Slippage and transaction costs will become apparent on live trading, especially when scalping 1-3 pips. These can eat up on the performance results compared to a demo performance. Just anticipate this when going live.
everything in a world has an compromise 😉 you can try a mini accounts, you will trade on a live account which gives the feeling of a real trade but small amount of it doesn't give you a chance to loose much. 😎 i think is is the best way for newbies to learn
I am very much concerned about trading as such. Of course, due to risk exposure we need some time to try and experiment the market. Therefore, I am 100% sure that though there's no adrenaline on trading with DEMO, yet, it's extremely useful to start and spend quite some time on a DEMO account.
Maybe someone has mentioned this before in the thread - I am too lazy to go back and check. I have a real and demo. Let's take U/J for example. On the demo it has a spread figure of +/-1.8 on my live account 24. Needless to say then, It will perform wonders on demo, but will it give me even half of that performance on real?
The demo account is a great tool to learn the inns and outs in a trading platform, there lies the true value of a demo account and testing different strategies before going live is another one. 'fxgouveia' there is some adrenaline build up even in a demo account but of course compared to a live account its minimal. How about lets say 10% adrenaline build up compared to a live account, sound like a good round number :).
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.