Quote from: Nwada001 on Today at 05:54:45 PM

Quote from: Sobz on October 24, 2024, 10:28:36 AM

The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.

Reading trading guides and practicing with demo accounts increases the confidence in some traders due to the level of trade winning they get while practicing with demo accounts.

That greed of thinking that the profit you made while practicing with demo accounts could have been real if the trade was conducted using real money is what always drags newbie traders to fund their accounts with real money and go in all hard, forgetting that there is a need to manage risk.

Actually we did really come into this point on which you are really that believing that trading on demo could really be that making you having that easy learning about on doing trading on which it do really comes into a point that you do really become that too confident into your trades on which it is really that something that lets you think that you could really be able to do it, specially if you've seen that you are profiting too much on demo account then you will be directly making out some account with live balance on which you will be eagerly trying out to have that kind of approach on which you will really be thinking of that you can make easy profits
because you have done something good on Demo, until that the reality would slap up into your face on which you are experiencing that tons of loses due to lacking that real experience.
Its true that as we do go further then we do able to have that kind of chance or possibility that we do able to get that advantage as we do go forward on making up some experience and as we do
make up even more trades or whatever things that we are dealing into then you do have that kind of assurance at least that having more awareness from the things that you do able to obtain via experience.
It would really be just that too impossible that you cant be able to make out some adjustments basing up into the things that you do encounter along the way.