Exactly, especially with demo account. There we can get some good trading time without the fear of loosing money. Some may have something against it, but it certainly helps.
How do I trade Forex?
- Thread starter tradingacct1
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Exactly, especially with demo account. There we can get some good trading time without the fear of loosing money. Some may have something against it, but it certainly helps.
Actually demo account is good for early preparation, remember when me first time trading in real account which only practice in demo a week, but I am not start using big money and only using less than one hundred dollar and get margin call account only three day trading.
Exactly, if you need a first hand experience on the market without fear go with demo where can actually get some closure to trade with real account.
Demo account free from emotion pressure, for backtest strategy and system trading is good and free of risk, seriously practice in demo might help much later in real account
There is no disputing the fact that demo account is useful for newbies and old traders alike. Especially when brokers announce that there is a demo contest.
That's something to avoid.
These competitions are inevitably about profit-maximisation, in huge contrast to real trading, which is primarily about risk-management.
Two totally different and in fact diametrically opposed sets of criteria are therefore involved.
Contests are won by the players with the highest returns. You therefore need to reject any concept of "good trading" or a "good strategy", and throw most risk-management rules away.
For these and other reasons, demo contests tend to inculcate very bad habits and actively damage aspiring traders' chances of ever becoming successful.
Yeah, Demo account would be the best way to learn about the Forex as it doesn't includes the risk of losing money.
Yes indeed if any trader want to make real money then need start on real account, but I think better having preparation in demo account, learn start with certain capital that might later want to investing in real account, and let work on demo account if still often fail hence better still keep on demo account except they want to take the risk
And this days you get almost similar features to that of real trading account, the money is just the only difference I see.