It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything.
Emotional decision in trading leads us to havoc. Like after a loss people open revenge trade to recover the loss quickly even of it doesn't show any trade set up. We need to calm and cool while trading.
Nov 25 2020 at 17:14
That’s right. Trader often fail to execute their perfect trading setup due to emotion. That’s why trading psychology is important in trading.
At the demo you can definitely afford the emotions. This is true. And without consequences.
Laige posted:
At the demo you can definitely afford the emotions. This is true. And without consequences.
Yes, because you obviously realized that the money are not real in demo account so you are not that scared about losing money as compared to live account
Dec 01 2020 at 13:55
Michihito posted:The best way to deal with emotion is investing small capital and try to master your emotion.
Emotional decision in trading leads us to havoc. Like after a loss people open revenge trade to recover the loss quickly even of it doesn't show any trade set up. We need to calm and cool while trading.
Demo is a great modern tool, which helps to understand trading and get used to correctly assess the situation.
And it is available always and everywhere.
And it is the best feature of modern trading.
And it is available always and everywhere.
And it is the best feature of modern trading.
Dec 24 2020 at 08:46
Demo or main account...
You should always stick to the format, as if your money is now key.
This helps to achieve discipline and self-motivation.
You should always stick to the format, as if your money is now key.
This helps to achieve discipline and self-motivation.
Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.
Jan 05 2021 at 06:49
Yes, I agree. Real accounts do hold some sentimental and monetary value as compared to the demo accounts that are just for practice and testing.
Fabiandelph842 posted:Exactly. Real accounts hold your actual money so you are easily scared when you are making losses as compared to demo account which you had your mindset thinking that your money is not an actual.
Yes, I agree. Real accounts do hold some sentimental and monetary value as compared to the demo accounts that are just for practice and testing.
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