Diff. between demo trading and Real Trading-- Opinions invited for help to Newbies

[satish_verma1980]

hi everybody there,

I'm new to forex and this is my first thread. and I need help from the experienced persons.

I wanna know about Difference between Demo Trading and Real Tradind about
-- any type of hidden costs
-- any type of charges charged by the brokers and other types of problems experienced by others while depositing and withdrawing funds

-- Specially difference between Real time execution of orders ( specially gold/USD)

-- any fraud done by brokers to the newbies

and any suggestions for the newbies

[professorx]

Order execution and everything else (besides trader psychology) will be the same between a demo and live account.

It is in the best interest of the broker to put out a demo that reacts identically to the live platform.

There are several methods to deposit funds, and it's different for different brokers. You will have to check with yours. Usually wire transfers will have a fee charged by your bank for sending out money.

There is fraud - high and low degrees of fraud.

Any broker with fixed spreads and "no commission" is ripping you off because the actual spreads that they receive are on average lower than the 'fixed' spread. Who do you think keeps the difference? They do.

These types of brokers are referred to as "dealing desk" brokers, and they have the power to pool their customer orders and manipulate execution.

A non-dealing desk broker never sees your orders and directly connects your orders to a network of banks via ECN.

[satish_verma1980]

thanks for reply professorx ,

then what do u suggess, should I go with an ecn broker rather that a dealing desk, and how much a ecn broker will charge per trade and whehter the volume of trade matters in that case ?

Also plz explain in detail what kind of fraud there can be