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Demo accounts
Oct 03, 2022 at 00:41
会员从Nov 08, 2021开始
1帖子
Absolutely, but be aware.
Demo accounts should be used to help you understand the ins and outs of trading basics (i.e. risk management/volume sizes, limit orders, execution times, timeframes, and all of the tools in general)
However, some people, potentially most people, aren't able to imagine that a demo account is as serious as a live account because at the end of the day, it's not real money. For some though, we are able to take demo just as seriously as live in a way that allows us to simulate what live trading might be like. This does not outweigh the emotional and mental aspects of trading with a live account in any way, but if you take demo seriously, you can almost trick yourself into believing it's just as important as the live account trading which will assist you in your psychology when you switch over to a live account.
Ultimately, you should try to move to a live account with a nominal deposit that you're willing to lose (in the US, something like $50-100 dollars is a good start.) This way, you can start to understand the emotion that is tied to seeing real money added or subtracted from your account, something that demo trading can only teach but so far because it's paper money.
...but by all means, trade with demo to test/backtest/forward test and learn the tools themselves before dumping live capital into an account. You'll be glad you did-
Demo accounts should be used to help you understand the ins and outs of trading basics (i.e. risk management/volume sizes, limit orders, execution times, timeframes, and all of the tools in general)
However, some people, potentially most people, aren't able to imagine that a demo account is as serious as a live account because at the end of the day, it's not real money. For some though, we are able to take demo just as seriously as live in a way that allows us to simulate what live trading might be like. This does not outweigh the emotional and mental aspects of trading with a live account in any way, but if you take demo seriously, you can almost trick yourself into believing it's just as important as the live account trading which will assist you in your psychology when you switch over to a live account.
Ultimately, you should try to move to a live account with a nominal deposit that you're willing to lose (in the US, something like $50-100 dollars is a good start.) This way, you can start to understand the emotion that is tied to seeing real money added or subtracted from your account, something that demo trading can only teach but so far because it's paper money.
...but by all means, trade with demo to test/backtest/forward test and learn the tools themselves before dumping live capital into an account. You'll be glad you did-
会员从Apr 09, 2019开始
516帖子
Oct 03, 2022 at 09:26
会员从Apr 09, 2019开始
516帖子
Before you even consider getting real money in the market you need to have a well tested strategy. This is done on a demo account where you can trade and test without the emotional tie to real money. Too many skip this step and their poor psychology, lack of planning and greed ruins them.
If you can't spot the liquidity then you are the liquidity.
会员从Jun 26, 2020开始
323帖子
会员从Aug 05, 2021开始
394帖子

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