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Beware Demo

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  • 4 weeks later...
Guest Captain

Some good points there, but to be honest, you could go the other way and become too cautious.  I find that I do best when I have a little bit of apathy toward losing a few thousand pounds.

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.  True enough we must be prepared to lose, and by how much you are comfortable with will depend on your account size. The stats are unequivocal though, most new traders will blow their small accounts pretty quickly, usually coming hot off a prolonged spell on demo where it is somewhat easier to re-fund the account. Demo isn't real trading and the platform works different, slippage, changing spreads, entry/exit prices. Something that works on demo will not necessarily work on a live platform.

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Guest Captain

You can eventually become numb to emotions.  I think you will perform best when you treat your account like a hybrid, not quite a demo account, but not quite your "rent money".

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