Lens1000
VIP Contributor
The Demo account is definitely the best way to practice forex trading and we have so many traders that have made so many gains trading the demo account. The amount one money made is not real but a virtual money. We also have so many traders that have made losses with the demo account, the bottom line is that the demo account is actually used so train and get acquainted to the assets in the forex market.
The main purpose of the demo account is for training and we don't really have emotions involved, because one is trading with the virtual money. When it comes to the live account, you are dealing with the real money unlike the virtual account where you are trading with virtual money. in this regard, the only difference is the risk and the emotions. The assets traded and their prices remain the same. This is why the live account is similar to the Demo account.
in the demo account , there's no risk but in the real account you have a lot of risk to bare and as a result, lots of emotions will come into play and that is why you need to study the market properly before you go to live training.
The main purpose of the demo account is for training and we don't really have emotions involved, because one is trading with the virtual money. When it comes to the live account, you are dealing with the real money unlike the virtual account where you are trading with virtual money. in this regard, the only difference is the risk and the emotions. The assets traded and their prices remain the same. This is why the live account is similar to the Demo account.
in the demo account , there's no risk but in the real account you have a lot of risk to bare and as a result, lots of emotions will come into play and that is why you need to study the market properly before you go to live training.