Post
Topic
Board Trading Discussion
Re: Trading your strategy on DEMO is a waste of time
by
canovan25
on 15/03/2021, 16:46:09 UTC
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.

Thank you very much for the guide to losing all the money. First deposit lost, second, third, 5, 10, all money. Perfect.

Personally, I think you need to watch who earns how. If there's a $10 billion fund that does that, then you have to mark yourself that smart/wealthy people do that. If the biggest person trading such a strategy is a John with $50K from reddit - you should cross out that strategy right away and forget about it. Forever. Or let there, a million dollars. This is obviously a bad story. Or be prepared that at some point, even after losing 100 deposits, having trained and reread all the books on technical/fundamental analysis(Fundamental analysis is the only thing you can pay attention to, but you just have to buy the index) / esotericism / laying out tarot cards / astrology and other obscurantism, you will lose your deposit.