I prefer demo trading when I have learnt something new. I believe that it’s best to test your newly learnt knowledge before applying it to the live market which can save you money in return.
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We can easily learn trading with the help of the Demo accounts.Everytime I learn something new, I first backtest it on a demo account to see how it works and then apply it to live trading. So, in this way it helps me to minimise losses in trading.