You could forever and ever bear in mind that opening up a demo Forex account is a technique that many traders have to practice trading before investing their real capital. Wow, I can hardly remember that how many times I have emphasized the necessaries of using demo Forex accounts to test your Forex strategy. Here I am going to list some of the pros and cons that come with using this type of account.
Pros of Using Demo Forex Accounts
One of the pros of using demo Forex account is its allowing you to get a realistic simulation. With a demo Forex account, you get to see the market much like it really is. When you place an order, it may seem like you are just in the real Forex market. You can simply plug new strategies into your demo account before risking any of your own money
Another pro of using a demo Forex account is that you would get to use play money. They don’t actually give you paper counterfeit money to use. They simply credit your virtual account with the amount you ask for.
Possible Problems When Using Demo Forex Accounts
However outstanding it is, demo Forex accounts still come with some issues that Forex traders need to pay attention to. Now make it easier, if you place an order in your demo account, it will be executed immediately. However, in terms of using a live Forex account, you might wait for a few seconds. As a result, that is why most Forex traders perform better in demo Forex accounts than in live accounts.
http://www.ikonfx.com/forexblog/things-most-forex-traders-do-not-know-about-demo-forex-account/
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