Demo account or Micro ?

[bublu]

instead of demo account i prefer micro account . ths supportive to ensure a live trading experience.

MIcro can also be a good pick to test those processes what we actually can't test on the demo account like the withdrawal etc.

 

[Cubation]

Beginning with a demo account is more reasonable because you need to have some trading skills before actually starting live trading. Once you’ve gained skills and understood how the market works, a micro trading account is a good place to start live trading.

 

[buckram]

Trading without skills will only lead to losses. Micro accounts can be a good start because it will help you understand the market better as you take small risks. But why to directly go with it if you can save money (whether it is $5 or $100)? Demo accounts thus seem to benefit. Start with them and spend time there to develop skills and strategies. And move to a micro trading account after you have attained some technical skills.

 

[Henry520]

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Beginning with a demo account is more reasonable because you need to have some trading skills before actually starting live trading. Once you’ve gained skills and understood how the market works, a micro trading account is a good place to start live trading.

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.

 

[Gnomonn]

For newbies without any trading experience, I suggest trading with a demo account because it has no real risk or capital involved in it.

For beginners looking for live experience, the micro account is a good choice because the risk and invested money in the trade are lower and easily recoverable.

Starting off with a demo account and then switching to a micro account before going live with a huge amount is the right way of getting familiar with the trading platform and developing right trading psychology.

 

[bublu]

I also suggest we can start with a demo and then after learning proper skills move to a micro account to further test our skills plus broker with small funds before going into live trading with huge sum of money.

 

[joliemulliga]

All traders should begin with a demo account because directly starting with a live trading account can be risky if you have no trading skills.

 

[Volable]

Starting off with a demo account and then switching to a micro account before going live with a huge amount is the right way of getting familiar with the trading platform and developing right trading psychology.

That’s the right way to do it! Nobody starts making money on the first day one. Use a demo account until you build some skills.

 

[bublu]

At least a demo can be traded for a minimum of six month before jumping to the live trading in my opinion.

 

[Virtuosoer]

Demo accounts are for building technical trading skills. So in case you lack skills, you should begin trading with demo accounts. You can switch to a micro account later. It is for traders who have some skills and are ready to take small risks.