To get the most out of your demo account and make it as realistic as possible, you should try to simulate the same conditions as you would have in a real account. Here are some tips to help you achieve this: Use the Same Platform: Make sure you use the same trading platform for your demo account as you would for your real account. Trade with the Same Account Size: Set your demo account to the same account size as your real account to make it more realistic. Use the Same Leverage: Set your demo account to the same leverage and deposit size as your real account to simulate the same risk exposure and equity constraints.
the demo is really supportive to acquire all basic knowledge and experience but in practically we don't believe the importance of this trading place aT ALL.
Hi I’m facing the same issues. Two forex brokers that I can think of are FXCM and Prime Codex, both of those brokers closely replicate real trading. However, I think even though a demo account can closely replicate a real trading environment, there will always be some differences between the two.
demo is important really , but there is no real money on there . so we traders cant focus here successfully.
But we can test different and unknown trading strategies and indicators on such an account for free and without risk and see the quality of their work before risking our real money. So, I think such accounts are useful for beginners.
Testing real account without any risk is possible only if you won some promo like HFM's demo contest or took no-deposit bonus from a broker but of course without trading enough lots you won't be able to withdraw. There are not so much opportunities to do that lol
Demo contests maybe a good thing to make money in the form of prizes if you know what you are actually doing else you can't even trade a demo account.