Difference - PRO-FOREX.com

PRO-FOREX.com recommends that all its clients start trading with a demo account before opening a real account. It does not matter if you are an experienced trader in the FOREX market or not, because it's very important to get acquainted with the software and trading procedures via the Internet first, before selecting any trading strategy. The simplest way to learn the system is by using a demo account before opening a real account. xxx 1 xxx 2 xxx 3 xxx 4 xxx 5

Below we'll enumerate the main differences between working with a demo account and a real account.

1. In demo trading your PC will be your dealer, it will always open or close your position automatically according to the current rate. In real trading, one of our professional dealers does it by hand.

2. In demo trading, there'll be practically no delays between your inquiry and offer of the exchange to open or close a position, but in real trading the delay may take 30 to 40 seconds.

3. In demo trading you have no risks, and when your account expires, you can easily add any sum. To do that you should enter the user zone with the help of your account and password (Section "Demo Account").

4. If you use a real account, it may so happen that the market moves while you are closing your position according to a certain rate. In this case your order may be not fulfilled, and you'll receive an offer to close the position according to another (current) rate.

5. One should note that the so-called rubbish quotes (as a rule, these are single bounces for 30 or more pips from current quotes) are accepted by the computer as real ones on a demo account, and therefore they participate in the quote system. In a real account they are ignored.

6. If sometimes you feel that you cannot enter or exit your positions quickly enough via the Internet, you can call our exchange. To place your order via phone you should name your account number, password and the pair of currencies you are interested in. The dealer will tell you the rate in both directions, and after that you'll have about five seconds to make up your mind if you want to buy or to sell. Our dealers will not negotiate; the rate they tell you is the only rate at which you will be able to place your order at the moment.

7. Exchange rates are very changeable, very often the market 'jumps up' or 'falls down' for several pips. For example, between two quotes there can be a five-pips difference. The speed at which you enter your order into the system may influence the rate according to which you can enter the market. This is one of the many factors that influence the results of your trading.

8. The psychology of a player with real and 'virtual' money is different, but it's inevitable.

xxx 6 xxx 7 xxx 8 xxx 9 xxx 10

In PRO-FOREX.com we think that all the traders should act according to a certain trading plan. Before placing an order you should decide at what parameters you are going to enter and exit it. Before setting up these parameters you should think about the answers to the following questions:

How big is the sum that I could risk?
What ups and downs of the rate could I stand?
What are the conditions of the market & is the market changeable or stable?
When will I know if my anticipations and logic in opening the position are right?

But it's not enough just to have answers to the questions. We think that in order to be a successful trader you should make up a distinctive plan and follow it afterwards.

Many people are able to make up perfect plans, but they lack the discipline to realize them. In real trading, when your own money is at stake, sometimes it so happens that emotions prevent you from realizing a possibly absolutely correct trading strategy.

But in the system of demo trading such emotions and mistakes do not occur. We think that this is the main psychological difference between demo trading and real trading, which shows that it's necessary to learn to control your emotions when working with a demo account and transfer this convenience to your further professional activities.

PRO-FOREX.com sincerely wishes you to acquire all the subtleties of trading as soon as possible and successful work in the future.

What is the difference between a demo account and a real account?