that is 20 times my usual capital in live.......WTF should i start with a million usd? start with 5 usd
if i had demo account 30 years back,i would have saved a lot of time because i could make a hell of a lot more trades than on my actual money. demo is useless? it is like saying screw driver is useless....but the real issue is that you are trying to open a bolt
Demo account can be used to testing trading strategy or expert advisors, I see there are so many traders trying to convince people to use demo account, demo account becomes second place after backtesting use strategy tester. Yes, a screwdriver is useful when we want to open a bolt.
are you smarter than so many traders?...it is useful because you can overtrade and learn which trades are good........it is stupid to lose money which you can NEVER get back
An online demo account is an excellent way to learn the basics of forex trading, practice your skills before using real money, know whether you like trading in the forex market, and familiarize yourself with a trading platform.
I think demo is very useful in the beginning to help you practice and build a strategy. Once you have that though and it appears to be doing well that doesn't mean then go and slap 10k in an account and go live (unless you can lose that much). Start small and build as the psychological aspect of trading live aren't there on demo.
I consider demo trading one of the best and helpful ways to learn and practice forex trading before making live trades.
The demo account is good for learning practice without any risk, it will useful to implement any trading strategies before going to live account, there is a certain trader that share if he works in demo more than two years because don't want to lose money in a live account.
Demo forex trading is an advantage for traders because it can help beginners learn about forex trading and live trading. It is also suitable for experienced traders to practice new strategies and skills.