This is absolutely correct-especially for short-time trading (daytrading,scalping) there may happen a big difference to demo accounts if you start doing that in a real account: more slippage will happen and the closing of the trades can take longer-so if you close your trade immedeatly after the mouse click in your demo account, under real conditions it may take longer. And if the broker is an a…wh…, you may experience sudden “connection lost” during the news release when you are on the right side and loose the trade because you couldnt close it…
-at least than you know you have to change the broker!
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As the other people said. You’re better to start live as soon as you can. As the experience is vastly different. Speed of trades, love money on the line. You don’t have to start big just start a micro account and try to build it up. It will gain you better experience trading live than demo for sure
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No rush here. Live account is different from the demo first of all because of your attitude. While you are on demo you are not concentrated on risks to much as basically you are not losing. In terms of the broker choice I would suggest just follow some advice and to go with the tested one.
my own experience going live is even after demo and getting consistent results going live is still different as your mind knows its now real money and the judgement can change, all comes down again to mindset and training the mind
I want to inform you that Forexchief broker I used once is still offering $100 for new live accounts. They are a good broker to begin with and they offer free trading strategies for starters. That shows that they want you to make profit. I am surprised a broker does that. So maybe you should give them a try using their free bonus. No risk involved.
From my view point, may be it is quite good for a trader to start trading with demo account after getting certain amount of trading comprehension here. Otherwise moving from demo to live may not result in real success. And yes, a new trader should choose a broker that is experienced, licensed and has good name. Now check whether your broker fulfills this criteria or not.
When a trader goes demo to live tradin gmany of his concepts are clear he can use trading tools easily knows what steps are necessary beofre trading. It all depends when he does demo trading serously . demo for just placing order will not give him real experience that can help in live trading.