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How Long Should You Demo Trade Forex?

Paulsy

Well-known member
Answers to this question vary from person to person. According to experts say, it usually takes approximately one or two months for beginners to become proficient with trading platforms before they begin to trade actively. However, you can take as much time as you need until you feel ready.

The problem is, in most cases, traders spend too much or too little time on demo accounts because they are unsure when to switch to a live account. While practising in a free demo account is great, it won’t bring you any real-life profits. In order to turn your practice and knowledge into actual profits, you must open a live Forex trading account.

Opening a cent account could be a good choice for novice traders who are interested in learning more about forex trading and experiencing the real market without risking significant funds. To put it simply, a Forex cent account enables you to trade with smaller transaction sizes than regular accounts since it is measured in cents. That is, 1 USD = 100 cents.

What do you think?
 
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