Demo can not make you well experienced
Dec 19, 2022 at 08:18
FredJones posted:I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
Membre depuis Nov 29, 2022
posts 40
Dec 29, 2022 at 05:57
It is true that demo trading can be a useful tool for new traders to gain experience and for experienced traders to test out new strategies. However, it is not perfect ; demo trading does not fully replicate the real trading environment and psychology plays a big role in live trading, which is missing in demo trading, so it is important for traders to be aware of this limitation and to be cautious when transitioning to live trading.
Dec 29, 2022 at 08:27
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
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