A whole lot of places offer that nowadays, it is like rewiring your mind for losing as a natural thing in trading. If it helps then it’s not bad.
Demo account with real account experience
- Thread starter Kagisopeter
- Start date
I took one on udemy as part of my trading course before I opened my first ever account with Fxview. When I lost all my savings I wasn’t consoled because I had read about it
Even now after a year of trading and thankfully losing less, the grief of a losing trade is real. As a policy now I first test my trade on Swissquote’s demo and then apply the same on live, maybe that’s helping.Exactly, it will depend on you, how wisely you make decisions.
Yea, I have seen some traders spending years on it, not like they start minting billions when they go live, so what’s the point? One should just get a feel of the trading platform and get an idea about prices etc, that’s all a demo is for.
Definitely, actual training happens in the battlefield itself.
Like I said before, each one to his own! What one learns in a month, some dim wits can take a year for the same.
Ouch! I actually spent close to 8 months on a demo account before I went live with xtb. Not that I am slow at learning, perhaps a bit too petrified with new things. For a year I practiced scalping and then ultimately moved to day trading despite the losses as a scalper. It took me that long to switch to a more profitable strategy and brokers (lqdfx, fxview) that were charging lesser commission. I always fear the unknown, like a known devil is better and jazz.
generally we dont care about result when trading in a demo but in a real account we become serious and try to trade seriously. there is a difference between psychology nothing without it.
Hahaha that’s funny, so you kept on even while losing, kudos to you for not quitting, scared of that too?