Downsides To Demo Accounts
Demo accounts are game : better to open a very small real account than to demo trade endlessly
In accordance with morro, only good is to make yourself familiar with the platform.
arigoldman:
In accordance with morro, only good is to make yourself familiar with the platform.
In accordance with morro, only good is to make yourself familiar with the platform.
I second that
morro:
Demo accounts are game : better to open a very small real account than to demo trade endlessly
Demo accounts are game : better to open a very small real account than to demo trade endlessly
It is very much useful for a Forex trader to learn his trading using the Demo trading accounts as that will let him do his trades with good results 
Isabelle Watson:
It is very much useful for a Forex trader to learn his trading using the Demo trading accounts as that will let him do his trades with good results
It is very much useful for a Forex trader to learn his trading using the Demo trading accounts as that will let him do his trades with good results
Could not be further from the truth. Demo accs are in illusionary environment, they are not created to make you a good trader.
Demos are made to make you believe that you can not be hurt
And then you lose
morro:
Demos are made to make you believe that you can not be hurt And then you lose
Demos are made to make you believe that you can not be hurt And then you lose
All the demos are made for that. If people haven't learned that yet, than the trading is dangerous
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Demo trading may cause you to develop certain risk-loving behaviors that will surely ruin your live account in no time. It all comes down to trading psychology. Top Forex brokers will try to caution you against putting too much faith in trading results achieved with a demo account, mostly because such achievements are emotion-free. Since you don't risk real money in a Forex demo account, even with the best Forex trading platform, your results won't be reflective of what you could achieve under similar circumstances with a live trading account. Live trading brings emotional factors of greed and fear, which one must learn to control through experience. This is why we suggest that once you test-drive your Forex broker and gain some initial trading experience with a demo account, you open a live account with a minimum possible deposit, and move on with live trades with absolute minimum trade size, which is generally 0.01 lot in online Forex trading. Some of the best ECN Forex brokers accept initial deposit of as little as $100. Don't expect to turn it into a million dollars. You may lose a small amount of money this way, but the most you risk here is a small investment that will go a long way in helping you not only master your emotions, but also test the reliability and transparency of your Forex broker.