Brain dead
Newbie
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Hello,
Last week I opened an account at Spreadright, but decided to make some investigations on spread betting before sending any funds to start trading. Well, actually Spreadright wants me to send AN ORIGINAL UTILITY BILL and copy of my passport and after that they are able to open my account. I've been wondering for some time this utility bill-thing. Is this the only way in England (USA also) to check where a person lives? I am from Finland, and sending some bill written in Finnish to some foreign company just to verify what is she/his home address sounds absurd.
I'm not interested about a credit account, so why Spreadright wants an utility bill in every cases, but eq. Finspread only if a person wants to open a credit account?
To the main question, finally.
I have demo account at Capitalspreads and I have made 15 trades mainly EUR/USD-markets. 14 trades I have closed with a profit and 1 FTSE trade I closed plusminus zero. So, no any losses. What is the true story behind demo accounts. Are those demo accounts just a way for SB companies to get more suckers into this SB and when live trading starts you a far from easy money? I just can't believe that I would be so damn good trader if I was betting with a real money.
What are your demo account vs real account experiences? Was it easy to win with play money and profits went down after you started to bet with your "hard earned" cash, or what?
Last week I opened an account at Spreadright, but decided to make some investigations on spread betting before sending any funds to start trading. Well, actually Spreadright wants me to send AN ORIGINAL UTILITY BILL and copy of my passport and after that they are able to open my account. I've been wondering for some time this utility bill-thing. Is this the only way in England (USA also) to check where a person lives? I am from Finland, and sending some bill written in Finnish to some foreign company just to verify what is she/his home address sounds absurd.
I'm not interested about a credit account, so why Spreadright wants an utility bill in every cases, but eq. Finspread only if a person wants to open a credit account?
To the main question, finally.
I have demo account at Capitalspreads and I have made 15 trades mainly EUR/USD-markets. 14 trades I have closed with a profit and 1 FTSE trade I closed plusminus zero. So, no any losses. What is the true story behind demo accounts. Are those demo accounts just a way for SB companies to get more suckers into this SB and when live trading starts you a far from easy money? I just can't believe that I would be so damn good trader if I was betting with a real money.
What are your demo account vs real account experiences? Was it easy to win with play money and profits went down after you started to bet with your "hard earned" cash, or what?