I started with a Micro, but it didn’t work out well for me. So, I practised on a demo account for a while. Hence, I think it would be better if traders trade on a demo account first and then on a micro account.
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Demo account or Micro ?
- Thread starter Ahmed Solaiman
- Start date
Hope you shifted to a demo at the right time. Demo is an extensive way of learning and practising trading without losing any real money.I started with a Micro, but it didn’t work out well for me. So, I practised on a demo account for a while. Hence, I think it would be better if traders trade on a demo account first and then on a micro account.
Start with a demo account and utilise it to build trading skills and get acquainted with the forex market. Use a micro account when you earn consistently on a demo account and feel prepared to take a risk.
this is not easy to stay in demo for a long time , need a perfect patience which is really rare to found.
perfectly said. agreeDemo trading is a must as it allows traders to learn and practice trading under live market situations without involving their hard earned money. One should remember a diver first learns to swim in a pool and then dives in the ocean.
I would prefer to trade on micro account because the chance is higher that trading conditions will be similar to live account so you can get a rough impression how your system will perform on live account (especially in terms of transaction costs like slippage) paying relatively low fee for that
demo is good, no doubt but the main problem is we the traders cant focus on there , because there is no real money.
yes it depends on own knowledge and we choose this platform according to our own management.