Demo trading
You don't have to worry over losing your money when you are demo trading. Your demo account does not demonstrate to you industry benchmarks to manage the appraisal fear. That is the reason you remain sentiments while in demo. Regardless, when you come to live trading from demo trading, you brings emotions (the fear of losing and covetousness all the more advantage) with you. That is the reason the result among demo and real account is not the same. I trade at Eurotrader. The broker provide very low spread, from 1:50 to 1:500 leverage, more than 100 trading instruments and many more services.
Yes, Forex is risky, but one has to find a way to avoid those risks by practicing more on a demo account. I was once using a demo account. Forexchief demo account is perfect. Then when I entered live account they gave me a welcome no deposit bonus of $100. I trade and made some profit. Also when I deposited funds, I got another $500 bonus. With this bonus I reduce the risk of using my money.
True, there is no worry on money losing in Demo, but that doesn’t mean demo trading is meaningless! Even, if you can utilize the demo trading opportunity properly , then I’m sure your live trading experience would be so smooth; so don’t be a careless person in you demo, try to learn deeply when you are practicing!
As you may have gathered, a Forex demo account enables traders to simulate a real trading environment - without putting any real money at risk. It enables traders to start free online trading relatively quickly so they can practice trading before risking real money.
I used my demo trading account more than 1 year; because I know the reality, there is no way to learn Forex within very short period of time! Forex is so much challenging profession, this is why I invested my 1st year on learning Forex trading techniques!
Previously I told many times about the significance of demo trading. Personally, I highly appreciate demo trading and I do it myself too to heighten my trading knowledge and skill. You can apply your strategies first on demo account to make a judgment over the strategy.
I can’t make you realize the significance of demo trading in a word. Even then if I want to say something in a word, I have to say that demo can make your basement prepared. When demo can make your basement prepared, is there anything remain for bearing out profit. It’s a NO.
I always tell people even if you have been trading for, it is still advisable to come back to demo especially when you want to try out some new strategies.
Demo trading is just the beginning of Forex trading activities. Without demo trading, it is impossible to calmly develop a trading strategy for further earnings on Forex.
Nice to know about your demo trading experience! I’m sure, you were so much serious on your demo, and this is the reason you are enjoying your live trading right now! By the way, how many months you used the demo for practice?Originally Posted by Patrik Ekström
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