robertslynnp
New member
Demo trading may lead you to develop risk-loving tendencies that will quickly damage your live account. Trading psychology is the key to it all. Due to the fact that trading outcomes obtained with a trial account are emotion-free, top Forex brokers will attempt to warn you against placing too much reliance in them. Even with the best Forex trading platform, since you aren't risking real money, your results won't be an accurate representation of what you could accomplish with a live trading account in a similar situation. Live trading involves emotional components such as greed and fear, which one must learn to manage via practice. This is why we advise that after trying out your Forex broker and getting some basic trading experience.
With a demo account, you can start a live trading account with the smallest deposit amount and execute live trades with the very minimal trade size, which is typically 0.01 lot in online Forex trading. Even $100 can be deposited initially with some of the top ECN Forex brokers. Expecting to make a million dollars off of it is unrealistic. This strategy could result in a minor financial loss, but the biggest risk you run here is a modest expenditure that will go a long way toward assisting you in controlling your emotions as well as testing the dependability and transparency of your Forex broker.
With a demo account, you can start a live trading account with the smallest deposit amount and execute live trades with the very minimal trade size, which is typically 0.01 lot in online Forex trading. Even $100 can be deposited initially with some of the top ECN Forex brokers. Expecting to make a million dollars off of it is unrealistic. This strategy could result in a minor financial loss, but the biggest risk you run here is a modest expenditure that will go a long way toward assisting you in controlling your emotions as well as testing the dependability and transparency of your Forex broker.