Almost every broker provides a service to a demo account as an alternative deposit bonus forex 2012 . On it you can trade without using real money. You open such an account, the amount of virtual money and the remaining terms choosing. That is, you can easily become a virtual millionaire! And you can be modest and limited to $ 1,000. Trade rules on a demo account do not differ from the actual conditions, and the load on the broker server is much smaller - transactions are faster. In addition, the experiences about the loss you will not have that will keep the nerves in the training work in the forex market.
Demo account in its essence - is training before serious trading. So it has some nice features:
- Learning Forex trading. You can without any financial losses to trade, learn forex indicators , analyze price movements, practice in technical and fundamental analysis. But the main thing, which is a demo account - testing trading strategies, trading almost live. If it does not return, it is easy to make adjustments without worrying about the result, and if profit is acceptable - it is safe to start trading on a live account and start making money on forex.
- The lack of actual losses will not spend the nerve cells in the period of study forex trading. In the case of a series of failures can easily start. The main thing - to do is follow the rules of the trading system on a demo account. You will be able to cope with the fear of transactions in large amounts, to learn to work as a robot - one of the key qualities of successful traders.
Not to mention, the main disadvantages of such trade. First of all - no real loss may encourage inappropriate and excessive trading confidence. Many people like to open multiple accounts and try to play good luck. It will not contribute to your growth as a trader. By paper trading must be treated so as to real - exactly. Then success on a demo account inevitably spill over to the real!
No matter what event you are trading what amounts at risk. Success in the form of profit will be only when the trading system will run without errors when capital management will have you in the habit and when you type experience. Be patient, and the success will come - you do not even notice how it happens.
Demo account in its essence - is training before serious trading. So it has some nice features:
- Learning Forex trading. You can without any financial losses to trade, learn forex indicators , analyze price movements, practice in technical and fundamental analysis. But the main thing, which is a demo account - testing trading strategies, trading almost live. If it does not return, it is easy to make adjustments without worrying about the result, and if profit is acceptable - it is safe to start trading on a live account and start making money on forex.
- The lack of actual losses will not spend the nerve cells in the period of study forex trading. In the case of a series of failures can easily start. The main thing - to do is follow the rules of the trading system on a demo account. You will be able to cope with the fear of transactions in large amounts, to learn to work as a robot - one of the key qualities of successful traders.
Not to mention, the main disadvantages of such trade. First of all - no real loss may encourage inappropriate and excessive trading confidence. Many people like to open multiple accounts and try to play good luck. It will not contribute to your growth as a trader. By paper trading must be treated so as to real - exactly. Then success on a demo account inevitably spill over to the real!
No matter what event you are trading what amounts at risk. Success in the form of profit will be only when the trading system will run without errors when capital management will have you in the habit and when you type experience. Be patient, and the success will come - you do not even notice how it happens.