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For a beginner the most beneficial account is the demo account because they can learn the basics of forex trading through that account. A beginner should trade in demo account for at least 4-6 months so that he become familiar with each and every term of forex.
The second account that is good for a beginner is the account that has no deposit bonus offered by many brokers.
The third account that is good for a beginner is the account that gets it funds from bonus for posting like our account in which we get our bonus from this forum.
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No doubt demo account is the best account for newbies for learning the basics of forex but after demo they should not open a standard but they should open a cent account because in cent account we don't have more chances of loss due to small lot size.
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Quite right, and the best place to do this is on a cents account. The cents account allows you to trade live using a small deposit but giving you the feeling of trading with large amounts of money. The cents account gives you the opportunity to master your emotions in trading.
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all broker house in forex market have some different accounts system but i think for newbies is the best for trading cents account and it might be demo also. if newbies or beginner trade 50000 $ i think they should not learn properly forex trading because newbies entry for this account maximum time lot size -8 so they could not realize the real forex business.so i prefer to newbies trader cent account.
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naye logo ka liye mere hisab se instaforex contest demo account sabse aacha hoga.keu ki contest balance bhi ek demo balance ha jo practice k liye accha hai.then wo experince hasil karne ka bad real trading join kar sakte hai.
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Demo accounto to learning purpose kay liye hota hay aur us say aap earn naheen kar sakty is liye jab aap earn kay liye account open karo to aap ko sab say pahly cent account hi open karna chahiye.
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I think there is two type of welcome bonus , one is no deposit welcome bonus and deposit bonus and when no deposit welcome bonus offered by many broker then we need to read first term of condition of withdraw profit because sometime there is so much hard term that its become so hard to fulfill such condition.
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you are right i am absolutelly agree with you i think that we should always avoid the risk and just try this in the demo account and you will see what wil happe to you if you are risking its true that you can earn big money but if you steal risk you will lose all what you profit
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if your strategy needs big stoploose then you really have to use cent account to prevent from looses.and a newbie must never open a live account until he will not make good and continues profit from demo account.a new bie can do like this.just open a demo account with 1000 usd and follow your strategy and make it 50000 usd .if you can make it with your strategy then you are ready for cent account .
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Naye logo ke liye practice karna sabse jada jarury hota hay or practice ke liye sabse jada or accha ek he account hay wo hay demo account. without knowledge aap kabhi real me success nahi ho sakenge. or knowledge practice se he ayegi yaneke demo karke.