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I have been trading for more than a year with a demo account. My initial deposit is 4k, which turns into 7.5k currently, with leverage at 100:1. Do you think I should switch to real-live account instead of the demo one? Do you have to encounter many obstacles in switching? Are there any sources to rate my trading capability?#-o 🤦 🤦
I started under live account and doing quite well now!!
Edited by user
2016-05-21T07:54:06Z
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Reason: Not specified
Traders should make a solution by themselves only as the choice is of individual interest because first we have to evaluate ourselves that we are ready to handle the real trading accounts or not or is the perfect time to switch from the demo to real account .I feel that demo trading should be always there to improve our performance and practice.
I always enjoy participating on demo contest because that’s how I am able to gain maximum rewards and it’s something that keeps me incredibly sharp with things. This is all due to OctaFX broker, as having demo contest like Southampton Supreme is awesome with the concept been so unique yet having unlimited prizes, it’s just perfect way that I am able to build up good plans for myself and it really helps me getting success and is something that keeps me completely comfortable.
Demo account is for training. In any case, before you begin genuine, you should be on Demo to master trading methodologies and trading terminal to put trades. I have utilized the Demo and Real of FXPM when I began trading with them. With Demo, I could rehearse my trading procedures. FXPM additionally gives free forex training which causes me facilitate into my training. When I changed to Real, I got an individual account supervisor with my Silver account as it allots an individual account director to Silver, Gold and Vip account holders.
As a
Beginner Forex Trader it is highly recommended to start with demo account and once you know the market enough you can start with small live account and increasing it gradually once you start getting money out of it.
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