All the resources that help in learning are only good, at least there’s no harm doneYou are so convinced about this, I’m not going to try and change your mindBut just saying, learning skills of each trader are different. And not everyone can afford losing their money just to learn. No doubt money will be lost even after practice on a demo account but chances of minimising the loss are still there. It’s at least better than learning from YouTube.
Demo account with real account experience
- Thread starter Kagisopeter
- Start date
There will surely be some difference between demo accounts and live ones. They are absolutely free and using them on a reliable platform shouldn’t be such a big deal. Just pick a regulated broker that has a certain decent reputation and try it out.
I don’t understand why it's such a big deal. If demos work for you, you go ahead and use them and if not, there is no need for you to worry about it. Not all the traders prefer using them. Experience comes from trading and making money not from using demos.
I think one of the biggest differentiators is trading psychology. Demo trading is easier because we know there’s no real danger to any “real” money.
Absolutely mate! Each one to his own, demo or no demos, having a mentor or self-learning, everyone’s got their own style and way of going about things and trading is no different.
I don’t know if I am the only unaware one out here, but there are actual courses pertaining to trading psychology. Now I don’t know how much of a hogwash that is.
You must research first before going with any broker.
That's also true.