You can start trading in demo without having to deposit a cent. There’s no real money involved here.
It is a biggest benefit of demo that one need not to pay even any cent to do trading practice he will use virtual amount for trading where he can calculate his profit , loss he is making in trading . That is of no use but he will get idea how he is reacting market right or wrong. Then correct position is easy to determine or he can struggle for best trading.
Some rules one should consider when starting a demo account:
- Make sure the charts and movements are the same as on live - no matter of what/which broker you’re opening it with
- Ask to have the same leverage and starting balance as you’d have with a live account.
- Try and try again.
The 3 rules above are ment to simulate your trading on a live account as closely as possible. So, that you can actually learn and test your strategies in as close to real conditions as possible.
Cheers.
Many traders makes a demo account before entering to real market. You should also have to make a demo account to get some knowledge and experience about the market. You can do so without losing your money. You don’t have a fear of loss because of which learning will become too easy.
Demo accounts are free; don’t need to invest your real money.
There are many broker that allow you to open DEMO account and try the trade without any REAL money. At least 4 broker as I’ve tried. But beware that the graph might not be the same with the REAL account.
As name shows real is real and demo is using fake money it will give you idea to face market to trade with risk taking as well as how to manage your amount but exact results will not apply on live trading due to many differences in market movement, Even you will see all broker are treating differently , demo is quick response account than of live trading terminals.