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Author Topic: Demo Account, Should Not Be Related To A Real Account  (Read 863 times)
doomloop
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December 16, 2022, 09:04:33 PM
 #61

you need to be careful while trading in demo then same practice will be possible in real trading. Accept losses and try to avoid them in next trade even in demo trading which means you should feel like those fake money is also limited hence you need to be careful while risking them.
I have same thoughts. Demo accounts are useful if we practice with it by imagining like we are trading in real environment. It is highly possible for all the traders if they want to learn all the tricks of cryptocurrency trading for free of cost. Those people who are ready to spend their hard earned money, may find demo accounts not useful as they are ready to learn with the help of real account with real capital.

Honestly I have practiced on demo mode for lots of technical tools to find which combinations are good to go with and then I applied the same which again got be profits in real market as well.

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December 16, 2022, 09:23:33 PM
 #62


Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
If you are profiting when using a demo account, it seems not impossible that you can't be profitable in actual trading. In fact, you can copy what you did and do it in actual trading.

 - you already have the strategies
 - you already have knowledge
 - you already have experience
These are good enough to start doing actual trading. But if you will still fail, there might have a problem in your decision-making. You really have to make a deal of it otherwise, you will go back to the demo account and stay there.

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December 16, 2022, 09:28:24 PM
 #63

This is important because when I look at the demo account and the real account, I personally feel different things because I only use this demo account to play games, regardless of anything being there, clearly without any emotion.
Unlike the view when we are on a real account. This is very much different from feelings because sometimes you are afraid to do something and other worries always come.
We become emotionless because we don't care if ever we lose as we don't use money from our pocket, unlike if we are using a real account. We can take the risk to the highest level without any hesitation and become aggressive which is not really or barely happen when are do an actual trade.
Quote
I've tried a few months in daily trading and for now I seem to be too cowardly for that and prioritize long-term investments over day trading.
At this time, we need security and profit assurance which certainly could affect our decision and mindset. Fear and doubts increase especially if we suffer losses which we never find this feeling while using a demo account.
This is the point because when I say Demo this is just an experiment in my opinion and I'm not too ambitious with it so emotions are an important factor that makes us have high emotions and adrenaline when we really feel like we are going to lose or gain something but when we are on a demo account we didn't lose anything so we couldn't get serious there I think it's quite reasonable.

On the other hand, during the current conditions, being careful is an important factor, but basically I don't really like trading right now because in my opinion, for myself personally I don't fit there and I don't have qualified qualifications in trading so it's more well I'm on a long term investment.

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December 16, 2022, 09:44:19 PM
 #64

you need to be careful while trading in demo then same practice will be possible in real trading. Accept losses and try to avoid them in next trade even in demo trading which means you should feel like those fake money is also limited hence you need to be careful while risking them.
I have same thoughts. Demo accounts are useful if we practice with it by imagining like we are trading in real environment. It is highly possible for all the traders if they want to learn all the tricks of cryptocurrency trading for free of cost. Those people who are ready to spend their hard earned money, may find demo accounts not useful as they are ready to learn with the help of real account with real capital.

Honestly I have practiced on demo mode for lots of technical tools to find which combinations are good to go with and then I applied the same which again got be profits in real market as well.
It is really just for practice and trying out to hone your skills and awareness about technical aspects and other terms which you would really be needing to familiarize one.Not all people would really be that

having a time but rather directly involved and engage trading with using with real or live account.I could say that it wont really be that a bad idea since what matter most on here is on how
you do make yourself learn no matter what way or method you would really be that using.Demo account is really good if you do just know on how to learn up everything.
Although you would really be missing out that emotional kind of aspect on which you cant really be able to mold and practice out when you do involved with demo
unlike when you are dealing with live.This is why it is really much better if you do go live directly for you to be that scared and mindful on every actions you would made.

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December 16, 2022, 10:12:16 PM
 #65

you need to be careful while trading in demo then same practice will be possible in real trading. Accept losses and try to avoid them in next trade even in demo trading which means you should feel like those fake money is also limited hence you need to be careful while risking them.
I have same thoughts. Demo accounts are useful if we practice with it by imagining like we are trading in real environment. It is highly possible for all the traders if they want to learn all the tricks of cryptocurrency trading for free of cost. Those people who are ready to spend their hard earned money, may find demo accounts not useful as they are ready to learn with the help of real account with real capital.

Honestly I have practiced on demo mode for lots of technical tools to find which combinations are good to go with and then I applied the same which again got be profits in real market as well.
It is really just for practice and trying out to hone your skills and awareness about technical aspects and other terms which you would really be needing to familiarize one.Not all people would really be that

having a time but rather directly involved and engage trading with using with real or live account.I could say that it wont really be that a bad idea since what matter most on here is on how
you do make yourself learn no matter what way or method you would really be that using.Demo account is really good if you do just know on how to learn up everything.
Although you would really be missing out that emotional kind of aspect on which you cant really be able to mold and practice out when you do involved with demo
unlike when you are dealing with live.This is why it is really much better if you do go live directly for you to be that scared and mindful on every actions you would made.
That's how things should be differentiated, demo account is a good place to learn and practice different patterns before you engaged yourself using a live account, though there's an emotion gap in between which is very important when dealing in this kind of business, real account means you are using your hard earned money and that's the difference, when using your money you are being hold by your emotions unlike with demo account where you can simply adjust and change the patterns each time you feel that it's not favoring you.

No money involve that will be at risk when using demo, while with a live account every action impacts your decision making, every movement inside the market will create emotions that will affect you.

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December 16, 2022, 10:36:22 PM
 #66

you need to be careful while trading in demo then same practice will be possible in real trading. Accept losses and try to avoid them in next trade even in demo trading which means you should feel like those fake money is also limited hence you need to be careful while risking them.
I have same thoughts. Demo accounts are useful if we practice with it by imagining like we are trading in real environment. It is highly possible for all the traders if they want to learn all the tricks of cryptocurrency trading for free of cost. Those people who are ready to spend their hard earned money, may find demo accounts not useful as they are ready to learn with the help of real account with real capital.

Honestly I have practiced on demo mode for lots of technical tools to find which combinations are good to go with and then I applied the same which again got be profits in real market as well.
It is really just for practice and trying out to hone your skills and awareness about technical aspects and other terms which you would really be needing to familiarize one.Not all people would really be that

having a time but rather directly involved and engage trading with using with real or live account.I could say that it wont really be that a bad idea since what matter most on here is on how
you do make yourself learn no matter what way or method you would really be that using.Demo account is really good if you do just know on how to learn up everything.
Although you would really be missing out that emotional kind of aspect on which you cant really be able to mold and practice out when you do involved with demo
unlike when you are dealing with live.This is why it is really much better if you do go live directly for you to be that scared and mindful on every actions you would made.
That's how things should be differentiated, demo account is a good place to learn and practice different patterns before you engaged yourself using a live account, though there's an emotion gap in between which is very important when dealing in this kind of business, real account means you are using your hard earned money and that's the difference, when using your money you are being hold by your emotions unlike with demo account where you can simply adjust and change the patterns each time you feel that it's not favoring you.

No money involve that will be at risk when using demo, while with a live account every action impacts your decision making, every movement inside the market will create emotions that will affect you.

But i agree on what Hamphser said that there are people who do start up directly on using their real money and doesn't intend on touching up demo trades.Just like me on where i had start up
directly with trading on binance, yes of course it is really that hard since you dont have the idea on what are those things listed or shown on the chart. This is why i had made out some
research at the same time i do make trades about terminologies and other stuffs which i had gradually be able to gain and learn up those things which it does
really depend on how you would be applying those knowledge on something that you are currently dealing with.

R


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December 16, 2022, 10:47:04 PM
 #67

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade.
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December 16, 2022, 11:08:07 PM
 #68

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade.

Bad trades are part of the trading process that will allow one to avoid these bad trades in the future.
But when we are faced with real trading, psychology begins to be burdened because there is money at stake, if initially only using a demo account then there are no worries about losing the money.
and the difference between a demo account and a real account is that it lies in liquidity, on a demo account there is no liquidity at all because we are only trading alone while on a real account there will be liquidity because many people are also trading.
In trading on a demo account, the main goal is to prepare a trading plan that will be used in real trading, not just a matter of profit, because profit is based on psychology which only exists in real trading.

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December 16, 2022, 11:42:34 PM
 #69

But when we are faced with real trading, psychology begins to be burdened because there is money at stake,

Since it's now real trades and real money is now at risk, that affects the person's serious approach different from what they experienced during demo trading.

The enjoyment, comfort, and risk-free experience in demo trading are not present now in real trades that's why new traders began not focusing on their goals.

They should think that trading is not that easy to do but on the bright side, can deal with the right strategy as long they are serious about building a good trading experience. Losing is part of the game and even professional ones still lose today. What matter there is, they learn after losses and try to minimize it as they progress.

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December 16, 2022, 11:51:46 PM
 #70

~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Demo account is only a demo,
Do youbthink tjat the nominal in your deko account is your real  money? No, mate. Talhat is not a real asset, it is a demo.  the point is that this demo account is used as a simulation for training, especially for newbies. The features are the same but the money in the demo account is not our real asset. but only as a nominal for us to learn trading on the demo account. So, of course, the assets in the demo account cannot be connected to the exchange's original account.

The condition in the demo account and real market is quite different because of its real time market changing, so the condition kay be different.

R


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December 17, 2022, 08:18:51 AM
 #71

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade.
Also on the demo account I don't think the situation corresponds to reality,
demo account is just a place to learn so don't take it as a parameter,
for sure when real trading then we will feel the difference

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December 17, 2022, 08:33:51 AM
 #72

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

A demo account is as close as it can get to real trading without risking any of your money. Trying out new strategies on a demo account is a good idea in my opinion and I would always go back to checking strategies out of sample if I am not fully convinced that they work. The idea behind a demo account is to make it much easier for you to simulate your trades than having them run in an excel sheet. During university we were offered a stock trading game by a big bank, where we could run our own portfolio for 6 months without using a real money. With my friends we really like it and where doing quite well. After the event was over we running our own portfolio with real money and where able to continue with our returns. That is why I would say that there is no big difference between a demo account and a real account. If you manage to be successful with your demo account than you will also be successful with your real account, just keep following the same strategies.
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December 17, 2022, 09:16:04 AM
 #73

The idea behind a demo account is to make it much easier for you to simulate your trades than having them run in an excel sheet.
I agree that we can learn better with demo accounts compared what we could with excel sheets. Similarly if you trade with small capital in real account then you can learn lots of more real emotional aspects compared what you could with demo accounts. Everything got its own pros and cons and we need to be aware of those limitations and need to act accordingly.

If you manage to be successful with your demo account than you will also be successful with your real account, just keep following the same strategies.
No, this is not that simple. Demo may provide only outline about the trading environment but the real experience of real account must be completely different. So, if you expect similar results in real account after demo trading then you may face only disappoints and nothing else.
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December 17, 2022, 10:19:55 AM
 #74

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade.
Also on the demo account I don't think the situation corresponds to reality,
demo account is just a place to learn so don't take it as a parameter,
for sure when real trading then we will feel the difference

A demo is still related to reality but not the money because it is just a practice also most of the others said that you don't feel anything while trading, unlike the real one where you feel all the stress and pressure which is true but still depends on the trade because there are a trader that doesn't want to risk their money first or has still no confidence so they will try it first and the other one is to feel it and also they can easily learn while using the real account but still it is on trader preference since my preference is trying to demo account before depositing money.
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December 17, 2022, 10:26:45 AM
 #75

~snip~They should think that trading is not that easy to do but on the bright side, can deal with the right strategy as long they are serious about building a good trading experience. Losing is part of the game and even professional ones still lose today. What matter there is, they learn after losses and try to minimize it as they progress.


Trading will not be that easy when using a demo account. trading experience will indeed shape our trading style and provide a lot of knowledge about what to avoid so as not to fall into the same mistake. Losses are also commonplace, but you also need to pay attention to the average loss and the profit must be greater than the profit so that trading can continue. The more you have trading experience, the more trained you will be.

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December 17, 2022, 01:22:37 PM
 #76

<...>
Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo accounts are just for advertisement, to make you hook up for trading, to change your mindset about trading, because you will start to think that it is that easy. Demo accounts doesn't give you anything except for false hope, in my opinion, since losing a trade will never bother you because it's just a demo account. The real deal is the real account, real money, and real experience, that'll change everything, it'll will break your expectations therefore if you're not emotionally and mentally prepared, you'll definitely break and will gone berserk.

You'll start to deposit your money until you've got nothing left, you just care about getting back your losses, without enough knowledge to make that happen. That's the negative side effect of it.
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December 17, 2022, 08:59:14 PM
 #77

<...>
Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Demo accounts are just for advertisement, to make you hook up for trading, to change your mindset about trading, because you will start to think that it is that easy. Demo accounts doesn't give you anything except for false hope, in my opinion, since losing a trade will never bother you because it's just a demo account. The real deal is the real account, real money, and real experience, that'll change everything, it'll will break your expectations therefore if you're not emotionally and mentally prepared, you'll definitely break and will gone berserk.

You'll start to deposit your money until you've got nothing left, you just care about getting back your losses, without enough knowledge to make that happen. That's the negative side effect of it.
They arent advertisement but rather a real feature of a certain platform which you could really make use which i  dont really see anything wrong with this.It is really just that people are way too dependent when it

comes to their demo results which on the time that they would switch up on full live account then things turns out to be already messy which is something very common on this kind of circumstances.
You would really be able to differentiate on the time you do get involved on both trading style where demo trading is totally different with live.

Its not an advertisement since you could anytime make use of a certain platform according to your liking after you had make use of other platforms demo trading feature.
If its likely you would be sticking on the same platform then it would really be your choice.People are really that different when it comes to choices.

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December 17, 2022, 09:14:03 PM
 #78

Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Demo account can't be related to a real account in the sense that no one is gaining and no one is losing hard earn penny it's more like fiction when compared to real account, there are certain features not embedded in demo unlike for that of real account. It's like you having to train for a fighting contest, the training days and the exact day of the contest the psychology differs. Now you want to apply too much carefullnes that were not giving by you before at training and too much carefullnes could at times lead to mistakes.
The untold truth here is that demo doesn't make a mastery it only a pathway of enlightenment to the system.

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isaac_clarke22
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December 17, 2022, 09:26:28 PM
 #79

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This was one of my thoughts when I was thinking of using virtual account to trade or at least practice my day trading knowledge. Now I know why I was right that I should not used those as it is entirely a different experience when you trade with your own real money rather than the other way around.
When using demo account, you might not give a shit at all on how much you lose since you are not losing money anyway.
The mental pressure is different when you are using your own money for real.
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December 17, 2022, 09:30:59 PM
 #80

As you may know or hear from it, is called Demo and can not be taken as real account whatever you do over there is not connected to live market and not the same force controlling the real account that is actually functioning with it so therefore whenever you fund a real account it requires additional knowledge and information, technicality to trade effectively.
Demo is for beginners also to catch cruise with it, it can always be funded back whenever you exhausted the allocated fund.
I was actually trading on demo but after some while practice and knowledge i thought I can do very well and I went on to fund my real account with least fund with me thinking I could make out something from it after funding and I entered trade, I ended up losing all while with the demo I always build up to 4x but I could hardly make profits with real account, after all I just leave trading and I said to myself is not for me.

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