Re: Is the demo and real account 100% same thing?

#22
Frankie_tr wrote:
Mon Aug 03, 2020 5:33 pm
So how long have you guys demo traded before going live?
Hi, it's better to think of demo as a test bench, a place where you can learn how to use the platform and forward test trading strategies.

So devise a strategy and backtest it, if ok then forward test it on demo, if still ok then test on a live account with minimal position size.

You can't learn to be a trader on demo because there is never any real risk or consequence and learning about both and how to control both is essential.

Spend too long on demo and you will more likely learn bad habits rather than good ones.


Re: Is the demo and real account 100% same thing?

#28
Joe_5 wrote:
Thu Dec 17, 2020 7:03 pm
nunanana wrote:
Thu Aug 27, 2020 5:26 pm
Everything is same except money and mind psychology.
Indeed. But a huge difference can be observed when one trades with real money, that is the time emotions start intervening and challenges begin.
Very true. Emotions runs when you are starting to doubt yourself and losing the trust in yourself.


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