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Trading with a demo account


Nilde Lucchese

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The result of trading with a demo account will not be similar to trading with a real account due to trading psychology. So, first of all, let's learn proper trading psychology. Most brokers like Eurotrader offer free educational materials on the market. This broker also takes no commission, no additional charge, and much more.

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I suppose a demo account can help you understand whether a broker is right for you or not. But I strongly advise you to study all the information about brokers in order to understand whether you can trust them. You can surf the net and read this information. I can recommend u one site which calls Finarm com. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information.

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2 hours ago, Nilde Lucchese said:

The result of trading with a demo account will not be similar to trading with a real account due to trading psychology. So, first of all, let's learn proper trading psychology. Most brokers like Eurotrader offer free educational materials on the market. This broker also takes no commission, no additional charge, and much more.

Not only due to psychology but also because of higher transaction costs and slower execution. They may have decent impact on your trading especially if you are a scalper. 

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Education is must for forex trading. without any knowledge it is very risky to invest in forex market. besides traders have faced a lot obstacles during trade. trader can get education by opening a demo account, where he can trade without any risk. I am also using a demo account of TP Global FX to know about the forex market. It helps me to gain knowledge about forex.
 

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5 hours ago, maspluto said:

The selection of the existing broker must be able to be considered carefully, this is done so that traders can become more leverage in nature to survive and can become a trader of the month with Tickmill.

I prefer to do my Forex trading with the International Broker FXOpen 🙂

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  • 2 years later...

Forex trading is a very profitable business when understood and mastered correctly. That's why I have been learning a lot and making use of the education provided by Tickmill as my broker. This way, I can gain a solid understanding and preparation for trading on a real account successfully.

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