Demo account; Is it enough for learning?

Discussion in 'Newbie Questions' started by vicknic, Mar 20, 2014.

  1. RichardTrade

    RichardTrade Trader

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    I want to know if there is a difference between demo and live account related to spread and market rates.
     
  2. Enivid

    Enivid Administrator Staff Member

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    Market rates are the same. Spreads can be different depending on the account type - e.g. fixed/variable or micro/standard/ECN.
     
    Last edited: Apr 21, 2016
    RichardTrade likes this.
  3. RichardTrade

    RichardTrade Trader

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    Which account type you will recommend to a beginner like me?
     
  4. Enivid

    Enivid Administrator Staff Member

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    Fixed spreads on micro account after you do some months of demo trading.
     
  5. RichardTrade

    RichardTrade Trader

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    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.
     
  6. Enivid

    Enivid Administrator Staff Member

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    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.
     
  7. f4forex

    f4forex Active Trader

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    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.
     

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