It seems to be easy because the trader is under no pressure or stress to loose his money.
Risk is least.
Risk is least.
Oct 21 2020 at 12:37
Michihito posted:
@marco_mmbiz Every trader behave differently when it comes to shifting from demo to live trading. Yeah other problems are there but mindest or controlling power of emotions is the deciding factor in trading.
If you don't have the correct mindset for your own trading style then it doesn't matter if you trade on demo or real. If you change your mindset on a real account you should work on your original mindset then.
patience is the key
It is always better to have a clear position and already correct it based on the trading situation.
Oct 21 2020 at 14:26
marco_mmbiz posted:Michihito posted:
@marco_mmbiz Every trader behave differently when it comes to shifting from demo to live trading. Yeah other problems are there but mindest or controlling power of emotions is the deciding factor in trading.
If you don't have the correct mindset for your own trading style then it doesn't matter if you trade on demo or real. If you change your mindset on a real account you should work on your original mindset then.
I totally agree! And there are many people trading with real accounts who still use demo accounts to test their methods.
Oct 22 2020 at 02:36
UweMoench posted:
You do not have to worry about losing your money when you are demo trading. your demo account does not demonstrate to you industry standards to manage the sentiment fear. That's why you remain emotions while in demo. But when you come to live trading from demo trading, you brings emotions (the fear of losing and greed more more profit) with you. That's why the result between demo and real account is not the same.
a demo is a perfect place where we can see how the strategies work , You do not have to worry about losing your money when you are demo trading
I would say that a demo account is the final stage of your training and preparation before real trading.
Cruz45 posted:
It seems to be easy because the trader is under no pressure or stress to loose his money.
Risk is least.
Absolutely. The real struggle begins when our own funds are involved and emotions intervene.
Oct 22 2020 at 07:43
Because demo trading has no consequences.
Oct 26 2020 at 05:16
It is easy to use a demo because it is not the real thing and does not involve any money or actual risk. It is for practice and for traders to learn how trading works in real.
Oct 27 2020 at 09:54
Because demo trading has no output you are not trading on real money
