Importance of Demo Account/virtual account in Forex

[gaban]

Basically forex trading is very simple, just the buying and selling of different currencies, but to be able to get the results of these activities a trader require a strategy that can minimize the risk of forex trading which is quite high. For beginners traders, it is recommended to use a demo account as a means of finding and training a trading strategy before using a real account.

 

Yeah, we just have to make practice regularly so that we can better understand the forex market so that we can make an analysis that could make us get maximum results when trading. Demo account is the best step to start trading in forex to understand about this business

[hyiptrusted]

demo account is best for newbie traders so that they can practice then trade with their real money

[adnan007]

Demo accounts plays a very important role for the newbie traders to help them get used to the trading conditions available at this market. It is considered as a good and safe practice to Demo trade first before investing real money as demo trading can help you learn the basics which will be useful to avoid losses when starting to trade with real money.

[pacifist]

Forex demo account is the best way to learn about forex for newbies. Not only for newbies it is also needed to get high experience for successful trader. Demo account gives real experience of trading to the newbies so that newbies can learn about forex better.

[gaban]

Demo account is very useful for us because we can understand the workings of the platform we are going to trade live money with. We will also get other benefits of demo account, Studying and learning the behavior of the many indicators available and how changing the settings can affect our trade setups. A demo account is one of the best tools a trader can have if he/she knows how to get the most out if the demo experience.

[humanhope]

For sure, demo account is first starting point before you entered to real account and there are a lot of things that you can learn in demo account before entering to real account. It's important to find out the most suitable style of trading for you because each trader has different style in trading.

[Samar]

Demo account is useful for forex beginners, because it provides basic knowledge of forex trading, such as beginners can learn on how to execute a forex trade & so on. Besides that, demo account can also be considered as a training platform for beginners before moving on to the real forex trading.

[gaban]

before we use real account, we learn better trading using a demo account first. With this account, we can learn much about trading. We can determine what is the appropriate strategy for our trading, indicators of what we use, and leverage what we wear. We can learn trading from here.

[RodWell]

Demo is not exactly real thing but it's good for practice. Demo trading accounts are really helpful especially for those traders who are new to trading. Learning through virtual money allows them the opportunity to get along with the trading conditions and learn forex technicalities without risking their real money at all.

[sakai]

Demo account is a best way to learn and test your strategies. And it is our first trial before we used real account, it can be used for testing our new strategy too. Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy.

[uncle gober]

Demo account is very recommended for beginners. Every broker also offer demo account for traders, include Armada Markets. We can use demo account to start trading in forex, know and understand forex markets and get trading experience that we can learn before trade using real account. We must utilize it well.

[gaban]

of course, is a very useful account DMEO trading blind study. But I think we also have to practice with a real account. Once we've got the ability to trade, there is no harm in us trying to open a real account. Maybe we could with minimal deposit to open the account. Suppose $ 1 we can open an account at instaforex.

[euro]

I would agree with you all that a demo is worth a try. It will save you lost of lost later on. You will get to practice like a real trade here so you will see how to set your stop loss or take profit or read charts and see how much you can actually make. This is how you can start to gain some real experiences. And I do not suggest that you trade a live account without trying a demo first. You can make some serious profits if you gain the right experiences iwth a demo account. 

[StevenBendre]

Trading with a small deposit is the safest thing, but the small deposit goes away quickly sometimes in a matter of few hours or minutes depending on the broker and the leverage. People have to understand that the Demo exists only to attract fresh and new investors eager to try their luck on the forex market. So is demo real or not. Some demos are more real and some are less. Again depends on the broker and how honest they are.

[HarryPotter]

About demo accounts, they become almost a necessity for the newbie traders who are looking to start off their trading career in Forex. Demo account gives us the facility to trade in the Forex market through virtual currencies and without risking our real money. Once the trader has developed all the necessary knowledge and skills, then he can witch to real account trading.

[Samar]

For sure the simulation via a demo account in forex important but when I tried it, I did not find a sense of greed, emotion, or any other ugly trait. But the advantage of the demo account is that we know how to trade in forex, and we can make the strategy here but may be difficult for beginners.

[sakai]

This is one of the most important features on forex trading, not only for the newbie, but for the professional trader as well. Trading with the demo account is a must first to test how good our strategy there is. In demo account, the traders can experiment any strategies they wanted with any lot size, amount of deposit. I always think first to try it in demo if will have good outcome or not so we can find the suitable strategy we can use in real account.

[ivan]

Demo account is usually what a new members in forex used. This is the way on how to learn trading without loosing anything and gaining anything. It's also important for the preparation for a live account. So before they might go for the live account, they should learn how to do it in demo account.

[StillAlive]

Select the leverage and the balance in the demo account similar to the actual amount you are going to invest in forex, So that you can access your progress. Demo account is a best way to learn and test your strategies. And it is our first trial before we used real account, it can be used for testing our new strategy too.

[sakai]

Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy. I think that demo account is a good way to test your broker terminal before you put your money.

[Samar]

If we need to find what combination of indicators to use to be successful in trading better apply them in demo trading for some time. I think that we should do this to be safe and not lose money. Better we try to choose a server that is rarely used by traders, such as that provided by several brokers.

[StevenBendre]

It will be useless to use strategy which is not working when we used it directly in real account. We will suffer some bucks for nothing. I think that demo account useful to test new indicator or trading system because trader can't use it directly in live account without know these indicator or trading system useful or not to help us in trading.

[HarryPotter]

Besides learning how to trade, we should make all the mistakes we can in demo trading so that we won't be able to make as much mistake or avoid mistake as much as possible. Demo account useful to test new indicator or trading system because trader can’t use it directly in live account without knows these indicators.

[standart]

brokers provide demo account because they are know that new traders can trade properly if they are not take practice. while if practice in live account will cost lots of money, brokers decide to make demo account to enabling traders practice without necessary to losing money.

[ivan]

But there was some people who really not want to used demo because of virtual money but we need to think first to learn. Demo account, it is one of the best way to seek knowledge and get free training of the forex training. I think if you get training from it and then enter in the real market then you can easily make your decision.