Thread: Demo Trading is very important.

I would say that demo trading is very important when you want to start trade on Forex. As you know, on currency market we use leverage. There are different position sizes. The basic one is 1 lot. You can open position as big as couple lots (for example 5 lots), or position smaller than 1 lot – this will be micro lot or nano lot. If it sounds not familiar, then you must test it on demo account. Thing is, with leverage it is very easy to blew whole account in matters of few minutes.

In Forex trading the Forex trader should never be emotional since emotion great loss in a Forex trader’s life. If you trade emotionally you can never take your decision properly and practically which will cause the failure of your business. By trading with Forex4you broker I can trade properly and can control my emotions in trading because before start real trading I learn how to control my emotions in trading from their free webinars.

the emotional level that exists must be able to be considered well, this is necessary so that traders can become better and can get more leverage in making profits that are in line with expectations when they are in a Tickmill real account.

Yes, in a trader’s life the demo account has great importanceundoubtedly. The traders who ignore this importance of demo trading accountwill never achieve his trading success due to lack of practical tradingknowledge. That’s why FXdirects the credible broker I select to get the bestdemo platform. In their demo account they have all types of real trading toolswhich help their beginners to get the real trading knowledge.

Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. For demo trading a good broker is also important. A broker whose demo price is well synced with live market like XeroMarkets broker.

the existing education program must be able to be considered well, this is needed so that traders can become better and be more optimal in carrying out trading activities in accordance with expectations with Tickmill.

I'm telling you guys this in good faith, Unless you can make serious money on the demo account, don't even bother to move to a real account. This is what most traders from freshforex recommend.

the existing education program must be able to be considered properly, this is needed so that traders can have the right means to be able to conduct training and learning and be able to adjust the trading plan before applying it when using a real account.

Demo is very imprtant, but their price on the demo account must be similar to the prices on a real account. with brokers such as Instaforex, the price movements on the demo account may not be the same as the real account. Even worse, the have various servers which always have different price movements.