Hi baemax023. Thank you for the warm welcome I traded Demo for 6 months to 8 months before going live agin this year. I took demo lightly at first and I would often switch to live trading. I learnt my lessons and focused on demo until I was settled on a trading system and had a going Trading Journal.
Thank you very much, I look forward to learning from you and others.
Welcoooome @TNMabusela!
How long have you been trading live? How long did you trade on demo before going live? Huhu. I’ve been concerned about this for a while now.
I traded demo for about six months. Until I hade the confidence in my strategy and I could keep a trading journal.
Ooooh! Thanks for answering. Haha. I hope your live trading’s going well!
Hi @TNMabusela! How has your live trading been so far? I’ve been demo trading for more than 6 months and I feel like I’d be more serious if I opened a live account with a small balance.
Good luck on your trading journey.
Live trading is going well. I have my risk management in order. I actually doubled my account last week.
As far as taking it serious, I think you should take it serious on demo first. Don’t think of demo as fake, treat that money like you earned it, there are many lessons that will surface.
Thanks @TNMabusela. I’m finding it hard to be more focused in putting in trades and I feel it’s because I know it isn’t real money anyway. But I understand what you mean and thanks for reminding me.
Hello and welcome to the community - how are your trades going?
I find that it is very true that there are differences between trading on demo and real account. Somehow, real account is much more emotional for me, as I am aware that I play with my real money. When I lose, it really hearts me.
Do you have a trading journal here?
a good way to make you take it more seriously is start a real account but only deposit a small amount and be prepared to loose it as you inevitably will. this will help you with the emotions of real money as it is a very different feeling to demo.
I like your focus and attitude towards trading, pipsologist guy. Glad you started with risk management.
If anyone here do not treat demo a real account in their mind, try cent account, that’s how I started and looking back, I’ve made a wise choice. It’s important to treat trading real when you want to take it a serious business.
Thanks @paulap. I feel like I’ll work harder if I know that it’s real money I’m dealing with.
yes this is how i feel too
Did you start with real money from the beginning?
almost the beginning, i used demo just work out how to actually use mt4 and place trades then used a really small live account
£20 to start off with, only took 1 trade at a time at 0.01