Have a try
As a rule, inexperienced traders start trading on a demo account as this provides the opportunity to gain a basic understanding of the market, get to know the MetaTrader 4 trading terminal and try to make profit with absolutely no risk. Everything that can be earned is in fact virtual. Therefore, when you have got an idea of the market and are sufficiently familiar with the trading system, you can try trading with an actual account but with small lots. Through this the risks are significantly reduced but you still get an idea of how it feels to earn real money! If you have absolutely no experience of using the terminal and are not completely familiar with how transactions are completed and profits are achieved, there is no doubt that you should take the first steps in trading with a demo account. And bear in mind that trading on the financial markets always has associated risks.
In line with our company regulations, where inappropriate account entries are made, opened accounts are automatically deleted by the system within three days after registration.
A demo account with the correct contact details is valid for an unlimited period on the condition that the account holder completes at least one business transaction in each period of 60 calendar days. Accounts that are not accessed for 60 days or longer are blocked. There are no limits on the virtual financial resources filling the account. A demo account helps anyone who needs to collect trading experience and try out the associated equipment and systems.
If you have any spare time left over, we recommend you access reading matter regarding information about the advantages and disadvantages of trading on demo accounts.
It is often the case that demo accounts are opened by traders who are already trading and want to try out working on a demo account before actually selling. This practice clearly has disadvantages: judging a demo account by sales from a live account is not useful as these are two completely separate worlds.
The first distinction is its technical nature: trading servers are under continual monitoring by an experienced team of specialists who ensure that the server and programmes run smoothly.
The second distinction with trading over a demo account is the psychological aspect: you are trading with virtual money and therefore it is possible that you are subconsciously not taking the trading entirely seriously, whereas sales on the financial market require a deliberate and considered approach. That does not mean that it is particularly difficult to trade there, but it is crucial to proceed at a reasonable level. Facets of the human psyche are obstacles to gaining profit from trading with real capital goods, and for precisely this reason it is better to start with very small lots and lower amounts, but with real money.
A further important distinction between completing transactions on a virtual as opposed to live account is the speed with which the positions are opened. On the demo account, everything happens more quickly and at the rate that you have chosen; this looks very different however in real life. There is the concept of opening rates, but this is really only a term and there is no distinct definition or mathematical formula for the opening rate; rather it can differ from business to business. Where there are large-scale price fluctuations, a “gap” can evolve. This happens when a subsequent quote differs greatly from the previous one. In this situation, the order in the demo account is implemented at the rate given, whereas in a live account this takes place at the opening rate. In a demo account there are practically no examples of the investor receiving a new rate. This in fact because the rate determination for the demo account is carried out by a computer on which a sufficiently large tolerance is set for deviation in the current rate. On the other hand, in a live account traders closely follow the considerable deviation of the ask price relating to the actual market quote at all times; this in no way means that they are working against you as it might seem to a novice. Rather, this is a recognised approach in financial markets.
Trading by means of demo accounts has advantages and disadvantages. The advantages include getting to know the terminal and the chance to test your own ability as a trader on the financial market without the risk of financial loss, but for this loss limitation you have to pay very differently as compared with trading with real money.
The disadvantages include the fact that you will encounter some difficulties when you have been trading with a demo account for some time and then begin to become active with your own money: it will be difficult to change to real sales. When working with a demo account, you have not risked any of your own money and this attitude automatically migrates to real trading where losses cannot be taken as lightly. If you are used to trading with a demo account, it will be difficult for you to start trading with a live account due to the differing transaction processing. This can lead to disappointment as in a demo account it is sometimes the case that everything goes better than in real trading. And it is possible that you will then start to shift responsibility for everything to the traders, the company and its rate fixing, the type of order processing implemented in the company and the infamous “opening price”.
The final decision about how you wish to proceed always remains entirely your own. We have purely tried to present you with both the advantages and disadvantages of virtual trading.