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.
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.
beginners should trade demo and micro at the same time , this is the best way to develop trading experience.
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.
Traders must trade on micro accounts to develop their trading psychology and learn trading on actual forex trading envirnoment without risking much. But this doesn’t imply that demo accounts can be neglected. Both have their advantages.
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.
Yea! Agreed, trading live and trading on a demo are two entirely different things both with respect to the experience and profits/loss.