Does it cost any money to use a forex demo? - page 3

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Demo trading account should be completely free in my opinion and you shouldn’t pay a fee for it.
 

Demo accounts are totally free, that’s the whole point.

 
onmyown:

It does - because it makes you falsely confident

Better to use a couple of $ live account and lose it (and feel the loss) then to use a demo account. That way you will know that a loss is final and that you have to pay for the loss

Good answer demo accounts certainly can "cost" you in false confidence. I'd still say demo accounts are the best way to learn in an authentic trading environment without risking real financial losses. 

Make sure you practice with an amount that reflects your actual capital; if you start off pretending to be a zillionaire it's not going to help your game in a live account. Then demo, demo and demo some more until you've got a tried and tested profitable system in place and you may be ready to take the stabilizers off your bike :) Another good tip would be to demo with just one major currency pair, as it gets a bit complicated if you're knee deep in weird pairs with less visible patterns.
 
mlawson71:

Demo accounts are totally free, that’s the whole point.

Yes demo account free of risk, and if any trader willing to spent time in demo account until they finding profitable strategy and system trading this is better as early preparation before investing real money on real account
 
Demos are free but you'd be better off using a micro account and using 0.01 lot per trade. That will give you a better feeling of what it is like to trade Forex for real
 
MikeyMousse:
Demos are free but you'd be better off using a micro account and using 0.01 lot per trade. That will give you a better feeling of what it is like to trade Forex for real
Yes micro account or cent account we can start with deposit small money, even ten dollar for learning purposes also good and start using lowest lot size, if can discipline also will good for learning trading and if fail assume as cost for learning
 
buzzfxbroker:

Good answer demo accounts certainly can "cost" you in false confidence. I'd still say demo accounts are the best way to learn in an authentic trading environment without risking real financial losses. 

Make sure you practice with an amount that reflects your actual capital; if you start off pretending to be a zillionaire it's not going to help your game in a live account. Then demo, demo and demo some more until you've got a tried and tested profitable system in place and you may be ready to take the stabilizers off your bike :) Another good tip would be to demo with just one major currency pair, as it gets a bit complicated if you're knee deep in weird pairs with less visible patterns.
Well said :) Pretending to be a “zillionaire” can affect your future thinking and not going to help when moved to Live.
Demo’s are good at some point but they are not giving you clear view of the slippage or the real execution speed. But still recommend them to get rough idea of how this market work.
 

I agree. Trading on a demo account should reflect how one would trade on a live account as closely as possible, including the sum you’ll have available to trade with.

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