Both demo accounts and micro accounts can be useful for traders, depending on their goals and needs. The former is a good option for new traders who are learning the ropes or for experienced traders who want to test out a new strategy, while a micro account is a good option for traders who want to learn to manage risk and trade with real money, but who want to start with smaller trade sizes.
Demo account or Micro ?
- Thread starter Ahmed Solaiman
- Start date
I understand your theory, but a whole year? Isn't that going to build bad habits and not force the creation of a good trading strategy?
Kinda, Darc.
It's all but a question of opinion and perspective. In my case demos helped a lot, but it might not work for the majority.
I am still using mine for the watchlists till this day tho.
No longer chasing the desire to be right, rather stay in peace.
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I remember years ago reading a very experienced full time Trader/Scalper said that he'd return to his Demo Trading account when he started having losses.
...why would that be important, ron?
that is really a tough question to answer in a proper way , but mostly i prefer micro for the beginners level , but its costly little
micro is really good but beginners sometimes trade in there at random . this is really disgusting.
according to me , demo as well micro account can be a good option as a best part of trading, it can be a little bit rksy and expensive but an effective way.