Post
Topic
Board Trading Discussion
Re: Demo account
by
doomloop
on 17/05/2024, 05:28:41 UTC
There is something I understand about trading, that the beginners should not just ruch into trading because they see something on socials, the beginner's should understand how it works first before they start trading, that's why we have the demo account, try it with demo account first with that you will understand how it is, then you can stick any amount of money you want, thank you.
Yeah, most beginners make the mistake of rushing into the market and starting trading without any knowledge or understanding of what they are getting into and what can be the consequences of their actions. They don't understand that knowledge is the first step they need to take before they get their hands into actual trading because you can't achieve success if you don't know something you are getting into.

Demo accounts are useful, especially for those who have already done a lot of research and learning but are still unsure of their skills and understanding of things such as candlesticks, indicators, etc. They can use demo accounts to practice trading before they start trading with real money, this will give them an idea whether they have learned everything and can start trading or they need more practice.