shaunmarsh posted:
If demo account environment is similar to live one like I found with exness and fxview then they are only good.
Aren’t the spreads in fxview’s demo always 0? In live ecn they are not fixed at 0
A demo account is a must-have for learning to trade. It is needed to get the first trading experience, to get acquainted with trading instruments. It also has the ability to test new systems or trading methods without loss.
Dec 17 2020 at 12:36
Markwoods posted:shaunmarsh posted:
If demo account environment is similar to live one like I found with exness and fxview then they are only good.
Aren’t the spreads in fxview’s demo always 0? In live ecn they are not fixed at 0
That was not the case when I was trading on their demo account. And with live account of fxview the spreads are always low. I have other accounts also and on comparison I have come to this conclusion.
Dec 17 2020 at 17:36
Demo can help you to know about platform and trading. You can avoid simple mistake from demo practice. However, to become well experienced, you need live trading.
Dec 18 2020 at 17:32
joeyallen posted:
I have a few demo accounts with my broker, a demo account for me is essential, this is my first rule of thumb, before I place any trades, once I get a signal from either my daily chart or 4hr, I open a small position on my demo account first to test if I am wright or wrong, I watch the market if the test makes money I place my trades, that is how I use a demo account. I am a position trader always looking for medium trends. 😎
Right decision. On the other hand, demo account helps you to test brokers’ quality.
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