darktone
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dt,
Shouldn't this read: 'When you can trade live as freely as demo you've a level of emotional intelligence'?
Tim.
Yes it should tim.
dt,
Shouldn't this read: 'When you can trade live as freely as demo you've a level of emotional intelligence'?
Tim.
I started trading with real money, and have ever since. But I would say that 'Demo' accounts make life simpler when testing new strategies or trading new products....(read options in my case).
When training a 'newbie' letting them try out all the 'bells and whistles'...and .....allowing them to 'ask the right questions'. But the Newbie 'needs' to move to Real money very quickly in my experience.
I think quantifying the number of successful traders its not easy. In my opinion, people who should count toward these stats as failed traders are ones who were very serious about it. Ones who would have been willing to make a career out of it, lived for the markets.
I don't really understand why ffsear would do badly when he was doing so well. Does it really matter though, can he not go back to do well again since he knows how ? It's a real puzzle when someone who uses the market like an ATM would wake up one day and think: this ATM is useless, let me go do something else instead.
after having traded demo full time for 6 months I will be going live in about 2 weeks. If I remember I will post my experience here.
way for me is to start with the smallest amount possible and to build up that way. when I start out I will be max winning and losing a couple of pounds a day.
I have earned a lot through Demo Account. I traded with demo account for around 5 to 6 months.
I traded a demo for 6 months but didn't learn too much. A lot of mistakes made in trading are through emotion. You don't have that emotion when trading a demo account.
I traded a demo for 6 months but didn't learn too much. A lot of mistakes made in trading are through emotion. You don't have that emotion when trading a demo account.
That is why it's a good idea to open a small live account after you're done trading on a demo one. You both risk as little money as possible and you learn to deal with the emotions associated with trading with real money.
Not sure it's too different from demo trading unless you risk a sum you consider significant.
I think that generally depends on the person trading. Also, one can always gradually increase their invested in their account, once they get used to the current sum they're trading with.
How did it go once you moved onto a live account?
Well Demo is Demo, In live account everything changes as we have to deal with real money, so I also need to change my strategies which I used in Demo and I could say it is quite rewarding.