I just completed the school of pipsology and I was advised to trade on demo for just a few weeks then open a cent account to practice my strategy so I can master psychology and emotions faster since real money will be on the line. Should I try this approach?
Sounds like a plan. Demo trading is great for learning the ropes, but moving to a cent account with real money is where you really start to understand the psychological side of trading. Just keep your risk low, stick to your strategy, and focus on consistency. It’s a great way to ease into live trading without too much pressure.
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Thanks a lot
Demo account sounds like a good plan. Its a good way to test out the strategies and learn, even if you face a loss, it will be on a virtual capital.