Quote from: SamReomo on July 07, 2024, 01:17:58 PM

Quote from: bitgolden on July 06, 2024, 08:31:52 PM

There are still demo trading that we can use first, if our capital is only limited.

I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes.

Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all.

Demo trading has a serious drawback in the sense that if you were to lose all the capital you had in your demo account, you can get it back with a single click, so a newbie trader can try as many times as they want until they get the positive results they want, so once they do they believe they are ready to trade for real, when in fact things just went their way during a small series of trades, and if this does not happen when they are trading for real, by far the most likely outcome, they will get desperate as they begin to realize that trading with their own money on the line is very different than trading with their demo account.