Demo accounts

Advanage: You Don't lose your money
Disadvantage: you dont learn propersly till it is your own money at stake
 
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?
 
Just use them to get acquainted with particular trading platform. Once you are, go for a real account.
 
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.
 
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.
 
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 ?
 
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!
 
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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