Can demo trading reduce risk in forex investment?

[eldavis]

Every forex trading app usually comes with the ability to create a demo account. A demo account in forex trading is different from a live account, with a demo account you can improve your trading skills, come up with more strategies. i personally believe the use of demo account can help reduce the risk in forex trading to some level.

 

[Golden9]

It's a different ball entirely when you are actually trading with your own money versus demo trading. With demo trading, you can afford to lose as much as possible, but that can create anxiety fast when you're loosing real money.

 

[Rubz]

Yes, demo trading can help to reduce risk in forex investment. This is because demo trading allows one to practice with virtual funds reducing the risk of losing real money.

 

[Nite]

Using a demo account allows you to build confidence in your trading skills and helps you make better choices when moving to a live account.

 

[Fidelia]

Demo trading would surely reduce the risks that you would have to face when trading but it is not a guarantee.

 

[Nite]

Demo trading allows traders to practice and familiarise themselves with the platform and strategies without risking real money.

 

[Hate2Wait]

Demo trading is just a way to learn and get better and if done seriously then it can help but not an assurance that you will earn big

 

[Nite]

Demo trading is great for learning and getting better at trading, but when you start trading with real money, you need to be careful and use good risk management techniques.

 

[Hate2Wait]

Demo trading can make you aware of the different possibilities in forex trading but it's not 100% useful and you may not learn about the actual market behavior