Trading demo accounts.

[sahcivan]

So I've been reading up and trying to learn a bit about trading commodities mainly gold online.

I'm not experienced enough to risk my own money yet so have signed up to a demo account to practice trading.

The demo account gives you 10k to start with. A week later I'm up over 100k

They say the demo accounts follow the markets but the only difference being its pretend money.

I can't help but think there something not right. It seems to easy to be making 90k a week hahaha.

Do these really give a true represent of the trading markets. Or do they entice you in on the demo accounts to put real money in and loose it

Does anybody use plus500

[77T]

All you have to do is use a calculator to see if the demo account is showing accurate values. If you export your demo account report to a spreadsheet you can also double check it.

[beer]

AFAIK it works exactly the same as a regular account (the ones i have used do anyway)

it is just psychological

if you could hypnotize yourself into thinking an account with $10k of your own money in it was a demo account you would trade much better (or at least more logically) with it!

actually i might be onto something here

[denmanproject]

Trading is much different with risk, also gold was quite bullish this week

[glenn_herwig]

Be careful with leverage. I try to keep it under 1% on my demo :) Also my rule is never risk more than 10% of the balance on a single trade. You want to be able to average out of a trade if it goes sideways or away from you. Follow the trend. That's my advice I don't know everything.

[Dcdfinance]

Gold and the 30 year Treasury bonds move in sync with eachother. The difference is Gold is $10.00 per tick whereas the 30 year is $31.25 per tick. I trade everyday and I find pullbacks work very well along with retest failures on both the bond and Gold.

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[George Burdell]

Do yourself a favor and check out the podcast Trend Following with Michael Covel before you start trading. It will change the way you think about futures markets. If you want a place to start, check out the interviews with either Tom Basso or Jerry Parker. Good luck!