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    Thread: Overview: Uses of demo account

    1. #1
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      Lightbulb Overview: Uses of demo account

      Many traders are unwilling to use demo account. They think that demo trading is useless. But there are many kinds of uses of demo trading account.

      Basic Learning Purpose

      When a trader stats his trading life he should use demo trading account for learning purpose. He should learn about the trading terminal, indicators, timeframe etc. Demo account can be an introducer of forex trading.

      Testing Strategies

      When you build a forex trading strategies you should test in demo account. Because demo trading has the same trading environment of real account. Just money is not real. So, you can test your strategies without taking any risk. This is the big advantage of demo account.

      Choose a Broker

      If we want to know about a broker trading environment, trade execution speed, spread etc we should use their demo account first. We should check their all trading facilities in demo account before starting a live account.

      Testing Expert Advisors

      Many traders like to use EA for trading. But we should test new EA in demo account first before using in a real account. That helps us making any decision.


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      Demo account is really essential in the Forex market to start the real business.Demo has no alternative in this business as we cannot practice day and night without any pressure except demo account.Demo is the real place in this business where we can start this business for learning purpose and applying our method or strategy.Demo is only for learning purpose, it is not for earning purpose.One should practice in demo as he is practicing real account.If a trader does not practice demo account seriously than he will not get full benefits from demo.Demo is not only for the new traders but it is also for the experienced traders.


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      The demo account is not just useful for the newbies alone but for everyone that is trading in the forex market because at some point you may have a new strategy that you will want to know about its performance, it is through the demo trading account that various experiments can be carried out before you, however this account as important as it is has always been neglected by the people that needs it the most, everyone is practically looking for something that does not involve hard work before we can earn from this business, the demo is a mandatory requirement that all traders need to survive for a long time in the forex market.


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      Demo account is the helper of all trader we can test our strategy robots and any new thing we can buy from any resource and test it on demo account this account for all new and old trader they will do practice and test their self on it. now a days i will also work on demo and test a new gold pair strategy on demo practice account and it will give me a good idea of my new strategy, so keep practice in demo will makes our trading perfect and we can correct our past mistakes which will give us big loss and show red margin call only demo will help us to set out these critical situations created in our live trading account.


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      The demo account is judged to be every forex trader's best friend, what are the reasons for this assertions, it is the place of primary assignment which gives us the very first experience that guarantees some practical knowledge and information regarding the forex business. Without having the opportunity to go through demo trading, it will be much harder to become profitable in the long run, so avoiding the demo does not make you smart, because they so-called smartness is what will cause the to outsmart you eventually. The uses of the the demo trading account are you numerous to exhaust, it is also not a good plan if our journey through this market does not entails how we are going to help ourselves with adequate practices.


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      The demo account is meant for practice and sure this is where every newbie have a start of learning in the practical aspect. Demo gives us the chance to flow with this market without having to risk any of our capital in trading. The demo is surely the right kind of place where we can build up the best strategy and apply them to make good trade in the real account.

      It's good for practice and its the best place for any trader that wants to work on his system should be. We can test different trading method and have the rich platform to know how effective it can sure be in this market. I love the fact that this kind of account is available for practice if not we will have to loose our money with the real account for learning purposes.


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      With demo we can test each strategy or expert advisor to see the results before using of it in the live trading and this will keep us out of risk because we practice with no money and this makes demo is very important for any trader wants to succeed in live trading, with demo we can build the trading plan also and practice on management of the risk and choose the suitable lot size for each order and so this will help the traders to prepare themselves for successful trading and making of consistent profits with little risk.

      Some traders think that demo is a waste of time but actually it is not but this is very important to spend enough time with demo before joining the real market, because without demo practice success rate will be little and loss of money will be high possible.


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