You must have heard of this, but I feel like reiterating.
Personally, I find there is a lot of difference between demo and live account. Psychologically it's not the same at all.
The funny thing is, I turn a 500 euro to nearly 16 000 euros in 5 days, with 1:500 leverage. Once I achieve more 5k and above, my trading style change and I can hold longer.
With a live account, I freak out. I can't read chart anymore, each time I enter a position I only pray that I can at least break even.
When I have a losing position, I try to wait till the market turns to my favor. Well, you know what happen, I close the losing position at high losses.
The stress level is completely different. Actually now I don't know whether is it the demo account that has affected my trading style
or I was just lucky with my demo account.
Perhaps my advice would be, only play demo with the same amount of money you have in your live account.
But here's the thing, when the demo account has increases too much, you kinda feel like they are 'real money'.
Having both demo and live account on my monitor really sucks. Such a contrast lol.