That`s the right mindset. Congrats.I will rather say that we should treat the demo account as our real business equity and do not trade a demo account like gambling. Because the demo account trading is something that you are really training your mind and if you become arrogant and don't take it seriously then you will blow many demo accounts as well as your real account will also wiped out within no time.
Exactly this. I see no point in opening a demo for £100k when I'm realitically going to be trading with maybe £1k at the start. What can I possibly learn by throwin around vast sums of money like it's monopoly. Better to have a smaller account and protect it like it IS my own money. This will better prepare me for the psychological extra level of stake my own money.I will rather say that we should treat the demo account as our real business equity and do not trade a demo account like gambling. Because the demo account trading is something that you are really training your mind and if you become arrogant and don't take it seriously then you will blow many demo accounts as well as your real account will also wiped out within no time.
You are right if we see our demo account performance it is not real performance ,due to many reasons as capital is very high and profit taking is easy . You not bother the loss you did on demo accounts. I personally experience we had less emotional involvement while trading on demo.I will rather say that we should treat the demo account as our real business equity and do not trade a demo account like gambling. Because the demo account trading is something that you are really training your mind and if you become arrogant and don't take it seriously then you will blow many demo accounts as well as your real account will also wiped out within no time.
Exactly.The demo account allows you to learn about the mechanics of forex trading and test your trading skills and processes with ZERO risk.
The demo account allows you to learn about the mechanics of forex trading and test your trading skills and processes with ZERO risk.