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Live support Contact us Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice.
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Looking to Try Social Trading? Use our tips to perform better. Demo Account VS Real Account Many traders have noticed their performance differ significantly when they make the switch to a real account.
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These demo accounts on various platforms allow the newbie trader to learn how a real account functions, without the fear that they could lose all of their investment. In many respects, practice accounts are almost the same as the live accounts in most areas. Gains and losses are with virtual money although they are the same as though trading with a real account.
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By Cory Mitchell Updated Mar 15, It is crucial to learn how to use the features of a forex platform before you start trading on it. Fortunately, traders can test out each platform using a demo account, which means no real money is at risk. Here, we'll discuss the importance of demo trading and let you know what you should look for when trying different platforms. Key Takeaways Every platform is different, so even experienced traders need to learn how they work before trading with real money.
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Read full review Study the Trading Platform The demo software allows you to familiarize yourself with all the characteristics of the platform you are testing and determine whether or not you are comfortable using it and whether or not it is intuitive to you personally. Selecting the Right Broker A Google search for Forex demo accounts will provide you with hundreds, maybe even thousands of choices of brokerages that offer this service. Clicking on anyone of them will likely take you to a page of their website that explains exactly how to open a demo account and how that demo account will work.
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