𝗖𝗢𝗡𝗦 𝗢𝗙 𝗗𝗘𝗠𝗢 𝗔𝗖𝗖𝗢𝗨𝗡𝗧𝗦

[robertslynnp]

Demo trading may lead you to develop risk-loving tendencies that will quickly damage your live account. Trading psychology is the key to it all. Due to the fact that trading outcomes obtained with a trial account are emotion-free, top Forex brokers will attempt to warn you against placing too much reliance in them. Even with the best Forex trading platform, since you aren't risking real money, your results won't be an accurate representation of what you could accomplish with a live trading account in a similar situation. Live trading involves emotional components such as greed and fear, which one must learn to manage via practice. This is why we advise that after trying out your Forex broker and getting some basic trading experience.
With a demo account, you can start a live trading account with the smallest deposit amount and execute live trades with the very minimal trade size, which is typically 0.01 lot in online Forex trading. Even $100 can be deposited initially with some of the top ECN Forex brokers. Expecting to make a million dollars off of it is unrealistic. This strategy could result in a minor financial loss, but the biggest risk you run here is a modest expenditure that will go a long way toward assisting you in controlling your emotions as well as testing the dependability and transparency of your Forex broker.

 

[Jack Reacher]

Bollinger bands and moving average seem to be good indicators. These are the mostly used indicators around the world. They will help you view the market technically.

 

[saoussen5765]

@robertslynnp do you think that forex brokers are tricky means let you win on demo account even you are doing wrong and the story changes when going to practice and deposit funds and play to earn on forex? This could be for propable but I do not believe so much.

 

[Asahi]

If you are an arch EA trader, consider whether your broker supports it or not. Nowadays, brokers are hardly secure and you have to be picky for selecting a secure trading broker. FXOpulence provides a reliable trading platform for EA traders. The broker is highly secure for traders.

 

[FXOchartist]

Working in demo account has pros and cons, the purposes demo account provided for newbie or traders to test trading skilll in real market condition use virtual money. If trader can using demo account seriously they can learn how to manage the risk in forex trading, using appropriate position size based on amount capital . Finding best and suitable trading strategy etc.

The cons trading in demo including no emotion pressure, so can't built better psychology trading. The server in demo is different with real trading server maybe given difference condition like slippage. However demo account remain useful for traders make backtest trading strategy use ea or manually. Sometimes I back to using demo ECN FXOpen to test trading strategy.