I've been using a demo account for more than three weeks now. And I am enjoying it. But I learned that it is not recommended to be used for a longer period of time as this can result to bad trading habit, like taking to much risk.Demo account help us to know how exactly should we do trade in Forex, but not all needs fulfilled by a demo account. Demo account is always helpful for a new trader who wants to trade in forex. Here we get know when and how to use our strategy, also money management. Though a demo account does not fulfill all the needs then also it fulfill most of Forex.
I agree to that, but another thing is that if you cannot make it on demo, you will not make it on live, for it is even harder.Demo cannot really give you all you need. demo cannot help you to control your trading until you go into live proper for you to experience that.
I agree, you can't move on your trading Forex without demo (especially if you're a newbie), but it can't teach us everything. I think it's better to trade with a micro account or use money which broker gives you. For example, freshforex has a current no deposit bonus.Obviously, demo account can't teach us everything, it works as instruction manual for new ones and you can try different trading strategies. if you want to be successful then demo accounts are a must!! its a phase that we all have to go through
I agree with you, on demo account you can practice, experience movement of currency pairs and analyse volatility, but if you have nothing to lose (I mean you don't have your own money on deposit), you feel relaxed and in most cases you will lose your money. If we are choosing between a demo account and no deposit bonus $500 from FreshForex, the last option is definitely better.I agree, you can't move on your trading Forex without demo (especially if you're a newbie), but it can't teach us everything. I think it's better to trade with a micro account or use money which broker gives you. For example, freshforex has a current no deposit bonus.
But it could give you a real trading experience, and you dont have to risk your money.Really not. Demo accounts can never provide you the most satisfactory and beneficial services as compared to the paid accounts. Demo account have less facilities and quality services. But being a newbie, you can go for it for few months.