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Admiral Markets Demo Account: Learn to Trade Risk Free

A risk-free demo account is the best way for a beginner to learn how to trade the financial markets. The Admiral Markets demo account simulates a real account and has all the features of a live trading account. However, the difference is that you don’t need to fund the account. In other words, you can’t withdraw your profit, and losses won’t affect you. Admiral Markets offers a demo trading account where you can trade forex, shares, indices, and CFDs.

Admiral Markets Demo Account Features

Available on any device 

Customers can access the admiral markets demo account login on various devices. This includes iPhone and Android phones. Admiral Markets offers MetaTrader 5, MetaTrader 4, and MetaTrader WebTrader trading platforms.   

Live market experience 

Admiral Markets uses STP technology that allows customers to trade live market conditions. Since the platform is a regulated broker, you can leverage its reputation and business practices. Apart from this, there is a customer service that offers social media and global phone support.

The demo account has everything you would find on a real account. This includes charts, quotes, indicators, pending orders, lot size, margin requirements, etc. As a result, you can test various strategies without concern about incurring a loss. 

Free market data and real-time news 

A section of the demo account is dedicated to providing free market data and real-time news. With this, traders that rely on fundamentals and news events to plan their fundamental analysis can take a cue before placing their trades. You can also use it to stay on top of global news activities as it concerns trading. 

Available for 30 days 

The Admiral Markets forex demo account is available for 30 days. During this period, you can open as many trades and positions as you want. Rest assured, you can always open a new trading account if your current account expires. 

Pros and Cons of Using a Demo Account

All financial market traders should use a demo account before opening a real account. The reason is that it allows you to get a feel of what trading entails and various broker offerings. You can practice your trading skills, all without putting your capital at risk. 

Pros 

  • Risk-free trading: You don’t risk anything with a demo account. The most vital ingredient for success is practice. A demo account will help you learn and practice trading until you are confident in your trading skills. 
  • Opportunity to familiarize yourself with a trading platform: most brokers use the MetaTrader platform. The platform is available in various versions but not all traders are comfortable with using them all. Admirals offer MT4, MT5, MetaTrader WebTrader, and MetaTrader Supreme edition. Therefore, you can test each of these platforms to understand how they work so you don’t experience panic with live trading. 
  • Emotion management: you can use a demo account to test how to open, modify, and close trades. Not only this, but it is useful for setting stop loss and closing profit. All these are crucial to emotion management, and emotion is the most crucial element to being a profitable trader. You can practice on a demo account to know how you’ll deal with winnings and losing streaks to prepare yourself for a live account.  
  • Create and test strategies: a demo account grants access to tools and indicators you can use to develop your trading strategies. For example, do you want to trade price actions or indicators? The only way to decide is after getting enough practice. You can test new strategies on the Admiral Markets demo account on the admiral app and use its many features to your advantage. Check here for our article on the Admiral Markets app.

Cons 

  • The biggest and possibly the only downside of a demo account is that it is NOT a real account. As a result, there is a limit to how much the environment can condition your mind. For example, there is no consequence of a bad judgment call. Therefore, a trader can still get away with bad trading habits and throw all caution to the wind.  

How to Open an Admiral Markets Demo Account

  1. Create an Admirals demo trading account 
  2. Download the trading platform 
  3. Log into the MetaTrader app or install its supreme edition 
  4. Place your trade  

Conclusion

The Admiral Markets demo account is a great way to start learning how to trade, without risking your own money. When you are ready to move on to a real account, remember that you can start only with a minimum deposit.

If you're not sure Admiral Markets might be the right fit for you, read our review first.

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