Demo account; Is it enough for learning?

[RichardTrade]

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

 

[Enivid]

Market rates are the same. Spreads can be different depending on the account type - e.g. fixed/variable or micro/standard/ECN.

 

[RichardTrade]

Market rates are the same. Spreads can different depending on the account type - e.g. fixed/variable or micro/standard/ECN.

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

 

[Enivid]

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

 

[RichardTrade]

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]

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]

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.