I always backtest my strategies before applying them on a live account. But sometimes, I am not able to apply them because I get anxious and scared of losing. I guess both trading accounts are beneficial in their own ways.
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Demo account or Micro ?
- Thread starter Ahmed Solaiman
- Start date
right now i am trading in micro account where using all trading strategies to see the performance how it works.
this is really good to trade in a micro account because there is money, so trades become more conscious when trading practically.
Both demo and micro are important and should not be skipped by new traders. Traders must know how much time they need to stay on one particular platform and this can be done by journaling one’s trading progress.
As a beginner, you should trade on a demo account to create and develop your trading strategy that complies with your trading style. You can also trade on micro account to get a real feel of the real trading environment and acquire right trading psychology.
Totally agree you need to mix both demo and micro account, if you trade only on demo you will not get the same feeling as on live.As a beginner, you should trade on a demo account to create and develop your trading strategy that complies with your trading style. You can also trade on micro account to get a real feel of the real trading environment and acquire right trading psychology.
Both will be good, because demo can come in handy when you need to try out some new strategy.Either one, they are both going to show whether you are profitable or not.
Yea! Agreed, trading live and trading on a demo are two entirely different things both with respect to the experience and profits/loss.Totally agree you need to mix both demo and micro account, if you trade only on demo you will not get the same feeling as on live.