The forex market is the largest trading market in the world with the amount of money in tradingkan quite fantastic, and increased day by day. so a great chance to profit from the difference between the currency pair increases. therefore now more and more people trading forex as they lead businesses to earn extra income.
For those of you who are beginners in forex? you need to learn step bay step ranging from basic forex trading forex, the terms in forex and so, here I will explain about one way to learn forex for beginners by using a demo account, trading with a demo account you can make the learning. Trading in the forex market for real, but using play money, because through this demo account even if your position loss (MC) but you will never lose your money.
The advantage of using a demo account
Many of which you can get by using a demo trading account as a medium of learning, among others.
- Learning to use the trading platform and test it
to be able to conduct forex transactions directly in the forex market the world need their trading platforms and brokers provide many trading platforms. using a demo account allows learning and test various trading platforms most suitable according to your skills.
- The absence of risk
Learning to use the forex demo account all the transactions that are used only in the form of virtual money (play money) profit or loss of your transactions in the forex market only as a medium to sharpen your strategies, there is no risk that you take. so you can make a place to hone various trading systems and strategies for mendapatkankan profit before actually using your money capital.
- Free
Demo account is provided in a variety of reliable forex broker for free without spending a penny of capital and tetep you can use it for forex transactions. register immediately at the best forex broker that provides a demo account for use as a place to practice systems and strategies you have learned before using your money to trade in the forex market.
Disadvantages of using a demo account when trading
Besides berbgai advantage you can get using a demo account there are also weaknesses in between.
- The risk of loss is not real
Not the real risks led some traders to trade carelessly without any fear of losing money, Trader behave differently and use of trading options arbitrarily without studying the analysis and strategy compared with capital using real money. Such actions need to be removed, although trading berusalah using a demo account but seemed to trading such as when you use your own money capital to be more careful, because there is the risk of losing real trading that will be on the responsibility.
- Large capital funds
When using a demo account for trading, available funds in the account at least was usually the numbers are very large. Indeed, using a large fund does not hurt, but with big fund is different when using a real account karna will be greater the risk of loss, while the virtual money that likely will not make a trader feel responsible if a loss so it is feared will carry over if you later trading using Real account.
Similarly, a brief article about using keuntamaan learn forex demo account, to open a demo account there are a lot of forex brokers provide services such as trading with a demo account broker FBS, OctaFX, Instaforex, XM and many others, please choose according to your liking. Profit greetings, good luck.