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Demo Trading Account
Who is the Demo Trading Account For?
The Daman Markets demo trading account is simulated trading environment where you can trade up to $100,000 in virtual funds without the risk of losing real money.
Our demo account is perfect for complete beginners looking to learn how markets work or those with more experience looking to refine their strategies. The Daman Markets demo gives you full access to the MT5 trading platform, real-time market conditions and the ability to practice trading with confidence. Register below and start trading risk-free.
Demo Trading Account Benefits
Practice Strategies
Discover The Markets
Get hands-on experience with MT5 and test our advanced tools for yourself.
Explore the Platform
Get hands-on experience with MT5 and test our advanced tools for yourself.
Track Your Performance
Making the Most Out of Demo Trading
To get the most from demo trading, treat it with the same seriousness as you would as a live account. Follow your risk management rules and avoid impulsive decisions. It’s also good to keep a detailed trading journal, logging your entries, exits and the reasoning behind them.
Most importantly, you can use your demo account to expose yourself to a variety of markets and market conditions. That way, you’re not just testing strategies, but training your mindset for real-world trading scenarios. The skills you build here can lay a strong foundation for a confident switch over to live trading when you’re ready.
USOIL
BTC
XAUUSD
EURUSD
Switching from Demo to Live
Deciding to move from a demo account to live trading is a pivotal step in any trader’s journey. The right time isn’t determined by a specific date or number of trades, but by the consistency, discipline, and confidence you’ve developed during your practice.
A strong indicator of readiness is consistent profitability. If you’ve placed at least 50 trades and can sustain those results over several months and across various market conditions, your trading approach likely has a reliable edge.
It’s also essential that you’re emotionally prepared. Losses are part of trading, and being able to absorb them without deviating from your strategy shows you’ve built the mental resilience necessary for live environments. Equally important is your approach to risk. If you have a clearly defined method for managing position sizes, setting stop-losses, and controlling daily exposure, you’re demonstrating the discipline that real-money trading demands.