When it comes to a demo account, it is a gift from heaven. Here you can test how well your predictions work, you can improve your strategies without risking anything in the market, and you can refine and improve the emotional side of your psyche to better suit the market itself. Just make sure that you also test your results in demo trading with a period of real trading with a demo account.
i'm new here...
- Thread starter minkal
- Start date
If newbie they willingly to spent time in demo account I think this is goog for early preparation, but maybe will good if also in demo using amount capital equivalent with amount money that later will invested on real account, so they learn how to manage these money and look the end result making confident or still fail, if still fail hence they need continue learn in demo account
Yeah, the trader who does that, also faces lots of loss and some times even end up losing it all. Thus we need to acquire adequate knowledge and experience and skills before going into the real account.
Yes we need to learn from experience, but maybe each trader also having different capacity to get understanding with the market behaviour, so maybe occur two trader walk start together on time, but on the end time will getting different result
I can even bet that different traders will have different results. It's logical
Even if they have the same initial conditions, their personalities and strategies influence the trading process greatlyI think that most distinguishes is about psychology trading, and many technical factor that making different result, connection to server broker, emotion etc, although using same method still possible different result because each trader also have own money management and risk managementI can even bet that different traders will have different results. It's logical
Emotions are very hard to avoid, we need to stay calm while trading, else we might just end up losing it all.
I think we can if we have intention, emotion indeed as human nature, but as trader need good mindset about risk in trading, angry is like as obstacle that closed to making logic decision based our knowledge and experience, so keep calm minds and accept loss also as part in trading
Yeah, you cannot trade in Anger, and also you can't do that in greed, this two state of mind are highly dangerous for a newbie, and thus it needs to be avoided.
It seems to me that they are dangerous not only for newbies, but for experienced traders too... Or if you have 2-3 years experience, you can ignore that emotions?