Forex Demo trading is important

Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. For demo trading a good broker is also important. A broker whose demo price is well synced with live market like [removed] broker.

 

Yes，I agree with you. Before you deposit your money with a broker, you need to try out a demo account first. That's what I did before I deposit my money into my trading account with CWG Markets. After trying out their demo account, only then I decided to open a real account with them and starts trading.

 

Demo trading is very important. If you have no knowledge about the forex market then, you can use demo trading to get some knowledge or build up your knowledge. I have used many demo accounts, now I trade with [removed]. It is one of the best brokers I have ever seen. It has a minimum spread and maximum leverage. No hidden charges while withdrawing money and no commission. It is a very reliable broker I believe.

 

Trader should not start forex trading without getting to know all the little details about the market. They should learn market history, terminology, strategies, and volatility. Also, don't forget to study the different philosophies of market analysis and the different tools and resources at the disposal of Forex traders. Once trader feel comfortable with all the information, dive into the demo account. After that real account. My broker [removed, pay to advertise] education helps me to understand all of that.

 

Very Important, in fact newbies should demo trade as long as they want till they master some basic things in the market. Though the simulation is not 100%, but it gives you a good taste of live trade is all about.

 

Demo trade is very important, you can never overstate it's importance. All traders, both old and new should make use of demo trade as long as possible.