Demo or real account: where to start trading?

When you start trading, a question often comes up: do you have to start directly with a real account or train on a demonstration account?

Many beginners want to trade immediately with real money, thinking learn faster. Yet this approach can be costly.

In this article, discover the differences between a demo account and a real account, their benefits and how best to progress.

What is a demonstration account?

A demo account is a training account.

It allows trading with virtual money while using the same tools as a real account.

You can:

• discover the platform;

• learn to make orders;

• test a strategy;

• understand market movements;

• develop your confidence.

The main advantage is that no real loss is possible during your learning.

What is a real account?

The real account allows you to trade with your own capital.

Gains and losses are real.

It is also at this point that the psychology of trading becomes very important. Emotions become much more present when personal money is at stake.

Why start with a demo account?

The demo account avoids many frequent errors:

• learning directly with real money;

• discover the platform in full session;

• test a strategy without preparation;

• take unnecessary risks.

It is an excellent step before the real account.

When to go to the real account?

Switching to the real account is often more relevant when you:

• understand the operation of the platform;

• have a trading plan;

• apply consistent risk management;

• have some regularity on your demonstration account.

There is no ideal duration. The important thing is to be ready.

Errors to avoid

• Consider the demo account a game.

• Deposit significant capital from the beginning.

• Constantly changing strategy.

• Ignore risk management

Conclusion

The demonstration account is an excellent tool for learning in good conditions.

Although the actual account is an important step, it is preferable to access it with a clear method and good preparation.

Trading is a course. Each step counts

Start your apprenticeship for free

Want to learn step by step trading?

Just follow these two steps.

Step 1: Create your trading account for free

Start by creating your account at one of our partner brokers.

You can use a demonstration account to follow the training exercises at your own pace.

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Step 2: Register for the Bono Trading training for free

Once your account is created, join Bono Trading for free.

You will learn in particular:

The basics of trading

Technical analysis

Risk management

Trader Psychology

How to build your own trading plan

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