How you can capitalize on a demo account facility to the maximum and optimal as possible, here are some points which you can use as input:
A. Intentions are straight, that you will find the experience of trading.
Before venturing into the forex market, you have to have some clues to consider. Involved in forex trading with little or no experience at all will only produce painful results. Trust me ... You may lose most of your capital and become frustrated because you think initially that the forex is very easy to make money. It was one of the common misconceptions in forex trading. Although there are a lot of money in circulation, it does not mean that you can make easy money from it. As with any venture in life, the award will come after you have worked hard for it. Inside there are factors that hard work of learning, trial and error, ups and downs and so on.
With this demo account, suppose that this is the real situation (in the sense of this when real money trading accounts). Though only a demo so that you would really seriously train for the purpose of obtaining experience as much for the stock later plunged into the real account.
3. How Long Train With a Demo Account
It is recommended that you keep practicing on a demo account until produced consistent results and good. You only need to be patient, remember that your goal here is to have a perfect trading system, trading psychology master better, which you can later use.
The question is how long?
It all is up to each individual, but the longer between 6-12 months, or longer, the better. There is no market which is exactly the same conditions over and over every day / month / year, so the longer you are able to survive and profit in the demo account, a mirror image of your success in the real trading accounts.
The longer your experience in the demo account, the more supplies and weapons later on your real account.
3. Try a demo account at a broker
Although basically the same, it never hurts to also try to experiment with a demo account facility from several brokers. Once you learn to differentiate in more detail the technical aspects (speed) in forex trading. If you are experimenting trading robot on a demo account, you can get different results on the facts of each broker who even used the same robot. Why? nah this is where you will get a topic and you are looking for and learning to master.
4. Practice seriously and consistently.
Diseases of the traders who are just beginning to learn with a demo account is 'Minimizing and neglect'. Because only a toy so lazy to control, monitor, and so inconsistent studied. Yet I also do not lose it just virtual money .. Like this can not be answered, you'll feel it later when the real money accounts you are already sold out and you broke it.
So, Serious, Committed, and Consistent, though this is just a toy
5. Make the most of the trading conditions which represent trading scheme plan your real account.
The simplest is the next time you plan on trading real with a capital of $ 1000 and a small lot Lot 0.1, then when you set up a demo account, create and do like it. So the picture of the potential profit and loss quicker you understand.
