Demo account or why it is better to start work on Forex on it?

26 July 2017, 15:12 | The Company
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Of course, you can learn to trade in financial markets, moving from one major defeat to another, but this option is the least preferred, since most often after another such defeat, the trader will say: "Stop, I have enough ..." and leave the market, or His deposit is banally reset, and there will be no money to replenish it.

Is there an alternative to this kind of "painful" education? Of course, there is - it's a demo account. This account not only allows you to familiarize yourself with all the features and functions of the trading terminal, which the trader will use in his work, but will also provide an opportunity to learn how to conduct technical analysis of the market, and conclude their first deals, even if their result is not displayed on the balance of the trader Neither in a minus, nor in plus, in fact the demo account forex assumes work with virtual money. On the one hand, this is a huge plus, because a trader can not worry about the possible losses and just trade for fun, getting important trading experience. But it is in this lies almost the main disadvantage of the demo account, because trading in pleasure on a real account will not work out - the market will quickly take money when making wrong decisions. And if a trader takes too long to master a demo account, he, firstly, can never decide to switch to a real trading account, and secondly, even after opening such an account, he will act against the rules of man management and will not comply with the trading Discipline.

On the other hand, it's also not necessary to say that a demo account is a single evil, because where else does the trader get an excellent opportunity to learn about the foreign exchange market all the most important, how not during the trade at the "demo". After all, although the currency here is virtual, the trading conditions will be identical to the real one, and the experience gained will not be replaced by any trading textbooks, even if they are written by the true gurus of trading in the financial market.

Another great plus and reason to use a demo account is the opportunity to practice in making deals using the trading platform. After all, each platform is unique, and all of them have their own functions and features, with which you hardly want to understand the process of making deals for real money.

To test their trading strategies, the demo account is used not only by novice traders, but also by professionals who choose Admiral Markets and whose work experience has long passed in a few years.

There is one more very important point - trading on a virtual account will allow you to prepare mentally for real trading. But remember that trading in a real account, the outcome of your trading will be influenced by emotions that are absent when working on a demo account. It is also worth considering.

Based on materials: admiralmarkets.com



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