Destination brokers provide demo account so that people interested to try. If people are interested in and use it in a live account certain broker gets a commission. That is the real goal. But on the other hand novice traders will find it helpful to be able to practice to find a good strategy.Determination of capitalSometimes brokers do not provide information about how much capital is used. So you try to install capital according to personal whim. In fact at the time trying to be real, it turns out capital used in the near future have disappeared nothing left. So you must make a deposit again and again. This experience is actually very expensive to understand price movements in the market.
Too comfortableThat is one of the main pros of the location of the demo account. By using a demo account you can learn about the Forex market and the main function of trade without any risk. However, this is not always satisfactory by traders who want to earn money. When you use a demo account, may feel safe and risk-free. But there is bad news where you psychologically trained to comfortably
use the demo and when the time comes when moving to a real account will
experience the tension and fear.
Think of a demo account like a real accountSo do not be surprised when using a real account is to make a demo account as if a real account. Make the account as if the original money that if you lose your capital will certainly sad. To create a demo account really like real money, make sure you use the same capital letter if later wearing real money.
So when you use the money demo will certainly look exactly like using real money. Just do not ever have thought money could not be withdrawn demo
profits, but look at the effect that will have on you psychologically.
Example suppose you can only use the funds $ 25 if using real money, then it must be made a demo account for $ 25 also. Among demo money and real money we think is the same. Because when you walk with demo money and be quiet, then the real money will be accustomed to using.
Optimally use the demo account to practiceOf
all the above reviews should be disclosed that be sure to use a demo
account about one or two weeks to learn the basics of Forex trading. Then open a real account and start with the same funds when using a demo account. Never
use the fund too big of a demo account, because of all the
psychological aspect and the capital has been laid out at the time to
learn the demo, so it feels obliged to follow the rule demo account
before. The success comes from patience, awareness, and discipline.
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