Demo account or Micro ?

[Leob]

Demo account until tie your shoes and trading
are same for you regarding complexity.
Demo account until you became moneky of your system.
No system no live trading.

 

[seriousraspy]

be

beginners always try to ignore the demo account , this is very common , for that reason i think to practice in a micro is more appropriate.

I agree. When I started my way in crypto - all my courses were done at a demo account.

 

[Peace11]

beginners always trade in a demo account for acquiring basic knowledge and experience but in practically they trade at random and got nothing ultimately. for that reason i think micro account is more appropriate for beginners as practice. whats your opinion ?

Demo before micro, in fact after a while you can do both at same time.

 

[Louis Peter]

The demo account can be used by beginners or newbies that do not have any experience in forex trading, and the demo account can be a useful tool to learn forex..

The micro account can be used for beginner traders looking for live trading experience because in the micro account the risk and value involved in it are lower.

 

[Svetlana Loboda]

as a beginner i love doing demo and besides this i trade micro to make sure a live trading experience.

 

[pixel]

When I started, I used demo first because I wasn't so sure of depositing some funds to start live trading, with in the fear of knowing that I might make the losses.

 

[Peace11]

beginners always trade in a demo account for acquiring basic knowledge and experience but in practically they trade at random and got nothing ultimately. for that reason i think micro account is more appropriate for beginners as practice. whats your opinion ?

There should be a process, you can't skip one step and expect to get same result as when you follow due process. Demo is vital and should be taken seriously, you can learn there for while, master a plan that can work for you and start with a micro account. Though it might not be totally the same, but you get that closure from it.

 

[kroxobor]

really its a complicated question to answer , i feel micro account can make beginners greedy at the first stage.

The rule of thumb is to spend 1-2 weeks on demo to avoid dumb mistakes (related to correct platform usage) and then move to live account with small deposit. You have to gradually get accustomed to your emotional response to loss or gain because for an unexperienced person his reaction to loss or profit often becomes a trigger for mistakes in trading

 

[StuartWoolridge]

Demo is the basis of acquiring practical knowledge about forex. Just like how you test the water before diving in, you need to practise on a demo account to understand the mechanism of the trading platform and know the nature of the market.

 

[Thalposis]

The trading psychology differs while trading on a demo account and a live account as the money used in a live account is real. One can prefer starting with a micro account after s/he is confident of trading live.