Agree. There still lots of things you need to learn before taking a step into live account. Risk and money management are not easy things to learn because you will face different cases in trading.
From learning how to put a good SL in your trade, how to execute cut losses and how to manage your fund well. It needs some times because we might facing different cases in our trading activity...
It's a good place to build and train our trading system, to evaluate our trading progress so our future trading would be much better. But still less of experienced traders who are taking advantages of demo account...
That's why demo account is exist. It's a good place to train almost everything for our trading career, including to build and train our trading system and it takes some times to make it good for us...
Indeed... It may took a while for learning to be a good and profitable trader and it could be pushing you further from gaining some funds. But if you could make it, you'll see the good outcome once you've become a good trader.
Agree! But don't let this overtaking your mind when you're still learning some about forex trading, or else, it could be a boomerang for your psychology.
Do trial and error in live account may give you a proper psychology training (especially for ego and emotion control). You should find a way to tackle your negative ego and emotion from your trading activities. Personally, I always taking a long break when I got myself filled by emotion.
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