Post
Topic
Board Trading Discussion
Re: Demo account
by
Zigabel
on 19/05/2024, 16:18:30 UTC
There is something I understand about trading, that the beginners should not just rush into trading because they see something on socials, the beginner's should understand how it works first before they start trading, that's why we have the demo account, try it with demo account first with that you will understand how it is, then you can stick any amount of money you want, thank you.
god advice but beyond this is much more work that should be done in order for the trader to be come profitable enough gambling but then some beginner traders allow the things they see on adverts made by some of the brokers and trade influencers online and they just want to rush into it without trying to making sure they are able get as much knowledge needed and required of them to be able to win their trades and remain profitable as a trader they would want to be, some of the influencers have actually put in years of hard work and a beginner shouldn't expect to start making money almost immediately they venture into trading already.

Demo account should be mostly to help traders test their strategies and perfect it well enough such that they will be able to apply it in the real market without having their emotions interfering with their trades, the demo account can as well help them master their emptions and how to get it under control while trading their real account but then its not ideal to stay too long on your demo account as it was meant to be mainly for practice and not to stay so long on it as that way you wouldn't be able to really get profits on a demo account.