what you think Mate emotion level work when trading in a demo account ?
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How long did you trade demo before opening a real account 33 replies
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DislikedIn my opinion, usually one is not as stressed when using a demo account. That is both a good and a bad thing, because while you learn the basics in a low-stress environment you also don't learn how to deal with the anxiety that comes from using a live account.Ignored
Disliked{quote} Well said; by the way, how do you control your own emotions during live trading?Ignored
Disliked{quote} I know; I guess your log term trading experience helps you a lot!Ignored
Disliked{quote} Well said; by the way, how do you control your own emotions during live trading?Ignored
Disliked{quote} Better not want control emotion. No need for it. Learn that is part of life. Not every order type is for every trader suitable. A market order with sitting infront of chart for a nervous trader can be a terrible combination of options. In the end this trader have not set SL and watch how the account is going to the end live.Ignored
DislikedThis is the only right step before real trading. My advice is that you open demo account with same starting deposit, that you are prepared to invest in real account that makes things more realistic.Ignored
Disliked{quote} It depends. If one is losing small sums regularly the end result is a large loss anyway.Ignored
DislikedObviously, there are two sides to this issue. I am going to take one side of the "no demo" argument. One of the few advantages to spot forex is the fact that one can open an account with some brokers with a little as $25.00. Now let's assume you are like a lot of people and spend $5.00 a week day on a Latte from Starbucks. 5 x 5 = 25. So that’s $25.00 a week. There are roughly 4 weeks in a month. This gives us 4 x $25.00 = $100.00 So if you forgo a months worth of visits to the coffee shop, you can trade live with an amount of money that wont hurt...Ignored
Disliked{quote} You should get a medal for this insight. $300.00 lost on demo account and opened position with -$3.00 on real account is a huge difference. I have never been a fan of trading on demo (except for learning how to operate your brokers trading terminal), because of this. Real money is real money and the option of losing even small amount can show you how it affects your trading.Ignored
Disliked{quote} The best control over the situation of your account is the alignment of stop loss.Ignored
Disliked{quote} a stop loss is not always necessary, if you know how to trade without oneIgnored
Disliked{quote} a stop loss is not always necessary, if you know how to trade without oneIgnored