Post
Topic
Board Trading Discussion
Re: advice for a beginner
by
Dewi Aries
on 11/09/2024, 16:25:30 UTC

That's why it's hard to adjust when you came from practice and demo trading and you all of a sudden go into live and real trading. The adjustment is so big and the difference is there that you'll think of it if you're really a good trader or it is just that the reality is hard to accept that trading is certainly is hard as it is. This is also the reason why many are aware that more traders are losing instead of winning and that's the fact that's hard to change.
That is why is actually good to start with very little amount to trade on life because in demo there is too much reluctant, feeling too cool while trading there but with live account there would be tension on the trader because he would keep exploring the best method to trade and make profit. While trading demo the person may not put much effort instead will have that mindset that it's only demo therefore has nothing to lose from the trade but with live account the trader will be extremely cautious.

Yes that's right, basically a demo account can be utilized, but I think it's nothing more than something we can utilize to recognize all the features provided by the platform, although there is no significant difference with a real account in terms of features and appearance but of course as you said that what distinguishes it is from the feelings we feel because when we are involved in a real account then of course that means we are trading with real money and it's different from when we trade on a demo account, and the only difference is from the tension and anxiety involved.

On the other hand as we know that a strong mentality and psychology must be possessed by a trader and you will only be able to have that ability when you have tried to be involved in a real account, because you will only be able to have that ability when you have practiced in a place that can cause tension and anxiety.