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Demo accounts

Discussion in 'Beginners Bootcamp' started by Jason_85, Aug 14, 2015.

  1. Jason_85

    Jason_85 Private

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    Hi guys!
    Can you name me some advantages and disadvantages of demo accounts?
     
  2. BOninja

    BOninja Recruit

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    Advanage: You Don't lose your money
    Disadvantage: you dont learn propersly till it is your own money at stake
     
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  3. Jason_85

    Jason_85 Private

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    Have you ever traded? If yes, have you tried demo accounts? Was they useful or it was just time wasting?
     
  4. BOninja

    BOninja Recruit

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    Just use them to get acquainted with particular trading platform. Once you are, go for a real account.
     
  5. Jason_85

    Jason_85 Private

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    Okay. Appreciate.
     
  6. SnakenSnack

    SnakenSnack Private

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    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.
     
  7. iMusingKiMi

    iMusingKiMi Sergeant

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    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.
     
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  8. Jason_85

    Jason_85 Private

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    Thank you for the advice. By the way, what is micro acc ?
     
  9. Jason_85

    Jason_85 Private

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    Got it. Thanks!
     
  10. Pharaoh

    Pharaoh Colonel

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    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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