Jump to content

Demo to Live Account - Differences


Guest CNS

Recommended Posts

Hello all,

I've been practicing and learning on the demo account side of IG's platforms and seem to have a solid working strategy that I'm happy with. 

My question is - Is there and wild differences on the 'live' account anything that I need to be aware of, or will the live platform operate in the same way as the demo account. Apart from the obvious that my capital is live, I'm meaning in the fundamental operation of using the account. 

 

For instance I've been using the spread betting side of the system and understand how to open positions, close and using stop & limit levels and happy with my results, when I transfer to the live platform I'm going to open a few positions as and when I feel necessary. I'm just wondering if there is anything which will appear different or if I will be met with any fundamental operating process' - I've read a post on this forum which stated a user was buying shares and they were immediately being sold...

 

Hope any information can alleviate my concerns - thank you for the contributions in advance and keep up the brilliant advice as part of these forums - there's plenty of information hidden in some of the forum links. 

 

Chris

Link to comment

Hi @CNS, the definitive answer is yes and no. Demo is a useful tool for learning the platform, the operation of deal and order tickets and the general mechanics of the thing. Demo is also useful for trialing strategies to get a basic feel as to how they may workout live but there are some differences.

The demo and live feeds are different though not hugely so but on live you will suffer slippage and partial fills during times of increased volatility. As you mention there is a huge psychological difference when going live and a string of losers will shake confidence in any strategy and the  temptation to tinker can be irresistible. Make sure you keep a record of all your trades to give an overall view of how well a strategy and yourself are doing.

Always start out live with the smallest bet size allowed with a view to build up as confidence grows, most do it the other way round. They start out on max bet size and when things start to wobble and the account decreases they belatedly start decreasing bet size to save the account while confidence in themselves and the strategy crumble. They are then left with no account, no strategy and no confidence and that is the story of the majority who take up trading.

So think long term and think to start small with a view to build up. The number one priority to protect your account, making a profit is only number two. 

Link to comment
1 hour ago, Caseynotes said:

Hi @CNS he demo and live feeds are different though not hugely so but on live you will suffer slippage and partial fills during times of increased volatility.

I am curious, is this because it is far too complex to simulate real market conditions on a demo account? As in you cannot simulate how many shares are actually available at the price you ordered.

Also, are you able to cancel the remainder of your order and keep what you've managed to 'catch' if it takes far longer to fully execute than expected? Like a few days where you would pay a commission per day. 

Link to comment

Hi @Ninja,  in a way yes, the live market is too complex to simulate in real time. Demo platforms were developed as test beds for technicians to test and develope new systems for the improvement live platforms and that remains their primary function. Their use as a practice platform for clients is a secondary consideration.

For partial fills there will be a check box to determine the course of action if only partially filled, it will be either accept partial fill or cancel order.

 

Link to comment
  • 2 months later...

@Caseynotes firstly thank you for the response. I didn't even realise that you had responded as I didn't get a notification. 

Thank you for your sound advice and I agree with the advice that profit is secondary. 

 

Thank you for your response. 

 

Chris 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • KOSPI Composite Elliott Wave Analysis KOSPI Composite Elliott Wave Technical Analysis - Daily Chart Function: Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: Gray wave 2 appears completed. Now gray wave 3 of 3 is in play. Wave Cancel Invalid Level: 2636.93 The KOSPI Composite Elliott Wave analysis on the daily chart offers a detailed view of the market's trend and potential future movements based on Elliott Wave theory. This analysis identifies the primary function as a trend, indicating a directional market movement. The trend is described as impulsive, which in Elliott Wave terminology signifies a strong and dominant market movement in the direction of the primary trend. This impulsive nature is shown in the wave structure, identified as gray wave 3. Gray wave 3 is part of a larger sequence, crucial for understanding overall market momentum. Currently, the market is positioned in orange wave 3, within the larger gray wave 3 sequence. The third wave in Elliott Wave theory is often the most powerful and extended, suggesting significant market activity and price movement. The next lower degrees direction focuses on the development of gray wave 4. This implies that once gray wave 3 is completed, the market will transition into a corrective phase characterized by gray wave 4. This wave typically interrupts the impulsive trend temporarily before the market resumes its primary direction. Detailed observations indicate that gray wave 2 seems completed. The completion of gray wave 2 suggests the market has finished a corrective phase and has now transitioned into gray wave 3 of 3. This phase is significant because wave 3 of 3 often involves the strongest price movements within the impulsive sequence, indicating robust market momentum. An essential aspect of this analysis is the wave cancel invalid level, set at 2636.93. This level is a key threshold for validating the current wave count. If the market price exceeds this level, it would invalidate the existing wave structure, necessitating a reassessment of the Elliott Wave count and potentially altering the market outlook. Summary: The KOSPI Composite daily chart analysis indicates an impulsive trend within gray wave 3, currently positioned at orange wave 3. It suggests the completion of gray wave 2, with gray wave 3 of 3 now in play. The wave cancel invalid level at 2636.93 is critical for validating the current wave structure and guiding future market expectations.   KOSPI Composite Elliott Wave Technical Analysis - Weekly Chart Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 4 Details: Orange wave 2 appears completed. Now orange wave 3 of 3 is in play. Wave Cancel Invalid Level: 2551.31 The KOSPI Composite Elliott Wave analysis on the weekly chart offers a detailed perspective on the long-term market trend using Elliott Wave theory. This analysis identifies the primary function as a trend, indicating a directional market movement. The trend is described as impulsive, which in Elliott Wave terminology signifies a strong, dominant movement aligned with the primary market momentum. The structure of the market movement is identified as orange wave 3, suggesting the market is currently in the third wave of this sequence. In Elliott Wave theory, the third wave is often the most powerful and extended, indicating significant market activity and price progression. The current position within this structure is navy blue wave 3, implying that the market is advancing within a larger, overarching navy blue wave sequence. This signifies continued strong movement in the market. The analysis indicates that the market is expected to transition into orange wave 4 after completing the current wave. Orange wave 4 represents a corrective phase typically following the completion of an impulsive wave. This phase is essential for consolidating gains before potentially resuming the primary trend. Detailed observations highlight that orange wave 2 appears completed, suggesting the market has finished its corrective phase and is now transitioning into orange wave 3 of 3. This phase is crucial as wave 3 of 3 is generally associated with the strongest and most dynamic movements within the wave sequence, indicating robust market momentum. A critical aspect of this analysis is the wave cancel invalid level, set at 2551.31. This level acts as a threshold for validating the current wave count. If the market price exceeds this level, it would invalidate the existing wave structure, necessitating a reassessment of the Elliott Wave count and potentially altering the market outlook. Summary: The KOSPI Composite weekly chart analysis identifies an impulsive trend within orange wave 3, currently positioned at navy blue wave 3. The completion of orange wave 2 signals the beginning of orange wave 3 of 3. The wave cancel invalid level at 2551.31 is crucial for validating the current wave structure and guiding future market expectations.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • Alpha Trade Becomes a New Power in Asia Asia, as one of the fastest growing regions in the world, has a lot of potential and prospects. The recent development speed of Southeast Asia and Central Asia is obvious to all. With the gradual transformation of the global industrial structure, we can expect that the development in the Asian region will be even more rapid in the future. The financial demand brought about by economic development is also visible to our naked eyes. As one of our key layout priorities, Alpha Trade is ready to lay a solid foundation for expanding into the Asian market and serving financial institutions and customers with demand in the region. As a leading global financial derivatives provider, under the leadership of founders who have been deeply involved in the industry for 55 years, Alpha Trade mainly services broker-dealers, sovereign wealth funds, hedge funds, ultra-high net worth family offices, and professional/wholesale clients providing them with access to a huge array of financial derivatives that they need. At the same time, we can also provide customized liquidity services for our clients. This year, we will continue to promote our high-quality business in various regions of the region, which will enable more customers to feel the unique advantages of Alpha Trade and its profound technical heritage. You can pay attention to our official account and our updated consulting trends.
    • EURUSD Elliott Wave Analysis Trading Lounge Day Chart Euro/U.S. Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Next Lower Degree Direction: Orange wave 3 (continue) Details: Orange wave 2 appears complete at 1.08536. Now, orange wave 3 of 3 is in play. Wave cancellation invalid level: 1.08536. The EURUSD Elliott Wave analysis on the daily chart provides a detailed examination of the current market trend and projected movements based on Elliott Wave theory. This analysis identifies and interprets the prevailing market trend as impulsive, indicating strong and directional movement aligned with the primary trend. The market structure is categorized as orange wave 3 within this analysis. This wave is part of a larger sequence, crucial for understanding the market’s progression. The current position is navy blue wave 3, suggesting the market is in the third wave of the larger orange wave 3 sequence. This indicates a continuation of the strong upward or downward movement characteristic of wave 3 in Elliott Wave theory. The direction for the next lower degrees focuses on the continuation of orange wave 3. This implies that the market is expected to maintain its impulsive movement within this wave, potentially leading to significant price shifts as the wave develops further. Detailed observations highlight that orange wave 2 has been completed at 1.08536. With the completion of orange wave 2, the market has transitioned into orange wave 3 of 3. This phase is significant as wave 3 of 3 is typically marked by strong and rapid price movements, aligning with the impulsive nature of the trend. A crucial aspect of this analysis is the wave cancellation invalid level, also set at 1.08536. This level acts as a key threshold for validating the current wave count. If the market price moves beyond this level, it would invalidate the existing wave structure, necessitating a reassessment of the Elliott Wave count and potentially altering the market outlook. Summary: Trend: Impulsive within orange wave 3. Position: Navy blue wave 3. Next Move: Continuation of orange wave 3 of 3. Key Level: 1.08536 to validate the current wave count.   EURUSD Elliott Wave Analysis Trading Lounge 4-Hour Chart Euro/U.S. Dollar (EURUSD) 4-Hour Chart EURUSD Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Gray wave 2 Position: Orange wave 3 Next Lower Degree Direction: Gray wave 3 Details: Gray wave 2 remains active as a flat. After gray wave 2, gray wave 3 of 3 is expected to begin. Wave cancellation invalid level: 1.08536. The EURUSD Elliott Wave analysis on the 4-hour chart offers insights into the market's current trend and potential future movements based on Elliott Wave theory. This analysis identifies the trend as corrective, indicating the market is consolidating or adjusting against the larger trend. The market structure is identified as gray wave 2, part of a larger wave sequence. The current position is orange wave 3, suggesting the market is developing the third wave of the sequence. The next lower degrees' direction centers on gray wave 3. This indicates that once gray wave 2 completes, gray wave 3 will commence, potentially accelerating market movement in the impulsive phase. Detailed observations indicate that gray wave 2 is still active and characterized by a flat pattern. This flat pattern signifies a sideways movement within the corrective phase, typical of wave 2 in Elliott Wave theory. The continuation of gray wave 2 suggests the market remains in a consolidation phase and has not resumed its primary trend direction. A critical aspect of this analysis is the wave cancellation invalid level, set at 1.08536. This level is a key threshold for validating the current wave count. If the market price surpasses this level, it would invalidate the existing wave structure, necessitating a reevaluation of the Elliott Wave count and potentially altering the market outlook. Summary: Trend: Corrective within gray wave 2. Position: Orange wave 3. Next Move: Continuation of gray wave 2 in a flat pattern, followed by gray wave 3 of 3. Key Level: 1.08536 to validate current wave count.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us