Jump to content

Newbie here: Are the charts in realtime for demo accounts?


Recommended Posts

I used a Demo account for a few weeks.  The data feeds, and hence the charts, seem to be the same as Live, i.e., perfectly real-time.

Just note, however, that the trading experience is not the same.  On Demo, every order goes through at the exact price you ask for, with no slippage.

Link to post
15 hours ago, Nalda said:

Thankyou so much. How is your trading going? Anymore hints to help this problem?

 

The Demo account is good to watch the way markets move, and to learn your way round the interface quickly and efficiently.  I tend to nurse and tweak my positions as the situation evolves rather than "fire-and-forget", so it's important I can make adjustments rapidly and accurately.

A strategy that is only slightly profitable in Demo might not be profitable in Live.  A strategy that loses in Demo will definitely lose in Live.  Slippage works both ways, of course: sometimes you close in profit at a more favourable level than you requested.  It just seems that overall Live is a bit harsher on you than Demo is.

The best way I found to learn was in Live, with minimal stakes.  IG give you 31 days of reduced minimums on a new account (or were doing a month ago).  Take advantage of it, provided of course that the amounts involved will not hurt much to lose.  It was not long enough for me, though!  I'm not consistent enough yet and my 31 days have run out, but fortunately the standard minimum stakes on the markets I trade are within my risk tolerance.

Link to post

That is a great reply. I am a scalper successful in demo BUT I only take about 20 pips or 30pips adjusted. Would that be enough for slippage? Apologies for not replying sooner. Just doing a 1:1 risk at moment. Trading mostly USD/JPY. 

Any other tips would be great. I just use 2 indicators and trading the 1minute chart

Link to post
4 hours ago, Nalda said:

That is a great reply. I am a scalper successful in demo BUT I only take about 20 pips or 30pips adjusted. Would that be enough for slippage? Apologies for not replying sooner. Just doing a 1:1 risk at moment. Trading mostly USD/JPY. 

Any other tips would be great. I just use 2 indicators and trading the 1minute chart

A lot depends on having a repeatable system that survives rigorous testing and when you apply it. Slippage often occurs on big news events and can hit 20 pips even on the relatively placid UJ so best to avoid routine news and wait to see which way next before looking for the next entry.

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      14,954
    • Total Posts
      72,655
    • Total Members
      60,967
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Mrdeadlift1990
    Joined 17/04/21 19:50
  • Posts

    • Govts and their agencies are blatantly lying to you again.   Fact: Vitamin D deficiency is what harms people of colour in respect to coronavirus.   Tested positive is very different to 'with covid'. Prof Norman Fenton @profnfenton  22h 3. In the period we looked at there were 43 positives from the pooled PCR testing, of which 36 were found to be false positives after a confirmatory tests.    
    • Thanks for the note.  The IG's instructions aren't much helpful https://www.ig.com/au/trading-strategies/what-is-autochartist-and-how-do-you-use-it-when-trading--190529 I did some research and found out that the plug in has to be downloaded from here https://www.autochartist.com/traders/? Configuration steps are mentioned here https://www.autochartist.com/metatrader-plugin/index_en.html
    • Absolutely brilliant interview with Dr Naomi Wolf, former advisor to the Clinton administration and life long Democrat. She is a genius and succinctly encapsulates exactly what is happening right now and what is the immediate future. This 50 min podcast, in my opinion, is the most important thing you will hear all year. If this doesn't make you wake up, open your eyes and stand up then you must be certifiably brain dead. Interviewed by Steve Bannon (yeah yeah old right winger blah blah poo poo etc etc) who doesn't get a word in edgewise anyway except to announce the 3 30 sec sponsored ads. (pub 14/04/21). Episode 874 – Not Science Fiction … Dr. Naomi Wolf Reveals Dangers of Vaccine Passports (w/ Dr. Naomi Wolf) - Steve Bannon's War Room: Pandemic
×
×
  • Create New...