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Is It Better to First Learn Forex Trading with A Demo Account

Admin
May 5, 2022
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Forex demo trading account is used to learn to trade online and practice forex with interactive platform features, as follows:

Simulated Environment:

Real like scenario simulations to practice and get familiar with the forex trading platforms.

Virtual Money:

Free virtual money as an initial investment for the safe, secure learning process.

Zero Risks:

Let’s the trader to learn the trade without any monetary risk.

Benefits of beginning the trade practice with the forex demo trading account as a beginner:

  • Demo accounts enable the trader to do the trade on a risk-free virtual computerized simulator.
  • It could be an opportunity to get familiar with the software, they will be using along with their broker to trade in the financial markets and learn how they work.

When a person moves to live trading from the demo account, they find several differences which they should be aware of:

  • The simulated results rarely correlate to actual trading results.
  • Alertness should be practiced at every moment.

Tips to make Demo Trading Realistic:

A forex demo trading account may not make you alert like a live account. Always practice alertness while using the demo account too.

Bid fill may mislead you

Bids may not be filled even if it is shown by the real software. Only assume the bids are filled if the price trades by at least a cent more. For low-volume stocks, this buffer should be more.

Expect Slippage 

Expect at least one cent slippage on market orders for high-volume stocks and expect larger slippage for low volume and more volatile stocks.

Trade with the realistic amount in Demo too

If possible, trade with the same capital in both Demo and live accounts. It may teach you more about real scenarios.

Risk Warning

 This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. Trust Capital does not take into account your personal investment objectives or financial situation. Trust Capital makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of Trust Capital, a third party or otherwise.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. __PERC__ of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trust Capital does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran, North Korea, UK, Czech Republic and Belgium. Please consider our“Risk Disclosure“.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trust Capital does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran, North Korea, UK, Czech Republic and Belgium.

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