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Originally Posted by bobnat
No, you don't. No matter how much you think you do, you still don't. Demo accounts are good for learning the platform. After you've done that, go live with Oander with $300 and trade .01 lots. Demos only create and foster very, very bad habits which can be very difficult and expensive to break.
And not to demoralize you, but if it were as easy to make real money as it is on a demo account, don't you think we would all be fabulously wealthy right now and we sure as hell wouldn't be here answering your questions?
Nat |
I understand this completely. I plan to develop the most disciplined approach possible on the demo before I go live. Although I realize this will only take me so far.
So why exactly is it so much easier to trade on a demo than a live account? Is it purely psychological or are there structural differences between trading demo & live?