RahmanSL
Major
- Messages
- 2,938
I have a question about the concept of demo accounts,
as a newbie I find that the demo account does not really help me understand the game since its not real money and also because I have some background in gaming so I'm thinking that if its the same, the demo server is "programmed" to make sure we will win more often and then we will think we know the hang of it and when it comes to real money all of a sudden we will start losing.
So, I guess my question is, how can we start trading on real accounts/servers and make sure we won't lose everything on the start?
Can we practice on real account somehow? is that what the bonuses are for?
As mentioned above, you can also get good practice on a Demo account, but make sure you set the Demo account to the same amount as you intent to deposit into your live account....i.e if you plan to trade on a live usd1k account, then practice on a usd1k Demo account too.
Be very careful of bonuses offered by broker as they come attached with all sorts of T&C.....e.g I accepted bonuses from EXNESS for each deposit I made into one of my live account with them, and after some time (forgot how long...but more than a year) when I finally request to withdrawal whatever money I have left in that account, they deducted every single bonuses they ever gave me which amounted to over usd1k.