a demo account. You should always have a risk/reward ratio before entering the position, typically 2x or higher. Your money management will also be affected by your mental state and whether or not you respect your trading plan. This time you have decided to move to a real money account! Yet, you can often observe differences in terms of liquidity, slippage or latency depending on the broker youre using, because a demo account cannot completely simulate the supply/demand aspect. You can trade micro-lots (0.01 lots) with OctaFX. Your emotions will make all the difference between the performance of a demo account because its not your money and the performance of a real account.
MetaTrader, provided by Met"s Software Corp, is one of the most well-known trading platforms. A demo account is the best way for newcomers to explore trading. Is a software development company and does not provide investment or brokerage services. Reminder : Market Liquidity is the term for buying or selling an asset without triggering major changes in the assets price. Once again, you should use the information available from your broker on margins, spreads and commissions. Choose your course NOW AND start learning forex today! This liquiditys depth cannot totally be simulated in a demo account if a lot of traders suddenly want to buy USD and sell EUR for example. Try to avoid trading in market conditions you dont know, such as trading news, which causes high volatility and lower liquidity. To better understand the main differences between the MT4 and MT5 platforms, I recommend you read our previous article: MetaTrader 4 vs 5 Which One?