True, but in general, confidence does not equate to experience nor profitability. Experience is superior over confidence. In fact, I prefer humility over confidence.
how long to stay on demo
- Thread starter Carollynne
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Pharaoh
Brigadier General
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- 20,308
Sooner or later, all traders learn humility, or, at least, suffer from humiliation at the hands of the market.
That's very good. Demo is still useful for everyone, even experienced trader. But the differences between demo and live could affect your strategy.
I believe he is already aware of that by now.
Whitesnake
Corporal
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- 428
This is really tough to answer because each of our capability varies from one another and thus better to continue demo trading until you are confident of trading live.
I believe he is already aware of that by now.
So finally we still have to test strategies on live account.
Triantus Shango
Sergeant Major
- Messages
- 1,371
the best reason to justify never giving up demo is that market dynamics change every 4 to 6 months. so any system needs adjusting and fine-tuning over time, especially more so the less adaptive the system is.
Whitesnake
Corporal
- Messages
- 428
Until you can say i can make yep these many pips per week or month keep on demo trading.
yes, certainly. I have a dedicated live test account, just like many other traders.
yes, they always change while "staying the same"
