Post
Topic
Board Trading Discussion
Re: Is a demo account necessary for a beginner trader?
by
Fatunad
on 02/06/2021, 20:26:52 UTC
Too bad that I switched back into long-term already.

Why is too bad? You have absolutely rightly evolved from a day trader to a long-term trader/investor. And that's okay. Personally, I think this is how it should be.

Everyday trading is very exhausting, both physically and mentally. Constant trading is very rarely profitable in the long term. Therefore, it is normal for a trader to move away from such exhausting trading for something longer over time. Medium-term or long-term trade. Also, do not forget that it is on long-term trading that much more profit is obtained, and there are fewer risks, since you do not enter dozens and hundreds of trades all the time.

You are right and also we do have all the control on what are the things we've been dealing with.It doesn't really matter if we do switch up between position neither a short term or long term as long you do know on what you are doing then that's important. Active trading is really exhausting and I do able to experience it out
and decided to make some swing trades instead since I don't have that enough time to make out preparations or analysis on dealing with the market.
Asking out if demo trades are suggested or recommended then I can say yes and for the sake of familiarity of the platform since majority of them
would really be just the same.