Forex Demo Account MT4 Unlimited is Not Advisable

Forex demo account MT4 is very useful when learning how to trade forex. Do not use unlimited account. It is best to use demo trading account because in demo trading account, we can learn how to develop forex winning strategies along the way.

When we found reliable strategies, we are now ready to use Forex Demo Account MT4, because we are confident. But mind you, trading demo account is easy compare to trading live balance or real money.

Because the emotions you can feel is very different when you use both Forex Demo Account MT4 and live account.

Forex Demo Account MT4 Unlimited is Not Advisable

Why it is not advisable to use unlimited in studying and developing forex trading skills? It is simply because, using unlimited balance will not give you a proper mindset and you can’t learn how to manage you money management skill in trading.

Try to use small balance as if it is the balance you intend to use when you go live trading. $1,000 is quiet okay when you learn forex. But if you want to learn, try to have a Forex Demo Account MT4 not Unlimited balance (but at least $200 only).

There are best forex demo account you can apply from different brokers, but of course be sure you only register to the broker you intend to fund when you go live trading. When you download the MT4 Metatrader trading platform in mobile, the MetaQuotes will give you huge balance in your demo account. Register to your preferred broker is okay.

What can you say about using unlimited balance in your Forex Demo Account MT4? Do you think it is wise and ideal to have at least only $200 virtual money to use while learning how to trade and develop trading strategy? Or do you prefer unlimited account balance? Let me know your opinion in the comment box below. Happy trading!