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Trade
Demo and real account
Demo account is a kind of simulator, which does not affect the financial plan for the human condition in contrast to the real Deposit. Agree, not wise to start trading risking your money, even when there is no knowledge, nor any useful skills that could help us in achieving the goal.
Similarly, a person without a driver's license, can buy an expensive car and decide to learn everything on their own in the city. Too high probability of failure, which would be accompanied by financial costs. Excess losses, which the trader could have avoided is the unfounded and wasteful. To exist demo account to buy useful trading skills without risking their funds, as well as for testing EAS and systems.
Demo vs real
The differences between the two types of accounts is a technical and psychological. As a real account is a complete trading, you can not escape from the run-time operations, because you need to consider that if we want to sell the item, then the system needs to find his at this moment in time I would like to buy.
Requotes, slippage and so on, all this is the inevitable features of a real account. The process of finding counterparty can be done in several ways, but in any case, the trader will face or requotes, or inaccurate processing of transactions.
With demo Deposit the situation is much simpler, as no deal is, but all the orders of the speculator buying and selling the trading instrument is handled without the search company. We can say that the execution of instructions of trader in this case can be generally immediate.
The difference in speed and accuracy of order processing demo and real account will likely notice only the speculators who focus on short-term trade, for example, as. It is for these traders every second of the processing of the order and each item is very important.
Why you need the demo account when there is a real cent account?
It would seem, why do we need demo account, if you have to open a cent account and practice on it? Indeed, their platform nice it is already possible to update them on less than one dollar. Many speculators are now just learning it on cent accounts.
It is believed that, though a small Deposit, but it is real that when trading people will immediately get used to working for money, not for fun. On the one hand, all right, on the other, in this opinion there is an error which belongs to the second differences of real and demo accounts.
This difference is the psychological difference when you work on your capital and if you trade on a demo Deposit. The person is not worried when the risk in trading points demo money, but is very worried about monetary loss.
The fact is that when working on a small account, which was replenished insignificant for the trader amount, I still do not get psychologically closer to the state in which the speculator is at work on a full Deposit. One thing, as experience of a person trading with 1000 USD on account, and another which it feels emotions when working with 1 USD.
So, do not think that you can psychologically prepare for serious work, trading on a small cent Deposit. It turns out that in this case, the psychological pressure on the trader will be the same on real and demo accounts.
Demo, cent, real
It is a reasonable solution may be for the novice speculator mastering the demo account, then when there is some success in trading, the transition to cent Deposit. Makes no sense to spend even a small, but money, while it is impossible to achieve a positive result from the demo.
For a full real option is to pay attention only when the work on the Nickel will be successful. The logic in these action is absolutely the same, because no reason to risk their capital, if not get to make a small Deposit. Consistent use of the account will increase the effectiveness of training and management tools.
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| Category: Forex | Added by: (05.11.2017)
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| Views: 342
| Rating: 0.0/0 |
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