Demo accounts are a vital resource to not only newcomers to trading, but veterans also, testing and trailing new strategies. Your demo account allows you to have the full experience of live trading without the risk factor.
The only major difference between a good demo account platform should be, that you are not dealing with real funds. As well as that entries are always instant, regardless of liquidity.
As your demo account simulates a live feed with genuine market prices and movements, it allows you as the trader, to develop and practice your strategies without running the risk of losing real cash.
A demo account is where a trader can trail different lot sizes, spreads, and entry and exit strategies.
Demo accounts relieve the mental and phycological stress of trading as there are no risks involved. However, this has its negatives aspects also. Without the risk of real loss, new traders can often be overwhelmed when switching to large live accounts, as the demo account does not provide the phycological training required that prepare a trader for the mental strains of live trading.
It is recommended that once a successful strategy has been developed on the demo account, to trail it on a relatively low-risk live account. Allowing you, the trader, to executed a well-developed, trailed strategy into a live situation where one can learn to efficiently deal with the real emotional impacts of winning and losing trades.
BlackBull Markets uses the MT4 system, which offers users a seemingly identical demo to live experience. Our demo accounts provide our users with an easy to use, stress-free environment, providing the ideal training environment to develop and refine your trading strategies.