Demo account with real account experience

Discussion in 'Forex' started by shriekpurser, Nov 11, 2020.

  1. FahadMd

    FahadMd

    as a beginner trader it is really difficult to make sure discipline while trading in demo account.
     
    #21     Feb 4, 2022
  2. yes difficult but not impossible. depends on your trading effort.
     
    #22     Feb 10, 2022
  3. If you want real account experience with minimal risks, I would suggest you cent account. You still get to experiences trading with real money but at lower initial capital investment and lot size so it benefits more for learning than earning.
     
    #23     Feb 10, 2022
  4. That’s right, traders have an option to trade a micro account where they can trade micro-lots, i.e., 1000 units. But, I’d still suggest that traders should spend time on a demo account before risking real money, even if it is a few 100 dollars.
     
    #24     Feb 11, 2022
  5. Esha.J

    Esha.J

    Demo accounts can offer some benefits to new traders as they allow traders to become familiar with trading software and understand how the market works.
     
    #25     Feb 11, 2022
  6. kroxobor

    kroxobor

    Have a look at Tickmill or Hotforex both are regulated by FCA and according to my experience, spreads during the time of highest liquidity (middle of London session) stay almost all the time at 0 on major pairs like EURUSD and GBPUSD
     
    #26     Feb 11, 2022
  7. Phalange

    Phalange

    Both demo and real accounts are two different things, and you can’t get a real account experience from a demo account because the latter uses virtual money. However, if you consider virtual money as real and trade with all the skills and strategies you have, then you will get real account experience. At the same time, you will gain valuable experience to trade a live account with confidence.
     
    #27     Feb 14, 2022
  8. FahadMd

    FahadMd

    in demo i use all exotic pairs which really supportive to increase trading performance.
     
    #28     Feb 16, 2022
  9. Esha.J

    Esha.J

    In a demo account, there is no real money associated, but in a live trading account, profits and losses are real. Therefore, you must be confident enough to plan properly for all market conditions. It is good to practice demo trading before entering real trading.
     
    #29     Feb 17, 2022
  10. Demo account not involved emotion during trades, treat fake money really different tension compared use real money, it is possible working in demo account getting good trades but when already jump to real account facing hurdles
     
    #30     Feb 17, 2022