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Author Topic: HOW DO YOU MAKE MONEY WITH LESS MONEY?  (Read 979 times)
Etranger
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October 01, 2023, 01:23:06 PM
 #141

There is a lot of discussion that trading on a demo account will not bring any real experience to the trader, since the trader will not feel responsible for losing real money.

Also, trading for very small amounts is not better for obtaining the necessary trading experience, since trading for large amounts of money will have a much greater impact on the trader and each significant loss will have an emotional impact, which can also lead to a series of mistakes. There is probably no single correct algorithm on how to become a successful trader, everyone must go their own way, but there are steps that will not bring much results and perhaps they should be excluded.

Trading on a demo account can only show the basic mechanism of a real trading. In addition to the fact that the sense of responsibility and the emotional component of the trader are not taken into account, it also does not take into account the fact that a person can draw certain conclusions and change the strategy, or learn about new trading tools and try them, having fundamentally changed the approach. I think demo trading is more designed not to learn how to actually trade, but to learn how to take actions without which trading in general is impossible. For example, issue different types of orders, top up a deposit, figure out how charts look, for example, candles and depth, etc.

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