I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; you need to feel the heat, be under pressure.
Trading is for individuals who can afford to lose money, so if you cannot afford to loose money; please do not trade. In trading we are here to multiply money and not create it; live trading helps you compound losses or multiply money; while demo trading creates money for you.
No risk, no reward; start practicing your trading strategy on a live trade; even if it is 1$; feel the heat and develop instinctively.
The pilot test done before the launch of the project are also waste of time according to you?Its really important part of our strategy to check that plans are working in the same manner we want them to accomplish.The trade strategy are performed by many traders to check that whether they would gain profit or not and if it's not working properly they can make changes in their plans and policies rather than going on and lossing all their funds if they blindly follow their inefficient plans.So you cannot say it's waste of time it's just your perspective of thinking and others can gain huge profits with it.