@LauChoKun, you have hit the nail on the head!
People seldom trade the same way on a demo account as they do on a live account. They should, but they don’t. That’s a wasted opportunity, because a demo can be a great tool to develop a trading plan without risking real money.
- The first step is the treat your demo account like a real account. Use trade sizes that are realistic for the live account balance you intend to have: Pip value for 500 bucks on metatrader 4
- Then make sure you use appropriate risk management: Leverage and Margin
- And when you start trading a live account, stick to your plan: How do you deal with your loss?