Both are beneficial in a long run if you think about it. Having a mentor guides you to minimize the risks and errors that you faced while trading, but without having a mentor helps you to realize your risks and errors and grow from them. So in the end, it is just a double-edged sword but ending...
I feel like people are missing out the difference between demo and real account when it comes to trading. They won't feel any range of emotions if they are making losses because they knew that it is not a real money.
Not that it is a big deal to you but the number is increasing each and everyday, there are total of 110 death with 5k confirmed case of people who got caught with it.
Diversifying your portfolio is probably the best way to reduce the potential risk so that your losses can be adjusted with the profit that you gained in another way.
I agree with you! While demo account do not share the emotions that you faced while trading in real account, it does its job letting you know the various indicators for analysis, or strategies to apply.
Yes, once you are able to control emotion, everything will become easy to control. Discipline is the one thing that trader have to master as soon as possible.
If you have zero knowledge about how to process the trade, then yes it is easily considered as gambling because you are throwing away the money without thinking of consequences or reading the analysis.
Right now? Being able to travel to many places. I wanna see what's out there.
For future? Being financial stable and able to afford for the family.
Big dream, big dream.
Not setting SL/TP
Scared that it might be wrong choice to choose
Letting emotion taking over me after making a profit
Quitting after losses
To name some.
The success in trading does not depends on only attitude, but also your discipline level, your emotions, your actions, your assessments, your evaluation on outcomes. There are so many factors to consider.