s.erfolg
Private, 1st Class
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Sometime I am hear from beginner trader he can making easy profit on demo but after jump to real account stil get fail, maybe one reason why trader fail in real although success in demo is because different emotion between demo and real account
many people are fast and after success in demo they are sure in success in live. But life can change for better or for worst next second. Of course, trading isn't about easy money.BaibarsB, maybe I am just too fast person because I don't understand people who sit away and spend way too much time on preparation while you can change your life next second. Same way as I don't understand people who think that trading is about easy money
Demo account trading is necessary because you get to know how trading works. If you don't trade in a demo account and go straight for real one, then you can lose a lot.
demo accounts are great for beginners because you don't lose your capital while practicing and you can test your trading strategy but in a lot of the times demo and real conditions differ like day and night. when traders succeed in their demo accounts they get overwhelmed with excitement therefore tend to make fast decisions, which can turn out far worse than expected, like not gaining enough or...Hi guys!
Can you name me some advantages and disadvantages of demo accounts?
demo accounts are great for beginners because you don't lose your capital while practicing and you can test your trading strategy but in a lot of the times demo and real conditions differ like day and night. when traders succeed in their demo accounts they get overwhelmed with excitement therefore tend to make fast decisions, which can turn out far worse than expected, like not gaining enough or...Hi guys!
Can you name me some advantages and disadvantages of demo accounts?
I see now. thank you for your answer. but can't we say that any other trading strategy requires real account testing?If we put stress aside, you are right that demo accounts work differently. But that's only for spread and slippage. If you are a swing trader, chasing for 100+ pips it won't make a major difference between real and demo.