Demo account or Micro ?

[Ahmed Solaiman]

Practicing on demo account is the foundation of forex trading.

sometime it is more appropriate to trade in a cent account instead of demo. this could be more knowledgeable.

 

[radex78]

sometime it is more appropriate to trade in a cent account instead of demo. this could be more knowledgeable.

The real account always giving emotion pressure with expectation and real risk, cent account is for the beginner trader, they can start with low budget trading, even $10 trader can start using 0.01 micro lots

 

[PeterNguyen]

Cent account trading is quite different experience than demo account. When real money involve, new traders can make more mistakes than trading fake money.

 

[camera]

Both are good depending on what you want to do. You can use demo if you do not want to use the actual funds in trading. If you can and able to afford to lose some funds, then you can use micro to start

 

[radex78]

Both are good depending on what you want to do. You can use demo if you do not want to use the actual funds in trading. If you can and able to afford to lose some funds, then you can use micro to start

Just spent money that affords to lose, this is an important point to avoid bankruptcy when skill not yet supporting, but if skill trading already good, possible increasing profit thousands percent in forex trading, like as Emirhan Goren as winner FTC 2021 in an interview. he success increasing profit by more than 1000% a years competition.

 

[Coner1980]

At the beginning of your forex career, you must do some practice with a demo account. After some practice, you can start real trading.

 

[Ahmed Solaiman]

right now using demo where trade exotic pair to see the performance how it works.

 

[Sycophant]

It should be a demo account and a micro account because both are necessary for beginners to polish their trading skills. A new trader who hasn’t seen a trading platform in his/her life would never risk money trading a live account. He/she would prefer trading a demo account with virtual money. Then, he/she would trade a micro account, buying micro lots with less capital. Once a trader finds out the right trading and risk management strategies, he/she would switch to a standard trading account.

 

[JimmyChoo]

its a good description , thanks for your nice reply

 

[benten]

It should be a demo account and a micro account because both are necessary for beginners to polish their trading skills. A new trader who hasn’t seen a trading platform in his/her life would never risk money trading a live account. He/she would prefer trading a demo account with virtual money. Then, he/she would trade a micro account, buying micro lots with less capital. Once a trader finds out the right trading and risk management strategies, he/she would switch to a standard trading account.

Yeah, demo for basic understanding and micro account for learning how to control emotions while placing trades.