Demo account plays huge role for us, as we can figure out good strategy and then transfer it to real account. I believe that demo account can be seriously boring for obvious reasons, but sometimes we need to go through struggle and difficulties in order to figure right road, if we are not doing that then we will either struggle or eventually lose. I am very lucky to work with OctaFX broker, as they never let me get bored, it is thanks to their demo contest especially Southampton Supreme demo contest, it is very special having prizes above 1000 USD while the duration is just 90 minutes, so that’s what makes it so exciting and interesting for me or any new comer.
The role of demo is basically to help us learn things easily but I guess it’s pretty boring and dull which is why we never find new comers sticking with it for too long. I am saved by Nova FX broker with their 200 USD free welcome bonus offer, it is perfect way to begin and I can use it like demo given that I lose nothing from my pocket in worst scenario, so that’s why this is definitely the easiest way to deal with things and helps me a lot.
Demo account basically play the role of guiding traders especially new comers, it helps us to perform freely without fear of losing money. It also helps us to express our self freely which is obviously not possible with real account with investment, so that’s why demo account makes things so much easier for us.
I find it easier to practice with having OctaFX broker with my side since they have got outstanding Champion demo contest where I can practice and also have dreams of winning some money that can definitely be great to start up with real account especially with prize that is up to 1k for winners while even if we don’t win the contest then also we will get the experience that is highly useful!
There is no doubt that the practice in the demo trading is very important for the newbies traders because if you have the good practice of the trading then you will understand the forex trading well so the need is that you will practice more and get more training to know the system well and i think if you understand the system well then you will get the success in the trading.
As we know the saying, practice is the best way of learning and gaining experience. So Demo account is important for both newbies and professionals. Newbies need demo account to learn, gain experience, test knowledge and to use it to test different trading platform of different forex brokers before depositing money for trading. Professionals makes use of Demo account to test different currency trading plan and system with out risking there own money.