Oleg Papkov - Available about Forex trading in Russia

How to choose the right demo account?

Forex demo account and the importance of knowing its internal characteristics.

Below is a chapter devoted to analyzing the characteristics of accounts and how to determine them.

Many brokers have demo accounts where you can practice, arrange a demo trade, that is, work out any strategy or just watch the movement of the chart, the movement of the indicator lines, the interaction of indicators, their fine-tuning. That is, a demo account is like a polygon where you can try everything on virtual money that you can’t try on a real trading account on real money.

I will immediately make a reservation that there are very important points. If you have already selected a future real account with real money according to any criteria, then your demo account should match the real account as closely as possible. According to the characteristics, internal parameters and parameters of the selected currency, currency pair” attached” to this demo account. You should know what the differences are between a demo account and currency pairs to it, from a real account and currency pairs to it in terms of characteristics and parameters.

For example, on a demo account and a currency pair, there is, for example, an parameter such as the value of the maximum approximation of order prices to the exchange rate at the moment, can be zero on the demo and currency pair. On a real account, this parameter is probably different and has some value other than zero. And this is very important in real trading. And, depending on which strategy you are going to use: either it is a pip or scalper strategy, or even a medium-term one, this parameter can be very important. That is, the distance closer to which an order can be placed on a demo account, but not on a real account.

Another such parameter is the freeze level. That is, these are the nuances you need to know.

If you go to the page “characteristics of accounts” I have told, as if Info_master the EA run on a demo account or real account, you can by clicking on the “Info” button to see all the features of the selected account and the selected currency pair, and by switching between real account and demo account, it is possible to compare all characteristics. On the same page (https://forexolreal.ru) you can download the Expert Advisor.

In order to trade on the Forex market, you need to accurately and scrupulously know the characteristics of the account and the selected currency pair. Know what the broker forbids you, what sets big, what sets small. You need to know this so that these nuances in real trading do not come out in monetary losses.

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