Post
Topic
Board Trading Discussion
Re: Trading your strategy on DEMO is a waste of time
by
ven7net
on 16/03/2021, 14:41:07 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.

I completely agree with you. I remember how 10 years ago I decided to try my hand at Forex trading for the first time. I was offered training and trading on a demo account, but I decided not to waste time and went to trade immediately on a real account for real money. My contribution was $ 1 and was able to increase it 10 times in some time, that is, to earn $ 10. Since I just tried my hand at forex, my task was just to try and then I stopped trading, as it took too long. But I am glad that I got experience on a real account and very quickly understood what and how it works.