I always say that trading is not for the faint of heart and tell people to avoid it if they are not fit for it, because it is those who are alive that are trading. Trading is not that child's play, an easy avenue to make money as many influencers would say. It is a tough task that will drag your money and health with you in some cases which will surely cause emotional trauma and other issues if care is not taken. Imagine the person trading with all or almost what he has and the person is hypertensive, this can trigger unforeseen issues that might take his life.
This is why it is often advised that one should trade with the amount that means nothing to them, after all, if you lose such an amount, you will continue your life as though nothing happened. Even if you started trading and can afford a big sum of money, do not rush to invest the money in there but try it with a little amount. Over time, you will know your risk affinity towards trading and what your nature can endure. Upon detection that you have too much reaction towards the money, I advise you to reduce it or quit trading to avoid further issues.
Perhaps, any person willing to go into trading should firstly try with a test or use demo accounts to see if they can grow to meet up and surpass the challenges of emotions and all such variables that may cause heart conditions and anxiety during trade with a loss on the verge.
The wisest traders are often not those who invest alot, but those who have understood and developed the emotional maturity to know how the market works.
They know when to activate stop loss, when to take a break, when to take profit, how much should be traded with; because they have grown thick skin from learning and understanding how their mind and body reacts to making trade decisions.
Yes it is true that a demo account can be used as an alternative to learning about the basic stages of understanding the world of trading such as understanding how the market works and also understanding how to use some features that can help us in terms of analyzing, but believe me that the real tension and pressure you will feel when you have entered the real account where you trade using real money. Because when you experience a loss on a demo account then you will not be able to feel the real chemistry of anxiety or tension when you experience a loss.
I'm not telling you to immediately trade with real money because yes for beginners anyway this is too risky an idea, meaning that it doesn't matter if you want to use a demo account as an intermediary or alternative to learn about the market because it's pretty good, but maybe I would advise to prepare more like preparing mentally and psychologically when you have started to enter real trading using your money, because sometimes there are traders who claim that when on a demo account they are easy to find profits but when on a real account they even lose more, That is because when on a demo account you will not hesitate at all to make a decision to open a trade because you are using fake money while when you trade with real money there will be a feeling of anxiety that makes you hesitate to make a decision even though it is actually the right situation that in the end you open a trade at the wrong time or when the moment has been missed and finally lose, meaning that mental and psychological have important benefits to make you not fall into emotions when you lose and also you need to have good confidence and calmness in terms of making decisions.
Yes, it is true that wise traders are those who have a correct and precise understanding that will make them build good planning and management of their finances or trading activities, or simply those who know when to row and when to pull over along with applying many precautions such as stop los or take profit.