You also need to be familiar with what is called 'demo account in forex trading'. This demo account is important because with this demo account you can more easily to understand, understand, and see in real actualization of how the online forex trading.
Meaning Demo Account
Demo account is an account which is hosted by the online forex brokers. And nearly 90% of online forex brokers provide facilities for this demo account. This demo account in which a trader (newbie / beginner) can trade forex with real data which you have in the current forex market (movement rate / rate forex pair) plus traders can also buy the operating open / close, and so in practice the strategy complete and thorough.
Funds used to open buy / sell / transaction is funds or play money only or virtual.
If victorious, gain / profit is not worth for money toy / virtual course. Conversely, when lost, you also do not need to change or loss is actually, do not be afraid broker will not charge you for losses that occurred in the demo account.
Demo accounts for the purpose of new traders:
Surely the ability to ripen in the forex trader traders trading before deciding to use a real account (real money). Traders may try to practice-tested trading systems with freely, without fear to bear the loss when making a mistake or losing a trade.
Nroker:
Is a marketing tool for prospective new traders, brokers know that a trader can more deeply. And view an online trading system performance given by the broker (server speed, execution, etc.)
Specifications Demo Account
Surely there is little difference in performance (technical) between demo and real accounts. In the demo account, the broker will use the server which is certainly not optimal as the server for real account. Or point there must be a difference in execution speed. It could be faster or slower, it can not be completely ascertained. If the trader who was using the demo a little more on the broker could be faster. There is no guarantee when a demonstration system has been tested successfully, it must also succeed in the real or even better - not really.
Especially when you use a trading robot, performance, or result in a demo account does not necessarily reflect the results on real account. Please be careful in this regard.
Psychological hazards in a Demo Account
Traders who practice with a demo account first, certainly good. And the longer he stays to ensure good results you had in the demo account, of course, is getting better.
However, analogous to the way we play, the game only (no risk) or real (the risk) will have an impact on the psychological aspects of a person. When the demo you can be sure and confident in opening or closing transaction, the bold cut loss, dare to wait, and so on.
But in real, adrenalyn will be encouraged and all logical thought would be mixed with the emotional aspects. You can lose confidence, you will be free of your analysis, you are so emotional because you lose, and so on. It is necessary to consider.
But:
Stay wise to start with a demo account. Without practicing first, you may unknowingly already doomed to error and defeat. Remember the forex market is a vicious they are ready to pounce on anyone.
How to Create a Demo Account, Requirements:
There are no special requirements, usually you can simply register (free) on a broker. And after that you can download and install the application (usually metatrader) who will be able to use for trading. You can have a demo account and trading is easily and quickly.
Meaning Demo Account
Demo account is an account which is hosted by the online forex brokers. And nearly 90% of online forex brokers provide facilities for this demo account. This demo account in which a trader (newbie / beginner) can trade forex with real data which you have in the current forex market (movement rate / rate forex pair) plus traders can also buy the operating open / close, and so in practice the strategy complete and thorough.
Funds used to open buy / sell / transaction is funds or play money only or virtual.
If victorious, gain / profit is not worth for money toy / virtual course. Conversely, when lost, you also do not need to change or loss is actually, do not be afraid broker will not charge you for losses that occurred in the demo account.
Demo accounts for the purpose of new traders:
Surely the ability to ripen in the forex trader traders trading before deciding to use a real account (real money). Traders may try to practice-tested trading systems with freely, without fear to bear the loss when making a mistake or losing a trade.
Nroker:
Is a marketing tool for prospective new traders, brokers know that a trader can more deeply. And view an online trading system performance given by the broker (server speed, execution, etc.)
Specifications Demo Account
Surely there is little difference in performance (technical) between demo and real accounts. In the demo account, the broker will use the server which is certainly not optimal as the server for real account. Or point there must be a difference in execution speed. It could be faster or slower, it can not be completely ascertained. If the trader who was using the demo a little more on the broker could be faster. There is no guarantee when a demonstration system has been tested successfully, it must also succeed in the real or even better - not really.
Especially when you use a trading robot, performance, or result in a demo account does not necessarily reflect the results on real account. Please be careful in this regard.
Psychological hazards in a Demo Account
Traders who practice with a demo account first, certainly good. And the longer he stays to ensure good results you had in the demo account, of course, is getting better.
However, analogous to the way we play, the game only (no risk) or real (the risk) will have an impact on the psychological aspects of a person. When the demo you can be sure and confident in opening or closing transaction, the bold cut loss, dare to wait, and so on.
But in real, adrenalyn will be encouraged and all logical thought would be mixed with the emotional aspects. You can lose confidence, you will be free of your analysis, you are so emotional because you lose, and so on. It is necessary to consider.
But:
Stay wise to start with a demo account. Without practicing first, you may unknowingly already doomed to error and defeat. Remember the forex market is a vicious they are ready to pounce on anyone.
How to Create a Demo Account, Requirements:
There are no special requirements, usually you can simply register (free) on a broker. And after that you can download and install the application (usually metatrader) who will be able to use for trading. You can have a demo account and trading is easily and quickly.
