Demo accounts

BOninja

Recruit
Messages
2
Advanage: You Don't lose your money
Disadvantage: you dont learn propersly till it is your own money at stake
 

Jason_85

Private
Messages
33
Advanage: You Don't lose your money
Disadvantage: you dont learn propersly till it is your own money at stake
Have you ever traded? If yes, have you tried demo accounts? Was they useful or it was just time wasting?
 

BOninja

Recruit
Messages
2
Just use them to get acquainted with particular trading platform. Once you are, go for a real account.
 

SnakenSnack

Private
Messages
26
Feel the force!!! The soul, psychology, pain, adrenalin real acc way better!!! Losing is part of learning.

but for beginners use demo acc first.. If you want to feel the force a lil bit try open micro acc.
 

iMusingKiMi

Sergeant
Messages
896
Pro: It can test your new strategy without losing a single cents even the strategy doesn't really work out.

Con: There are no con in Demo account. Trader himself that doesn't want to take it seriously because no real money involved.
 

Jason_85

Private
Messages
33
Feel the force!!! The soul, psychology, pain, adrenalin real acc way better!!! Losing is part of learning.

but for beginners use demo acc first.. If you want to feel the force a lil bit try open micro acc.
Thank you for the advice. By the way, what is micro acc ?
 

Jason_85

Private
Messages
33
Pro: It can test your new strategy without losing a single cents even the strategy doesn't really work out.

Con: There are no con in Demo account. Trader himself that doesn't want to take it seriously because no real money involved.
Got it. Thanks!
 

Pharaoh

Colonel
Messages
19,691
Advantage - learn the platform and test new strategies with no risk.
Disadvantage - no psychological stress like real trading. Less slippage/requotes than real environment.
 
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