Importance of demo

fredfrazier said:
I believe that the demo has its important part to play that we can never neglect. Starting directly with a live account is really a bad move. And the psychology can be trained with time. Spending time on a demo account is better than losing money in a live account.
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I agree with you, demo trading helps in making aware of the market as well as of the platform which one will be going to use. When I started trading, I practised my strategies on fxview’s demo account for months before going live with them.
 
I think demo account is very important when you start as it allows you to understand how the platform works and get a feel of the broker's trading conditions.
 
I think I can’t agree completely with the op post. When I started live trading with pepperstone after 3 months on its demo it was like starting all over again. So I went back to practice but this time with a small account of $50 with coinexx. With real money real emotions kick in and you understand trading psychology. I would always recommend practicing on a micro account than on a demo account.
 
When we start trading, a demo account is a requirement. I still occasionally utilize a sample account, primarily for backtesting my trading strategies. It's a fantastic approach to study and test.
 
A demo account allows you to test different strategies before going live. It also helps you understand how the trading platform works.
 
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