I wouldn't suggest this though, but if it works for you fine. But just be careful when you start trading live.
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Demo account or Micro ?
- Thread starter Ahmed Solaiman
- Start date
I would recommend starting with a demo account before trading with a micro account. Why? A demo account allows you to practise trading in a simulated environment using virtual money, which can be a valuable way to gain experience and develop your skills without risking any real money. Choose a micro account when you are comfortable to take a live risk.
Demo accounts are a great option for new traders because they allow for practice and learning without the risk of losing real money. Micro accounts, on the other hand, involve real money and have the potential for small losses, which may not be suitable for traders who are just starting out and are still learning the ropes. Demo accounts are a safer and more risk-free option for new traders to gain experience and improve their trading strategies.
Demo is only for know your plattform. Micro is for mens who wants make a living with this, because If you dont have a plan and the discipline to follow, and the correct phsycology for eliminate your ego when you are wrong then cut your loses or courage for mantain your winners, then you cannot become a real trader. And you only way in orden to become a real trader is losing your money wisely for at least 3 years.
Few will understand it.
Few will understand it.
Demo is set up just like real life with live prices. The only thing that's different is emotions, because you are not trading real money in demo, so you have a bigger chance of not taking things seriously, because there is nothing to lose.
Live trading with high leverage and small deposit is completely different experience. One loss and it's very easy to start to gamble as handling large losses is very difficult from the standpoint of emotional control.I wouldn't suggest this though, but if it works for you fine. But just be careful when you start trading live.
when we making losses we always try to bring overcome by trading over and and over . at the end of the day we bring losses more and lost whole equity .
I couldn't agree, then your emotions will be all over the and becomes difficult to control.Live trading with high leverage and small deposit is completely different experience. One loss and it's very easy to start to gamble as handling large losses is very difficult from the standpoint of emotional control.
after having most powerful analyzing trade knowledge the result of trading can be useless if you dont know how to manage emotions.