Demo account; Is it enough for learning?

RichardTrade

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Mar 15, 2016
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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.
 

Enivid

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Nov 30, 2008
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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.
 

f4forex

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Oct 8, 2015
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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.
 

sevenone

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Nov 5, 2020
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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

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Sep 29, 2020
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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.
 

hk_09

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Oct 30, 2020
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Demo can help you in understanding the play of the market, practical side of trading and aids you in testing your strategies. But demo alone, I do not think is enough, one should club it with thorough learning, research as well. Apply what you learn in demo trading, that is how one can grow faster.