A demo account is considered by traders to be the safest method of learning to trade 😎
You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop putting on the feet and trade like a flop.
A demo account provides an opportunity to gain experience 🐱👤
Demo account is comparable to the virtual world, where there is nothing real. There is no profit and no loss, you do not feel any of this. It is only needed for the initial stage, where you are just starting to understand the structure, orders, how everything works.
On a demo account, you can check the strategy, system 📈
This cannot be done again because of the lack of attachment to money or lack of responsibility for their activities. A trading strategy gives success only if you follow everything that is indicated in it, without your own improvisation.
Winning a demo account can tell you how to trade on a real account 🤑
Demo account in comparison with a real account are completely different things due to the emotional component, psychological, lack of responsibility and rashness. Any positive result on a demo account means nothing
What, then, is a demo account needed? 🤷♂️
🔼 For acquaintance with the trading platform and the characteristics of the trading market
🔼 For acquaintance with the financial tools on which you will be trading
🔼 To perfect your technical skills
🔼 To test your trading strategy
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After years of demo practice and testing and considering demo money as real money, i can say i am ok and so so disciplined.
So let me tell you something :
If you are not responsible and disciplined on a demo account you will never be disciplined on a real one.
And my argument is : do demo 5 years and look for 5% monthly , compound it, in 5 years you re in 7 figures.
Just put a little money on the real account and do trade it as a demo for you to gain experience