May 27 2017 at 08:22
Bohdan73 posted:Professional4X posted:
I agree with you. If a person develops good skills, controlled emotional discipline, and a solid understanding of what really moves the markets, you can make a very good income from trading. But it takes a lot of work and education in order to make a good income from it.
This is the holy grail of trading what you explain. Everyone should strive for it 😄 I agree that it takes lot of work!
I agree. That is the only holy grail of trading, in my opinion - hard work. To study, to practice, to learn from one's mistakes. There are no shortcuts.
12 months demo and since 10 month with real
May 31 2017 at 12:01
manolo83 posted:
12 months demo and since 10 month with real
Are you satisfied with the results of either?
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
Jun 30 2021 at 12:56
UweMoench posted:
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
I cannot add any more. This post IS the answer to the thread
Jul 01 2021 at 13:23
the main different between demo and live is all about psychology , nothing without it , in reality there is no technical different between two.
UweMoench posted:
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
Demo account is the most effective way to learn forex properly.
Jul 06 2021 at 13:25
Both accounts are essential for learning.
I would suggest starting out with a demo account for at least a year before attempting to trade on a live account. You should minimalize your risks.
Nov 11 2021 at 08:01
MauMar posted:
I would suggest starting out with a demo account for at least a year before attempting to trade on a live account. You should minimalize your risks.
You are right.
LyudmilLukanov posted:
Both accounts are essential for learning.
Basically they both are same the difference is that the live account has real money involved, although you have traded in the Demo accounts , their is this psychological factor comes into play which might hinder your decisions.
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