To enter the world of CFD and Forex trading, you need to open a real account so that you can trade live and feel the exhilaration of being part of the largest financial markets in the world.
A real account allows you to use your risk and money management skills and, at the same puts you into the world of earning real profits. Too many traders fall into the psychological traps of demo accounts as you are not so cautious when you have nothing at stake, and before you understand it, you jump into real money trading and make mistakes.
Prior to trading with real money, it is essential that traders – especially those who are new to the financial trading arena – have a thorough understanding of how the market works.
For this reason, SNP-500 offers educational tutorials and other resources that will assist you in being more comfortable with trading. Of course, you can practice on our demo account.
Be sure to stick to the money management guidelines also when you only trade for small amounts of real money. Do not make trades with your whole balance. Set yourself a limit such as two or five percent of the account balance that you invest in a single trade. This way, you can gain plenty of trading experience, even if you are unlucky and lose money in the long run.