- Mar 15, 2016
I want to know if there is a difference between demo and live account related to spread and market rates.
I appreciate your reply here. Can you please help me to create a new demo account. I see you have lots of experience in trading.Demo accounts are useful for practicing and I don’t think they should be skipped over. It’s true that they can’t prepare you for the psychological aspect of trading but it’s still a good way for beginners to jump in and gain more knowledge. Also helps to avoid losses in the beginning in my opinion.
I agree. Demo accounts are a great starting point and I think all newbies should use it first, but you have to be aware that getting the same results on a real account will be more difficult, so it's important to transition carefully.I'd say learn to trade, practice and test different strategies using a demo account. Start trading on live account with little capital and learn to control your emotions and be as objective as possible while trading on the live account. Things like controlling and managing your risk and emotions can only be learnt on live account.