It’s a prudent thing to do .
Forex Trading with demonstration accounts is a recommended practice for new traders and seasoned pros alike . In a discussion this morning with Daniela , one of our partners, I encouraged her to maintain a demo account for at least 20 pairs …one account one pair , This action gives you a clear picture as to which pairs you are more in tune with.
Now there are sources that disagree with this posit citing negatives. What ever these may be there is a significant improving result as you add time and experience .
Forex trading with demonstration accounts must be tempered by your trading them as you would your live accounts. Meaning the same care you make with live trades be shared with your demos. is required.
Forex trading with demonstration accounts that are traded sloppily or out of trading plan will damage you. Perfect practice gives great results.
Forex trading with demonstration accounts allows you to multiply your years of trading experience by allowing more trades Think like a concert pianist who needs hours of practice … more time better result .
Forex trading with demonstration accounts allows you to experience different trading environments . Open with different time zones …Asia Europe ,and NewYork, can give you different candle price action on the daily .
Forex trading with demonstration accounts will bear fruit when trading them consistently and over time.
