Demo account or Micro ?

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

  1. 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.
     
    #251     Aug 9, 2022
  2. 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.
     
    #252     Aug 10, 2022
  3. 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.
     
    #253     Aug 11, 2022
  4. this is not easy to stay in demo for a long time , need a perfect patience which is really rare to found.
     
    #254     Aug 14, 2022
  5. perfectly said. agree
     
    #255     Aug 14, 2022
  6. kroxobor

    kroxobor

    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
     
    #256     Aug 16, 2022
  7. Faye_568

    Faye_568

    For newbies without any trading experience, I suggest trading with a demo account because it has no real risk or money involved in it.
     
    #257     Aug 18, 2022
  8. demo is good, no doubt but the main problem is we the traders cant focus on there , because there is no real money.
     
    #258     Aug 18, 2022
  9. Micki20

    Micki20

    I would say practice on demo account till you feel confident and then start with micro account. Also depends on trader and his/her knowledge and experience.
     
    #259     Aug 19, 2022
  10. yes it depends on own knowledge and we choose this platform according to our own management.
     
    #260     Sep 5, 2022