Learn Forex Trading: Practice Forex Demo Account

Demo accounts allow novices to practice instead of trading with real money, but onthe actual market conditions. This is a very good choice to know forex trading as well as testing the trading system, because there is no money diresikokan. You can find out how your system will work. And you can practice with a demo forex account forwhich you want to be absolutely sure of your trading.

How to benefit from this demo account facility to the maximum and optimum? The following are a few points which you can use as motivation:

1. Really the intention that you will find any trading experience.

Before venturing into the forex market, you must have some pointers to consider. Involved in forex trading with little or no experience at all will only produce results that are painful. Trust me, you'll probably lose most of your capital and become frustrated because you think initially that forex it is very easy to make money.

It is one of the common misconceptions in forex trading. Although there is a lot of money floating around, that doesn't mean that you can make easy money from it. Like any endeavor in life, appreciation would come after you've worked hard for it. In the hard work that there are factors in learning, testing, fall awake etc.

Forex demo accounts exercise plays an important role in their learning. Even moneyused therein are virtual money, but can simulate real situation if the money used is the real money in the real account). So even if only a demo-account, but you shouldreally, really serious training for the purpose of getting the experience of running mates for the sake of the stock later falls entrance to the real account.

2. How long does practicing with a demo-account

It is recommended that you keep practicing on demo accounts to produce consistent results and good. You just have to be patient; Remember that your goal here is to have a more perfect trading systems, master trading psychology better, later you can use.

The question is, how long?

It all back in their respective personal, but the longer between 6-12 months, or longer, will be the better. There are no market conditions are exactly the same repeatingevery day/month/year, so the longer you are able to survive and profit in a demo account, mirror your successes in the real account is getting real. The longer your experiences on a demo-account, the more the stock and your weapon later on real accounts.

What if the Fund runs out virtualnya? calm, brokers usually allow you to ask for additional funds to be used in a virtual demo account.

3. Try a demo account on some brokers

Although basically the same, there is no harm in you also try to experiment with demo accounts from multiple brokers. At the same time You learn to discern more details over the technical aspects (speed) of the execution of each broker. If you are experimenting trading robot on the demo-account, you can get the facts different results on each broker although robots that used the same. Why? Well, this is where you'll get a topic and learning to Your search and Ahold.

4. Practice with serious and consistent.

Diseases of new-traders began studying with a demo-account is ' underestimate and neglect '. Because the playthings only so lazy to control, monitor, inconsistent learned etc. "Anyway I also don't lose out right just virtual money", which is like new this will feel the consequences later if real account your funds are up and you go bankrupt because of it. So, serious, committed, and consistent, although this is only a simulation.

5. Make trading conditions nearly represent your trading scheme plans on a real account.

The simplest is the next time you're planning a real trading with a capital of $ 1000and a small lot with 0.1 Lot, then when you configure the demo account, create it and do it that way. So the picture of the potential profit and losses more quickly you understand.

Note :

- In addition to trading a demo account on your PC/laptop, you can also trade the MT4 demo account in the app that can be downloaded on a gadget/android using the same username and password.