Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.
Directly beginning with live account can be risky.
Dec 22 2020 at 07:28
Demo trading can be used for learning new things even after trading on live account or after making profit. Trading on a demo account makes you familiar with the platform and helps in testing new strategies without risking the real money.
The more your practice, the more you learn.
I would recommend demo trading for beginners because, in demo trading, a trader can test all the strategies.
But would also suggest not overstaying on it for a longer period because the live trading experience is when you will know if the strategy created will turn into profits.
But would also suggest not overstaying on it for a longer period because the live trading experience is when you will know if the strategy created will turn into profits.
Dec 23 2020 at 19:41
Brel posted:
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.
Yes. I completely agree with you. A demo account is the best way to learn and practice forex trading.
Dec 24 2020 at 01:32
Demo trading is the first level of education. It is possible to gain a lot of knowledge by doing demo trading. As a trader, I first learned by doing demo trading.
If you do demo trading, it is possible to gain profit in live trading by creating a strategy. Demo trading is the first part of education. The role of demo trading is a lot to gain knowledge.
Dec 30 2020 at 09:27
Demo trading is an important concept as it allows traders to practice their trades and understand them before trading live. The demo accounts are also good for testing different strategies without having to risk any actual money.
Successful traders always take advantage of the opportunities that are presented in this plan before real trading, because these are opportunities to ascertain their abilities.
Indeed demo is the best way to start one's journey as a forex trader. Some people don't believe too much in it, but believe me when i say no one should risk their real funds before practicing for sometime on demo account.
Jan 02 at 08:42
According to me, the experience of trading on demo and live account is totally different.
