Demo is demo and Real is Real. In my view demo can help us learn about forex but cannot give real experience as we cannot open and close trades as freely in real account as we do in demo account. So real experience will come on real trading only.
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Demo is demo and Real is Real. In my view demo can help us learn about forex but cannot give real experience as we cannot open and close trades as freely in real account as we do in demo account. So real experience will come on real trading only.
The demo account is just for the practice.And it is not equivalent to real account.The trading startegy is same,but the money you put in the real account is the only thing to be differ from the demo account.In demo account losses are considered to be a big thing but real account is not like that.
According to my opinion traders don't take any high risk in real account.It will be good for your trade.
I am agree with you, demo account and real account is different but the difference is not quite much. Its difference only
on its psychology condition when we used demo account and real account. In demo account, we will use virtual money so there
is no risk at all when we made mistakes. It's different with real account which always faced risk in trading.
when we use demo account trading, we feel less fear. As the money is fake in demo, we don't really care about that. So we trade without fear in demo which leads us in being good traders. But when we go for the real trade, we fear of losing our money. And that fear lead to loss ultimately.
The demo account differ from live trading:the main obstacles are of psychological nature, mr . fear, mr . greed and subconscious(better to said it as unconscious) factors play out in a fashion you cant imagine until you 'live' it through .
Almost every body is emotionally tied to money and success and that ties on origin of all the trouble.
we can not open demo account with $30. there is minimum amount is $3000.
but there is one other idea.. choose the leverage that you want in real account and made a money management account to your $30. that money management we can apply with $3000.
like if in $30 our lot size is 0.01 then in $3000 the lot size is 1. in same way your risk & reward ratio also change.
you are right..in demo account we can not learn how to control feelings..if we got good profit in real account we are so so happy and if got loss then we are very sad.
if you are new then you should trade in demo account for one -two months..but if you have already demo experience than you can open a cent account and trade there..it will give how to control emotions also.
i think there is big difference in the real and demo account because in the demo account there are no emotions but in the real account there is factor of emotion which is very difficult to avoid
In demo, we are trading just like playing a game without any fear of loss and profit. When we come in real trading which starts with fear of loss, which is too difficult to bear loss. Therefore, demo is very easy and real is much difficult