Any difference between Demo account and live account? - page 3
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The are some differences between these two types of accounts. But one of the most explicit is that a demo account is useful for practicing developed trading strategies. If you invest money to a live account, a demo account, on the contrary, does not need any deposits.
That's right. We can use demo account to practice and get new experience that we can learn to get better in trading with live account. And i also still use demo account from FBS to practice and to take part in demo contest.
Basically trading with demo accounts and real accounts are the same. We use the platform to trade, and we also need to do the analysis. It's just that if we are trading with a demo account, we can not draw profit and we also have a psychological effect. So do not be surprised if trading using a demo account it is easier to make a profit rather than trading in a real account.
Sometimes because of a source of capital that makes traders underestimate a demo account. Equity capital for demo trading is virtual, but if trading with a demo account without rules, it could be it will carry over when we do the real trading. Better still use a demo account as it should, because without a demo account, we can not learn without risk.
Demo trading is an excellent training tool to see our readiness in using real accounts for trading. With real account we can make a profit that we can use. But it's not undeniable, there are traders who abusing demo account to play around, trading without rules and I think it will only harm us.
Yes traders abuse demo account where they were good in profit taking. Now in real account they cannot trade as freely as they do on demo . They had now more fear to loose , feel difficulty to act upon trading plan and strategy . What they analyze market is against it. They loose their hope . They should wait slowly they can know real trading atmosphere.
That is why a trader should be able to utilize a demo account with profit as possible even though we can get can not be withdrawn, but the experience that we can get with this account will be very beneficial to our real trading. Even, we can get real money if we wanna take part in demo contest from broker.
Demo trading has always possessed instant in addition to smooth setup. Live is a bit slower for bigger lot size and also during excessive volatility.
Demo account and a live account they can complement each other. Demo account is used as a learning tool before start trading in a live account. In the demo account, if trading we are successful , then we will not get any profit. But in the live account we can get it . To test the strategy, we can use a demo account. To then be applied in the real account.
Demo trading has always possessed instant in addition to smooth setup. Live is a bit slower for bigger lot size and also during excessive volatility.
There is alot of difference we feel when we do real trading . In real we face more emotional involvement than demo . Second difference is of capital . In demo the capital is in thousands we can collect profits easily but in real we had a limited amount which is not easy for profits we remain bound to manage risks.
Demo account is usually practicing account and actual account is usually live account. trader to start with learn forex business using demo account then they start dealing with stay account. i know forex organization is good luck business.
of course, demo account is help to make my learning and expertise. and true account can be make the real revenue or funds. and a fantastic trader a long time practice demo account then check out real account.