as a newcomer i was profitable in demo , but when kicked off real account, this experience not worked .
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When trading in demo there is no emotions, so we can trade easily with no pressure. But when trading in live there is no way to avoid emotions . itâs the reason.
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Agree it is our psychology and emotions which make demo different from live account.
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Itâs very common scenario mate; so starting with a cent type live account is always better!
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generally cent account is more appropriate for beginners level besides pre school level. but not for mature beginner.
Itâs very tiny session; whatâs your trading result actually? How many trades did you open actually? And whatâs your winning ratio?
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Agree! in initial days of trading it is good decision to start with a micro or cent account.
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if you feel like only after one month of demo trading you are ready to take over real market then start with micro account first, so you donât loose much and always have an option to go back to demo account.
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instead of demo account any beginner can take cent account if he has finished pre school level completely. its according to me
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I see, maximum new traders got super-excited after few days on demo; but when they go for live they lose! Thatâs very common scenario here! By the way, I liked your idea on micro account; perfect.
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This is a question that gets asked a lot, Iâve noticed. In my opinion, for every person itâs different. It takes as long as it takes - for someone it could be a few months, for someone else it could be a month, for another person it could be over a year. Donât compare yourself to others, follow your own learning curve.
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I think that you should do demo account trading as long as you can. I donât think that one month is sufficient for it. You need to spend about four to six months in that platform. There is no need to rush things as you can lose your entire life savings in it. What do you think guys?
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Thanks for dropping your piece of advice