there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Tradelist45 posted: there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant 'Micro account instead of Standard'
I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
The demo account is the best tool for beginners to learn about forex market trades. Most importantly, the demo version can help in the future when beginners began to work on real accounts and develop strategies.
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