Demo Account: A Platform Of Practice

Discussion in 'General Trading Discussion' started by Benigna Mazzi, May 4, 2021.

  1. Benigna Mazzi

    Benigna Mazzi Senior Investor

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    The demo account is the best place to practice and learn to trade. Despite many traders ignoring this account, I’ve spent a lot of time on the real account, but I'm still using a demo account with Eurotrader. I always use more leverage and other trading strategies in the demo to see how it works. It helps me to avoid the risk of testing new techniques.
     
  2. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

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    Demo trading could be very effective when you are new. Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. I am trading with Eurotrader, a regulated broker. It provides me a wide range of services including low spreads, up to 1:500 leverage from 1:50 and instant trade execution.
     
  3. Linda Smith

    Linda Smith Senior Investor

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    To trade in forex knowledge is very important. Without the knowledge of forex a trader can lost all his investment. A trader can gather knowledge about forex from anywhere. To get proper knowledge about forex a trader can take help of demo account. A trader can trade like live account in a demo account without any risk. I got knowledge about forex by trading with a demo account of TP Global FX. It helped me to get all kind of techniques and knowledge about forex. So, demo account can be an important source of knowledge about forex.
     

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