My thoughts exactly. Practice on demo account is must before starting off and after that small deposit in micro account would do no harm.If you are completely starting out then for me your dues on demo are a must. However, depositing a small amount in an account to start exposing yourself to the demons in your head is also important.
Could not agree more on this. It is very important to start with demo before doing the liveIf you are completely starting out then for me your dues on demo are a must. However, depositing a small amount in an account to start exposing yourself to the demons in your head is also important.
you need to trade a demo as if it was real. if you are going to be using sl then set them on the demo. if you are thinking of a 1k live account then use a 1k demo every thing has to be mimicked as if it was realPls am a newbie in the business of forex trade. I seem to be doing well in my demo account but am still not comfortable with cos I still think there is a big difference between trading in a demo account and trading in a life account. Pls what are the major differences? I will like to know this please cos am trying to open a life account.
My second problem is I ve not been trading on my demo account with stop loss how does that affect my trade. Thought I still make profit. How will that affect my trade when I state trading on a life account? Hoping to hear from you guys.
Thanks from eduj