Being simulators, demo accounts can only prepare you for the common market conditions. But as the market is always moving, you may not really see the same market conditions when you go live. Once you are done with practically testing what you learnt from your course, book, or wherever you did your learning, keep some capital aside, losing what won’t hurt you.
When they say that you must do your trading step by step, they mean that you must leave no stone unturned that could become a stepping stone towards the success of your career. My demo account has proved to be a stepping stone in my career. I always check my strategies on my demo account to ensure that I am making the right moves.
the demo account performance not works at early stage , its a very common stage , but without demo the complete trading life will not fill up at all.
Using a demo account in Forex trading is an important step for beginner traders. It allows you to test the performance of different trading strategies, indicators and advisors for free and choose the best one for yourself. Only after that is it better to open a real account and trade on it systematically and reasonably according to certain rules and conditions, which will increase the chance of earning money on Forex.
A demo Forex account allows virtual trading without real money, mimicking live market conditions. However, in real trading, slippage can occur, causing execution prices to differ from those seen. While slippage is normal and often minor, it may ultimately benefit traders by enhancing savings over time.
A demo Forex account allows you to practice trading currencies without real financial risk. While it simulates live trading, keep in mind that slippage may occur in actual trades due to time lags. With a reliable ECN broker, slippage often works in your favor, potentially leading to savings over time.
Yes, trading on a demo account and a real account may differ due to slippage and order execution speed. Therefore, it is better to first open a small real account with a broker to see the quality of trading conditions and execution on it to make an informed decision whether to continue trading with this company. I did this when I tested the conditions of my current broker fxopen, which allows you to open a full-fledged ECN account starting from just $ 100. And only then I decided to increase my trading account, since I liked the trading conditions.
Could you please explain how positive slippage can happen? I don't understand situations when it happens