Demo account versus Live account

[gcholmes]

Hi there, is there any difference in the demo account and live account, in the way the trading works? Is the demo account still live pricing/markets and you are simply trading with fake money?

Thanks, Glenn

[bigtim92]

Hi Glenn, a demo account does indeed show actual prices, however, you won't experience actual trading conditions. This means you won't experience slippage or requotes, and won't get an opportunity to assess how good (or bad) your broker truly is.

Also, you won't experience the rises and falls in adrenaline that come with trading real money. That's important in my opinion because you'll need to learn to stay on top of your emotions if you are to become a successful trader.

Edited December 9, 2020 by bigtim92

[TheGuru12]

Quote

 however, you won't experience actual trading conditions. This means you won't experience slippage or requotes, and won't get an opportunity to assess how good (or bad) your broker truly is.

What? Prove that....