"What is a demo account" is one of the questions answered at http://www.planbtrading.com. A demo account offers a "try before you buy" approach to trading with a broker. Many brokers use Metatrader 4, which means you need to install this software from your chosen broker as part of creating a demo account. You can choose how much virtual money to use and the currency in your virtual account for virtual trading. But it is not real. "What is a demo account" also looks at some of the negative aspects of demo accounts. Sure, you won't lose money, but you won't make any either. "What is a demo account" links real money to emotions and behaviour. Without real money, emotions and behaviour will both be different. "What is a demo account" also shows how some people never make the transition to real trading, either through fear, or an addiction to their demo account. "What is a demo account" explains how you still need real strategies, plus an understanding of trade sizing and risk management before you should even consider trading. A demo account is no substitute for training. You either know what to do or you don't. During each Plan B training course, you gain experience trading the markets through live trading in a real trading account. You can find out more about our training and coaching programmes and you can book your place on a public class at http://www.planbtrading.com. Alternatively, call +44 203 603 4983 to have a chat about your trading education requirements or to discuss coaching with a trader.
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