Why beginners need demo accounts

[Aminakhan 65]

Every forex trader needs a demo account. In addition to providing practice, demo accounts provide the necessary records to analyze your weaknesses.

[Ms.o 3322]

It is very helpful to better understand how the platform itself works,learning true reading and researching is not enough,you have to apply it for you to experience or prove that what you knew is right or not.

[Nazmus Shakib 12]

because trading on real account is much harder to win on.so firstly you have to try demo account to make sure you can trade on real account to make profit.if you try real account without experience that may cause capital lose.

[pablomarwan 3082]

It is better to start with a demo account.
Through it you learn, gain experience and develop a strategy to work on.
But the real account. The risk ratio becomes high. And the psychology of rolling
Initially hesitating

[sams 18]

They make more mistakes here and their accounts get banned. Most of the begginers do not know how to work here. So they need a demo account

[khan22 3478]

Beginners will need the demo account becasue they are learning on that time about the trading and about the lot size and also profit and loss in the forex market these are the basic steps and we must to need to try the demo first before investment.

[ram007 391]

demo account is a practice trading,so it is better to use demo account first for you to know how it works,how you can win, how you will lose and understand it properly.

[Jbetancourt532 17]

Demo accounts are of little use to train a trader if you don't have a clear process and strategy the demo account is of no use, now with everything else it helps you improve some aspects

[oumahrach 71]

Hi i think you shouldn't have a demo account since you want to get into forex because it prevents the real trade experience and the taste for risk so i have to win and lose for real

[MrGeany 297]

i think begginers need demo acount because the dnon't know how the trading platform works, and their first job is to be familier with platforms and after that they can start trading and earn some profit.

[Attaullahkhan 14]

Hello dear friend the demo account is very important for beginners because he learn what type of comments or posts I share

[Yuwa 10]

Demo account basic purpose is to test your skills on the virtual money instead of investing you real money and loss it, one you train enough on the demo account then you are good to go  with the real money.

[Sams1020 6]

You can trade on real money. If you try to do real money business first without knowing the platform, then it is risky. So it is good to improve your skills.

[guatazoo 7150]

Demo accounts for the beginners is very important, even if they have learning the forex course, because in the demo account it will help them to know how risk can be appeared in the investment.

[iloveyobit 6599]

I think they need a demo account in order to live the mini experiment and earn the experience in Forex before they start trading directly and this is very dangerous because losing money after it is easy

[George10 9932]

A demo account is very important to every beginner in Forex trading because it helps to do practical trading with virtual currency and understand how the market behaves before you risk your real funds and its recommended.

[Maroua 1159]

The demo account makes us live the experience, the demo account is very necessary for every beginner because we will learn many things from him, I have a demo account in Forex, but I do not know how to suggest a buy and sell deal.

[BitcryptoHan 2557]

Demo accounts can be helpful, but professional will not recommend this. Using demo does not make mean you know how to trade, if you know trading already, you can trade as low as $2 on some exchanges. 

[Calvinpriva 17296]

Beginners needs demo trading accounts so that they can test their self if they are ready to start trading with real accounts. Its just like in schools, you will start with quiz or tests and later you will do the final exams.

[BitcryptoHan 2557]

On 4/30/2020 at 4:31 PM, Calvinpriva said:

Beginners needs demo trading accounts so that they can test their self if they are ready to start trading with real accounts. Its just like in schools, you will start with quiz or tests and later you will do the final exams.

You are right, just to practice but beginners should also know that using demons account does not mean they will win traffic because trading with demo is far not the same with trading with money and cryptocurrencies. That is why it is necessary to start at least with small amount like $10. 

[Crypto123 0]

Yes, true, you must obtain a demo account in Forex in order to reduce the risks, it is difficult to start trading in the forex without you having the experience and a good background to trade unlike the cryptocurrencies that can start trading immediately.

[BitcryptoHan 2557]

On 5/18/2020 at 7:55 PM, Crypto123 said:

Yes, true, you must obtain a demo account in Forex in order to reduce the risks

Demo account may not reduce the risk as thought, using demo is not the same as using money. Starting with low amount of money is better. 

[jamesvince 2389]

Because forex market is very high speed and risky market that is why we needed demo account in forex trading market for making some practice on this market. If you don't have any information regarding how to make trading on forex business markets then go YouTube and learn information of it. 

[Saboor 511]

Demo account are made specially for learning how to trade and also to test some of your strategy, not only the beginners almost everybody who is involved in trading need that demo account for practice purpose.

[Honny143 13612]

I am also using this demo account in trading because I have no experience in trading, so I use this account how to do trade and how we analysis the market, and how much accuratly predicts the market and most important when we entire and when we leave, these things we learn in demo accounts and practice every day to help our skills improve to help when we do in real trading.