What to choose for training – demo or cent account?

To test a new strategy or simply explore the technical aspects of trading, there's no need to immediately risk large sums. It's best to use a cent or demo account for these purposes.

Each of these accounts has its own advantages and disadvantages and is designed to fulfill specific purposes, so it's important to use each option appropriately.

A demo account is used solely for practicing technical trading skills in the trader's terminal. You shouldn't expect it to teach you how to trade on a real exchange.

The main drawback of a demo account is that there's no risk, even minimal.

Many traders who successfully trade on demo accounts quickly lose their deposits on real ones, the main reason for this is a different perception of reality. It's one thing to use real money and quite another to splurge on virtual millions.

Cent accounts are a different story ; trading properly on them is only possible with a deposit of a few tens of dollars; any smaller amount significantly limits the number of available strategies. This is real money, which is a shame to lose. The trader fully experiences the joys of trading and receives excellent preparation for trading with a substantial capital.

Therefore, it's best to first learn all the ins and outs of the trading terminal on a demo account, and then use the cent account, which serves as the primary training ground for a beginning trader. Jumping straight to trading on standard accounts is highly discouraged.