Demo trading is important, but at the same time the trader must be trading the demo account strictly following the rules of his strategy considering it as if it is a live account.
If a trader simply trades randomly just to make himself familiar with the trading platform, then it is okay. But if he just trades randomly in a demo account and makes profit in demo and thinks he can duplicate the same results in live, then definitely results will vary a lot between demo and live.
If a trader simply trades randomly just to make himself familiar with the trading platform, then it is okay. But if he just trades randomly in a demo account and makes profit in demo and thinks he can duplicate the same results in live, then definitely results will vary a lot between demo and live.
Artificial General Intelligence
Nov 08 2017 at 16:14
astulo posted:
Thanks, @mlawson71 your words give me more strength and desire to further continue...
You're welcome. I am glad I was able to provide some support. :)
Beginners should trade demo account minimum for 3 months for acquiring real trading experience which is very supportive to continue a live trading in a proper way. but they don’t believe the importance of this trading place at all. so it would be better if they start minim live account instead of demo trading.
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)
Good luck! Remember that one thing on live is the pressure of losing real funds 😄 But if you have the knowledge and the strategy - there is no need to put pressure on you. Stay calm, follow your plan! 😄
Accept the loss as experience
Nov 24 2017 at 11:28
Jimmblack posted:
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)
Also:
When going live, trade with microlots and with a small fund. As your strategy is further tested and is consistent with your demo results, then you can gradually add more to your account.
And remember that ALL strategies will have losing periods so don't freak out if you have a losing week / month. A cool head makes many pips!
This work process can be a bit tedious even so following good decisions and advice will be fruitful and satisfying. Forex is a good way to invest although I prefer a bit the issue of cryptocurrencies as TRADER
Nov 28 2017 at 15:17
Jimmblack posted:
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)
Good luck. Don't forget one thing - when you decide to open a live account pick a trustworthy broker, make sure you research them well properly before you give them your money.
