12-10-2017 10:09 AM
Very good article on the pitfalls of demo and the potential damage it can do long-term. Learn the platform on a demo but learn trading on a live account using as small a position size as possible.
07-11-2017 09:25 AM
@Captain. 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.
07-11-2017 06:52 PM
Traders are blind to the psychology and emotions of live accounts, they will realize and experience psychology on live accounts. It is huge subject.