Demo account; Is it enough for learning?

RichardTrade

Trader
Mar 15, 2016
18
0
7
40
Thanks for your reply. Do you think high leverage is excellent to learn from?Others suggest that a beginner should use 1 to 1 leverage until they have things worked out.I think if you use 1:1 you need a lot of money to get started.I would appreciate if you can help me with that.
 

Enivid

Administrator
Staff member
Nov 30, 2008
14,861
685
144
Odessa
www.earnforex.com
I would learn to trade with 1:100 if you are allowed to use such leverage by your country's regulations. It is a good level - you won't need too much capital too start, it is easy to do margin calculations with, it is widely available from the brokers, and it is not too high.
 

f4forex

Active Trader
Oct 8, 2015
231
2
29
38
I would like to suggest new traders keeping the leverage low in start as they might not aware of the market so using higher leverage means higher damages.
 

sevenone

Trader
Nov 5, 2020
13
0
7
52
Salatiga
superforex-id.com
By trading in demo account provided, I know well about how the platform work. And also by that I can express and practicing my understanding about forex indicator and strategy as the preparation to enter real account.
 

vicjon1995

Trader
Sep 29, 2020
74
7
9
25
It is true that you cannot experience the same trading conditions in a demo account, yet it is important to understand the importance of a demo account. It is a very valuable learning tool.
 

Hierophante

Trader
Dec 7, 2020
2
0
6
40
I agree with vicjon1995. Demo account has helped me so much to be profitable ; but keep in mind conditions are not the very same when you switch to a live account (slipping and time execution are worst).