Guess that the wisest move is to trade on demo. Lots of traders neglect this rule as they're convinced that real practice brings more experience an skills. It's partly so actually. The main objective of demo account is to acquint you with trading activity and mechanics of price changes. The rest is for real trading. To my mind, traders must stay on demo no longer than a month, because it can easily ingulf them and they will never move on a real account. It's so enticing to trade by money, in case you know that it's not your money. Although, trading implies tradding by your money in order to make profits.
Demo trading can’t totally prepare traders to face the market because there is no involvement of emotions and entitlement to the money being traded. However, people who are new and serious about trading should make the most out of demo trading because it can help them enter the market with some trading skills.
Take money out of the equation for a moment (although you should treat a demo like it's real money in my opinion). What basis do you have the the strategy you have has an edge if you haven't tested in demo? It is a vital part of the process and skipping it only sells you short. There are no shortcuts.
whitneytyler posted: Demo trading can’t totally prepare traders to face the market because there is no involvement of emotions and entitlement to the money being traded. However, people who are new and serious about trading should make the most out of demo trading because it can help them enter the market with some trading skills.
well, no one should expect this from a demo, after all, it was not created in order to convey all aspects of the work of real trading, because this is only an option
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