Mohammadi posted: The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
When I started trading I used demo account for 2 months to undertsand the strategy and techniques.
I have been trading on a demo account for more than three months. I think that I need to continue trading on this account because I feel that I haven’t learned everything required yet and many nuances need to be cleared and this can be done through intensive practice only. Of course, it could be done on a real account but I don’t want to sacrifice my hard-earned money. I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.