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Before choosing the broker they should at least do some research because broker selection is really becoming hard these days.

A minimum of six months should be invested in trading a demo account for accuracy and precision in my opinion.

Using higher leverage can claim higher damages too so it should be kept low in start as it can be adjusted over time.

Everyone has their own trading style and we ourselves need to figure out which trading style suits our personality needs.

Yet this advise is not for the new traders because they can get lost during the volatilty of markets so they should go for longer term trades instead of short term trading.

I can only say peace for the whole world because we already been facing pandemic then war and not sure whats next.

You also have to be a professional trader for scalp and a zero spread trading account in my opinion.

Still i would insist on reading the bonus terms and conditions before availing them or otherwise it becomes really hard getting at the required threshold to return the amount or withdraw.

At least trade a demo account for a minimum of six month and if you are learning / developing your skills then you should only stick with a demo to learn how the markets work.

You mean back testing your strategies on a demo account before implementing them live then i agree with you.

Yeah that would become another popular contest for this year similar to their old contests i believe.

That's true, they should in fact trade a demo account with virtual funds and learn first before risking their own capital. If they lose on demo they actually will not lose anything but gain experience.

The only key is practice and learning which eventually takes some time but unfortunately many of us does not cater learning the skills which are needed to make money in forex.

Obviously but not limited to one single broker you mentioned here. Demo accounts are used to learn forex trading processes more easily than any other sources in my opinion.

Yup we can gain experience by taking advantage of broker's virtual funds so even if we lose the trade we lose nothing but learn experience in return.

Also we can use the stop loss so that the odds move against us we still have a chance of cutting our loses earlier.

Same here and i will continue with the MT4 till the company announce its closure.

One the broker is tested thoroughly using the demo account we still have to test other processes like withdrawal etc which can not be tested on a demo so always start with small to test these processes before depositing huge junks to any broker in my opinion.

The demo accounts are best to test any broker's processes without investing any money with them. It has actually many benefits which a new trader can count on like testing a broker without being getting scammed by depositing money to any scam broker. The new traders can learn forex trading...

First learn in the beginners level, use a demo account and trade it to understand how market works. Do not go live in start or else end up losing money and losing money mean exiting the markets.