Demo account or Micro ?

Discussion in 'Forex' started by Ahmed Solaiman, Jan 7, 2021.

  1. bublu

    bublu

    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.
     
    #161     Mar 10, 2022
  2. Cubation

    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.
     
    #162     Mar 11, 2022
  3. buckram

    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.
     
    #163     Mar 11, 2022
  4. be
    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.
     
    #164     Mar 14, 2022
  5. Gnomonn

    Gnomonn

    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.
     
    #165     Mar 15, 2022
  6. bublu

    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.
     
    #166     Mar 15, 2022
  7. 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.
     
    #167     Mar 16, 2022
  8. Volable

    Volable

    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.
     
    #168     Mar 16, 2022
  9. bublu

    bublu

    At least a demo can be traded for a minimum of six month before jumping to the live trading in my opinion.
     
    #169     Mar 17, 2022
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  10. 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.
     
    #170     Mar 28, 2022