Demo account

[Smash Fun]

Demo Trading is the best way to learn about the structure of the Forex Market, after that you need to practice your skills with small investments.

 

[Faal]

sometimes demo account work to fail but honestly speaking this is the master place to become knowledgeable trader.

 

[Kazumu Fukunaga]

The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.

 

[Kevin Vogt]

Demo trading is important. By demo trading a newbie can get used to trading. Also in demo account we can test our strategy.

 

[Karley Walker]

Demo trading is an important part of education but I have to take this very seriously.

 

[Benjamin Bryne]

In my opinion, there is no other option to develop skills like a demo.

 

[Cooper Truebridge]

From my point of view, I think if I can do real trading, I can take education perfectly. Because emotion doesn't usually work in demo trading.

 

[Svetlana Loboda]

demo not works really , because there is no real money on there.

 

[eddiereich]

@gretARjan that is the reason we should brush up our skills with a demo account. It really helps to test out strategies and practice a lot with virtual money. If you look a few years back, these options were never there. How lucky we are to be able to practice before trading actual money and sink into debts.

 

[Nezami]

demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.

 

[Shallilack]

Demo account is something that really helps traders to understand whether trading activity suits them or not. Of course, novices should pay attention to demo account because the process of learning trading always implies practicing on demo, nevertheless sometimes there are situations when demo account can be very dangerous for the success of particular traders. So, I advice rookies to be very careful with demo accounts, because they can easily ingulf you and you will never be successful in trading activity. The opportunity to test, edit and create trading strategy and to make conclusions from your mistakes are the main ebefints of demo account actually.

 

[Benjamin Bryne]

I have to gain knowledge to be saved from loss. And an important part of creating this knowledge is the demo platform.

 

[javierhowell]

I was able to build a good enough trading strategy for myself only because of the time I spent demo trading on finpro trading. These accounts don’t just work for beginners but also for experienced traders who wish to test their strategies before risking their money with them.

 

[Eduardo Lucchese]

Extensive market knowledge is essential because it helps traders consider different market aspects while analyzing.

 

[Trang01]

The purpose of a demo account is to build and polish skills while also better understanding the market.

 

[zoe]

The purpose of a demo account is to build and polish skills while also better understanding the market.

Make sure to add real emotions to it while you practiced, very important.

 

[Steler11]

I have spent two to three months trading a demo account before operating a live account

 

[zoe]

I have spent two to three months trading a demo account before operating a live account

This is good, you can always go back to it. And make sure you start with a micro account, most brokers offer very low set up account, start with that. In my case I started with $55 using forexchief though they have a lower starters account, I did this to try them out and they have been really good with fair trading conditions.

 

[Loyiso]

When you are new to trading, a demo account is essential. I spent 9 months on a demo account to solidify my fundamentals.

 

[Steler11]

This is good, you can always go back to it. And make sure you start with a micro account, most brokers offer very low set up account, start with that. In my case I started with $55 using forexchief though they have a lower starters account, I did this to try them out and they have been really good with fair trading conditions.

Good to hear that buddy!