Not actually 100%, but 70% maybeDemo is very useful. Well, imagine that you would immediately go to war.
You read a book about it, and you were told how to behave in battle, watched a film about the heroes of the war, and then you were thrown into the very heat of battle.
Demo - it's military simulations and exercises, it's even better, it's a 100% imitation)
Forex demo accounts is very helpful especially to the newbies. It can help traders to practice in able to familiarize the trading platform and to improve their trading skills. I also did demo trading when I am still a newbie and have learned a lot from itCan demo accounts give us all we need
Forex demo accounts has been proven to be one of the best tools to develop our trading experience and skills. Do you think demo alone can give all that we required in forex trading?
Of course you must not stay too long on demo accounts. It is just a way of preparing yourself in live trading. Demo is just a way to practice trading unlimited in which you can test your different trading strategies and gain a better feel for what moves the market, how it moves and how much it moves. It will not make you a perfect trader but it will help you in acquiring more knowledge and skills in the Forex trading business.I would say that too long stay on a demo account will only harm further trading with real money. No training will replace real combat.
similar but not the sameDemo accounts are very similar to the live trading account, they almost provide every thing to learn with virtual funds hence we cannot withdraw anything from this account so in order to check the broker's further processes like withdrawals it is good if we start with small amount to test the broker further.
So I'm talking about the same thing, it's like treating a surgeon who used to practice on mannequins before.
Better keeping our emotions out while trading forex, either its on demo or its on live accounts however it is always good to test any strategy on a demo account before implementing it to live trading accounts to get better results.