TO TAKE

              1. USE DEMO WITH REASONABLE AMOUNT: Forex traders will be able to duplicate their demo trading success in the real live money account if they practice using the same amount to be used in the real live account. Trading skills and experience are picked up when trading the demo account.

              2. TRADE WITH SERIOUSNESS, APPLYING ALL TRADING RULES: The trader will get good results in both demo and live if the demo is practiced with seriousness, applying trading rules. Using good money management is compulsory and not optional. When this is adopted, success will be imminent. The stop loss should be a matter of priority if the trader will achieve good trading results whether in the demo or real account.
              Covid-19 will not wipe out humanity! Let's fight this common foe together. Together we win this war! Please apply WHO recommendations on keeping safe!
              Hedging Edge: Heading For $6 Million!

              Comment

              Advanced mode
              • #8 Collapse

                Why There is A Disparity Between the Demo Account and the Live Account.
                There is always going to be a difference between your performances in the demo account and the live account, both of them carries different psychology that is why people can make a lot of money with the virtual account but when it comes to the real trading they have losses, you have to understand that the forex market is all about trying to keep what you have made,a situation whereby you are able to earn money today and lose it the next day is totally unacceptable,both the demo account and the live account are supposed to have some level of similarity in terms of the results that you obtain.

                Demo Account Trading
                it is very easy for people to do anything they want in the demo account and get away with it, this mentality has affected majority of traders in a negative way, you must take the demo account trading very seriously because whatever performance you obtain from there is what will be replicated in the real account,it means therefore that it is not wise for you to treat this account with levity or with a lackadaisical attitude.

                The Live Account Trading.
                The live account is where the real deal takes place,it is on the basis of the confidence that you have built from the demo account that you can trade the live account,when you have not taken the demo account seriously it is not possible for you to get a wonderful result from the real account, you must be very careful about how you handle the live account in order to avoid margin call.

                Comment

                Advanced mode
                • #9 Collapse

                  Don't Limit Yourself in the Forex Market.
                  it is possible for you to have a better result than what was obtained when you practiced in the demo account,we should not always have the notion that the success rate that we got when we were practicing is always going to be better than what we can accomplish in the real account,it is all a matter of perspective and the mindset that we carry as traders,you can actually have the kind of results you were able to get when you used the demo account.

                  How Can We Do Better in the Live Account.

                  a)Practice Flexibility.
                  you really have to be flexible when trading in the live account, you should have a predefined set of Rules that you follow when you are about to pull the trigger,but when you notice that there is a change in the market structure you should have a second plan on what you are supposed to do in such circumstances,your ability to be flexible will increase the odds in your favour eventually.

                  b)Apply Self Control At All Times.
                  when it comes to trading in the real account,you have to understand that there are some things you did in the demo account that has to be jettisoned, the psychology that is applicable in the demo account is different from what is used in the real account,we must know how to control ourselves before we can succeed in the forex market.

                  c)Use Small Lot In Trading.
                  there is a tendency for you to trade without risk management in the demo account,you must never attempt to make this kind of mistake in the real account trading because it will have a terrible effect on your performance in the long-term.
                  Attached Files

                  Comment

                  Advanced mode
                  • #10 Collapse

                    Demo account
                    The forex trading demo account is a virtual account and a simulator of what the real forex trading looks like. The demo account is a virtual account that is made available by forex brokers to help traders learn how to trade the forex market and to be farmilar with the strategy that suit them before trading in the real forex market which involve the use of real money to place the trades. The demo account is a practical account which is loaded with virtual money to make demo trades by traders which help to develop traders knowledge, skills and experience before going into live trading which involve real money to place trades and make good profit from it when the opened trades move in the same direction of the trades. The demo account is also an account which is made available by forex brokers to which help traders to test run their strategy, plan and pattern of trading that suit them. It is also an account where traders test drive and master new indicators before using it in the live trading.

                    Live account
                    The live forex trading account is the main trading account that traders invest real money to make good profits. The live account involve real capital before trades can be place to make good profits when the trades placed move in the same direction of position opened by the trader. To place trades in the live account, the account will have to be funded before any trades can be executed and make profits. The live account involve real loss and profit and traders can make loss or profit based on their trading prowess, strategy, plan, knowledge, experience and many more.

                    Ways on how to get same result from demo account on live account
                    Not many traders can be able to get the same result from demo account on live account because on the live account traders are sometimes engulf with emotion which is as a result of fear of loss, greed and anxiety when trading the live account. When traders are engulf with emotion they make irrational decisions that could affect their trades and make their results on demo account to be different from live account. For traders to get the same result from demo account on live account, it is imperative to do the following

                    • Traders should use the same trading strategy that gave them profit on the demo account to trade in the live account.
                    • Traders should trade the live account without fear of loss, greed, anger and anxiety just as they did while trading in the demo account.
                    • Make sure discipline is apply while trading the live account and good profits will follow.
                    • Use the same style or pattern of trading used in the demo account on the live account.
                    • The demo account have enough capital which help traders to make good plans and if the live account can be funded with such capital as that of the demo account, then traders could get the same result from the demo account on the live account.
                    • Apply good risk management and money management.
                    Together we are winning the war against the Covid-19 pandemic. Which shows how strong we are when United as one.
                    Racism can only tear us apart. Let's SAY NO TO RACISM. Every LIVES MATTER. We are all one.
                    I love Instaforex. Do you?

                    Comment

                    Advanced mode
                    • #11 Collapse

                      Why demo accounts often productive and live accounts are suffering losses?
                      The simple answer is that this is a cycle that occurs and becomes a trader's habit, getting rid of bad thinking and about live accounts that often suffer losses. The answer to this question is actually simple; the psychological factors of traders using a demo account are usually set up and forget about. Unlike traders who use live accounts, are they worried and worried about their correct position?
                      Click image for larger version

Name:	image-result-for-trader-senyum-forex.jpeg
Views:	3
Size:	21.6 KB
ID:	17358918
                      How do I train a live profit account consistently?
                      You must have a trading journal and evaluation at all times, using a trading account is not just talking about whatever profit you get. But you also have to have principles that do not use the account you are trading. When you're live account for 1-2 months doesn't last or experiences a loss, this is what you need to fix.
                      You must have a maintain and grow mindset for at least 2 years on a small drawdown value, if you are still expecting a profit in a short time. Your demo account will suffer a loss. So in conclusion, to be able to make a live account and a demo account that is always profitable, you must understand
                      • Technical pay attention to other people's signals
                      • Have a trade journal
                      • Have a set principle and forget
                      • Save your account for at least 2 years

                      I am sure, all traders make account changes in less than one year. You can be sure that the trading method is not correct, profit in a short time is the same as putting a big risk on your account. Very not recommended!!!

                      So, it's not about using a demo or live account, it's about your rules and how you can keep your account safe and growing.

                      Comment

                      Advanced mode
                      • #12 Collapse

                        Originally posted by johese View Post
                        How can we trade our live Account and get same results obtained during demo trading?
                        Traders usually have a tendency to practice with a very high balance in the demo account,the truth of the matter is that it will not be possible for you to open a real account with 5000 dollars,if that is the case then it is better for you to practice with a smaller value because that is what you can afford in real account trading.I think most people will agree that there is a huge difference between trading on a demo account and on a real account and most of it comes from the fact that in demo account you have elements that don’t really exist in the real account and they are:Make sure that when trading your demo account, they have the same amount that your live account do. If they have same amount and you can grow your demo account to a reasonable extent, then it would not be so difficult to replicate same feat on your live account. However, it is important that there will be a mindset adjustment to take the money in do demo account to be real.It is actually not an easy feat to achieve same result from trades on the demo account on the live account because there would be emotions of the trader, greed, fear and anxiety when trading the live account. If all these can be sorted out amd with all things being equal, the trade results from the demo account can be replicated on the live account.

                        Comment

                        Advanced mode
                        • #13 Collapse

                          How can we trade our live account and get the same results obtained during demo trading?
                          When it comes to forex market we should understand the difference between the demo trading account and real or live trading account. The demo carries no emotional feelings when it is traded but while the live account trading carries a lot of emotional trading and this is because we are dealing with some kind of real money when it comes to forex. In order for us to start earning the same amount of results that we are earning when it comes to real accounts then we must be willing to possess the same kind of mindset that we possess when we are dealing with the demo accounts. Also, we should make sure that everything termed emotional is removed of the trading actives which is the key to making it in the field of forex market.

                          Steps to take if you want to get the same results in your real account
                          Use good risk management: Most times when we are trading on the demo accounts we are always handling the risk so well that when we loss then we close out the trades but when it comes to really accounts we would allow the losses to keep on running which most times would lead to huge losses and even blowing out our trading accounts at the end of the day.

                          Apply control of emotions: We should do everything possible to make sure that we removed the emotions which are most times attached to trading real account from our trading activities. When you allow the emotions to be part of your trading activities then you shall never be stable and it leads to unstable results too, but whenever you have total control over your emotions then you would make good trading decision at all times.


                          Discipline: Discipline is very important when it comes to real account trading and most times we have seen that most newbie would be disciplined when they are trading in the demo account and when they switched to real trading accounts then they would start making all kinds of indiscipline trading decisions which most times would lead to a lot of losses at the end of the day.
                          Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
                          If you do not take control of your risks then you lose control of your trades

                          Comment

                          Advanced mode
                          • #14 Collapse

                            How to become successful in the live market

                            Yes, mate it's very possible, in the live account it's even possible to be more successful than when you trade in the demo account. yes, the demo account and the live account technically have no differences, but if you are the type of trader that takes demo trading very seriously and was successful in it, you can also achieve the same or more success in the live market if your mentality didn't change.

                            The major factor that usually changes for traders after the demo is the psychology, a traders who are never afraid to take a trade in the demo account then become so afraid to open a trade as they have something to lose. And this usually affects a trader's success in the live market.

                            Yes I know sometimes it's very difficult to trade the same way as in a demo account, but, it's the best way to be successful.

                            how do you trade safe in the live market by having the same demo mentality?

                            • Make sure every position you open is well protected with stop loss.

                            • Manage your risk well, don't risk more than you can afford to lose.

                            • Stick to the same trading strategy plan that brought you success in the demo account.

                            • Demystify your trading goals and make sure it's realistic.

                            • Keep learning, regardless of your trading success or failure.

                            If you can do all the above you can even be more successful than your imagination.

                            Note demo trading is just a beginning level, and it's never a Signal to your destination.

                            Comment

                            Advanced mode
                            • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                            • #15 Collapse

                              Demo trading does have some benefits, as it gives new traders a general idea of how the market and a company's software works. So, can you trade a demo account in a certain way to make it more realistic? While a demo account can never offer the same results that would be realized in live trading, there are several things you can do when testing out systems on a demo platform to make the results as realistic as possible

                              If a bid or offer is placed, and you can see that the bid or offer was within one tick or one cent of the low or high of that move, assume that your order was not filled. The demo may show this order was filled, but in the actual market, this may not happen. Remove the profits or losses from these trades from the net profit/loss shown on the simulator—as if the trade never existed. Only assume bids or offers are filled if price trades through the bid or offer by at least a cent more. For thinly traded stocks or low-volume stocks this buffer should be expanded.

                              Comment

                              Advanced mode

                              Online

                              Loading...
                              X