Demo Account, Should Not Be Related To A Real Account

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Quote from: gabbie2010 on December 25, 2022, 02:05:08 PM

Quote from: DanWalker on December 22, 2022, 08:14:40 AM

Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

I think emotions takes a major role in Live trading compared to demo trading, my wife started demo trading few weeks ago she was making profits consistently having been convinced of her profits consistent making, I deposited $10 for Live trading Lol and behold she rekt and blown out the fund within a week, well she had realized her mistakes and I made her understand the difference between demo and Live trading, most especially while trying to chase losses in Live trading she will ended up incurring many losses unlike demo trading where she will quit and wait for another trading opportunity.

According to what I have thought and what many traders do not do, the demo account is to know the tools that the exchange has, and also to apply some of the trading strategies or trading plan that you have, but in my personal opinion yes I see it as necessary to always have a demo account to see how I can react to any eventuality, and even place buy, sell, buy or market limit orders, to find out if the platform has some kind of take profit + stop loss associated with it and put it up to date. At the same time, to trade in a relaxed way and only briefly check if you won or lost, that is the menare that I like to trade.

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Quote from: Questat on December 22, 2022, 07:52:38 AM

Unfortunately, many traders failed because of their ambitious thinking like earning money too fast by putting in huge capital. They neglect to see the risk as what is in their mind is to become millionaires in what they see and hear from social media. A person who thinks like this will easily get slip and lose hope.
The expectation is different from reality. Many people had think that trading could give them a better life but never know this will give them pressure and stress.

Too bad, I am one those people who thinks like this. I had a chance to learn trading last time because I got a kinda big ROI in one of my investment last year but then I become more greedier than normal days, instead of using it in spot since I am still a newbie trader I used it in futures I did not try to use demo account or demo trades before I enter futures, my money were being taken away from me a month after I got it. It is a lesson for me , i lifelong lesson that teaches me the harder way.

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Quote from: Minor Miner on December 26, 2022, 07:37:18 AM

It is true that starting with a demo account will help you gain skills and experience, and also help you avoid losing money before starting with a real account. But it also has its downside as mentioned by @Eternald, your mentality will be very different, and in trading psychology will be an important factor to produce results.
You use the demo account expertly but when you use the real account to trade, to me you are still a beginner. Because your mentality has changed, it will cause you to make different decisions and will produce different results.

that's how I felt at the beginning I traded and also played at the casino. with a demo account, we can do without the burden of placing trades.
but when using a real account with our money, the feeling that occurs is that it's easy to panic. very quick to make new decisions when conditions do not match the original plan. more precisely it makes us panic sell and buys.

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Quote from: Insanity on December 25, 2022, 10:58:43 PM

Quote from: Eternad on December 19, 2022, 11:38:13 AM

Quote from: ?? on ??

It is a pity that many people often confuse a demo account with a real one, and then they are surprised by the negative results. I advise you to first actively and efficiently learn on a demo account, and only then try your hand at a real one. When I started working with a broker from Amarkets, I did just that.

Trader that using Demo usually don’t feel pressure when using it that’s why it gives a different result when the same trader use the real account because will always cloud there judgement to think the right strategy for there trading since they will consider already the sake of there money involved.

Actually demo account and real account is just the same technically. Only the trader mind is changing that’s why the result differs for both account.

I learned trading using Demo Account when I was a newbie and did not know much about trading. I think Demo Account will be very helpful for newbies to learn trading. I now understand that learning Trade using Demo Account has benefited me a lot. If I If I had traded with my real account first, I might have lost all my money.

It is true that starting with a demo account will help you gain skills and experience, and also help you avoid losing money before starting with a real account. But it also has its downside as mentioned by @Eternald, your mentality will be very different, and in trading psychology will be an important factor to produce results.
You use the demo account expertly but when you use the real account to trade, to me you are still a beginner. Because your mentality has changed, it will cause you to make different decisions and will produce different results.

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Because it doesn't give you the same level of experience or accurate representation of the real forex market. Demo accounts often have more favourable trade conditions than real accounts, which can lead to a false sense of confidence and unrealistic expectations. Moreover, trading on a demo account also doesn't give you the same level of pressure or consequences as trading with real money, so it's not a true reflection of how you would perform in a real-money trading environment.

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Quote from: Eternad on December 19, 2022, 11:38:13 AM

Quote from: ?? on ??

It is a pity that many people often confuse a demo account with a real one, and then they are surprised by the negative results. I advise you to first actively and efficiently learn on a demo account, and only then try your hand at a real one. When I started working with a broker from Amarkets, I did just that.

Trader that using Demo usually don’t feel pressure when using it that’s why it gives a different result when the same trader use the real account because will always cloud there judgement to think the right strategy for there trading since they will consider already the sake of there money involved.

Actually demo account and real account is just the same technically. Only the trader mind is changing that’s why the result differs for both account.

I learned trading using Demo Account when I was a newbie and did not know much about trading. I think Demo Account will be very helpful for newbies to learn trading. I now understand that learning Trade using Demo Account has benefited me a lot. If I If I had traded with my real account first, I might have lost all my money.

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Quote from: DanWalker on December 22, 2022, 08:14:40 AM

Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

I think emotions takes a major role in Live trading compared to demo trading, my wife started demo trading few weeks ago she was making profits consistently having been convinced of her profits consistent making, I deposited $10 for Live trading Lol and behold she rekt and blown out the fund within a week, well she had realized her mistakes and I made her understand the difference between demo and Live trading, most especially while trying to chase losses in Live trading she will ended up incurring many losses unlike demo trading where she will quit and wait for another trading opportunity.

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Quote from: goinmerry on December 23, 2022, 11:55:20 AM

Quote from: Obari on December 09, 2022, 10:50:48 AM

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

Users are more relaxed on a demo account since nothing is at risk here. No worries if their trading actions will result in a lose.

They might think that the experience is just the same in real trading.

As a result, emotions now take place as real money is now at risk. Since these users are new to the actual pressure of doing trades, they are having a hard time to adjust with the situation and that affects their way of handling their strategy.

You are really that relaxed because you do know that you cant really lose money with this and this is really a good way on making yourself that familiarize on other aspects but well it does really lacking out that
emotional training or something that do really correlates about on how you do control yourself when it comes to various decisions. Real accounts is much more preferable since you could really make yourself
that able to enhance yourself in both emotional and psychological aspects.You would really be that too careful and too serious on every actions you do make because it would really cause
you loss of money if you've done something not really that putting up some analysis.So, you should really be careful.

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Quote from: Obari on December 09, 2022, 10:50:48 AM

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

Users are more relaxed on a demo account since nothing is at risk here. No worries if their trading actions will result in a lose.

They might think that the experience is just the same in real trading.

As a result, emotions now take place as real money is now at risk. Since these users are new to the actual pressure of doing trades, they are having a hard time to adjust with the situation and that affects their way of handling their strategy.

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Quote from: DanWalker on December 23, 2022, 09:40:50 AM

Yes, it depends on each trader, I have tried both. Maybe you are more disciplined than me because when using the demo account, I can't concentrate or be serious in trading. I always know that it's a virtual account and won't lose anything even if I place the wrong order.
I used a real account from the beginning with the smallest amount, and you are right, I lost money the first few times. But I'm really focused because I don't want to lose any more money, and I'm more mature quickly using a real account.

Yap, that's right, the demo account is just a virtual game, and there is nothing to do with real trading. This may be useful only to understand the functionality of the toolbar, but no more. In trading, I cannot boast of any results, I have very little experience so far, and little time for me to thoroughly understand this. I tried to use a demo account, but I realized that for me it is a waste of time, I know that no matter what I do, I will not lose anything, and the value of this is close to zero. It is better to set aside a small budget for yourself and try to trade with real money, the responsibility will be much higher and the experience gained will be much more valuable.

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Quote from: xSkylarx on December 22, 2022, 10:56:04 AM

Quote from: DanWalker on December 22, 2022, 08:14:40 AM

It depends on the trader. I started in a demo account since I don't have money to deposit just to make it lose but I learn from a demo. You have a point that at first, it has no emotions but just if you have discipline and keep thinking that this would be like a real one so you should be serious about this it turns out working on me, I made a lot of mistakes if it is in real account it would be a big loss on my side. I feel more confident when I am ready to deposit money on the platform, it can boost my confidence. It really depends on the trader what he wants and what is working on him though

Yes, it depends on each trader, I have tried both. Maybe you are more disciplined than me because when using the demo account, I can't concentrate or be serious in trading. I always know that it's a virtual account and won't lose anything even if I place the wrong order.
I used a real account from the beginning with the smallest amount, and you are right, I lost money the first few times. But I'm really focused because I don't want to lose any more money, and I'm more mature quickly using a real account.

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Quote from: Fredomago on December 22, 2022, 03:16:54 PM

Quote from: abel1337 on December 22, 2022, 11:34:15 AM

Yep it depends on who are using the demo account. Some treats the fake assets on the liquidity account as their so they can have the discipline they need to trade.

They are practicing on how they will manage to adjust to each scenario that will take place when they
are inside the real market. Some are good at establishing their mindsets and keep things in the right place.

In that case, we can say that traders can make a good trade and earn a profit. They spend time using a demo account in order to familiarize the nature of the market and tried to look for effective strategies. So, if they learn from it then surely they can apply it in real trading but unfortunately, many had changed their minds and lost their trick as they got influenced by their emotions and FUDs.

This is why even if you have 5 years of using a demo account but still have no control over your emotions, nothing really happens in actual but just losses.

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Quote from: abel1337 on December 22, 2022, 11:34:15 AM

Quote from: xSkylarx on December 22, 2022, 10:56:04 AM

Quote from: DanWalker on December 22, 2022, 08:14:40 AM

Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

It depends on the trader. I started in a demo account since I don't have money to deposit just to make it lose but I learn from a demo. You have a point that at first, it has no emotions but just if you have discipline and keep thinking that this would be like a real one so you should be serious about this it turns out working on me, I made a lot of mistakes if it is in real account it would be a big loss on my side. I feel more confident when I am ready to deposit money on the platform, it can boost my confidence. It really depends on the trader what he wants and what is working on him though

Yep it depends on who are using the demo account. Some treats the fake assets on the liquidity account as their so they can have the discipline they need to trade. I personally suggest people who want to learn trading to use demo trading account since they can learn a lot of things there without risking any of their assets. Of course there are people who are being over confident just because it is a demo account and somehow they bring that over confident characteristic in real trading that's why some traders who came from demo trading product bad habits on trading. It will all depend on the people who use that. I highly suggest to learn the fundamentals of trading first especially the psychology of trading to avoid developing those bad habits.

Being overconfident is most likely the things would happen when you do deal up with demo since you do have in mind that you cant lose money which it wouldn't really enhance your emotional skills when

you are dealing with Demo but in speaking with knowing terms and other things technically then it is really something that is really needed and considerable.There are really just things which

cant really be enhanced like emotional aspect when dealing with Demo trading but its not bad on starting up yourself with this area.

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Quote from: abel1337 on December 22, 2022, 11:34:15 AM

Yep it depends on who are using the demo account. Some treats the fake assets on the liquidity account as their so they can have the discipline they need to trade.

They are practicing on how they will manage to adjust to each scenario that will take place when they
are inside the real market. Some are good at establishing their mindsets and keep things in the right place.

Quote

I personally suggest people who want to learn trading to use demo trading account since they can learn a lot of things there without risking any of their assets.

They can learn indeed, there's always a good impact when using demo if the trader, especially if they are
new in the market. If they are willing to take the big risk, whatever the actual outcome takes place. Demo
is a glimpse, but there are many changes. Once you are in the actual process, you need to have a strong
nerve to keep your composure and to stay with what you believe and learn from the demo practices.

Quote

Of course there are people who are being over confident just because it is a demo account and somehow they bring that over confident characteristic in real trading that's why some traders who came from demo trading product bad habits on trading.

Big factors that will lead them to lose, bringing bad practices anticipating with conclusive position things
that are needed to be learned, adjustment and lots of adjustments when you are working with the live
trading account and risking your money.

Quote

It will all depend on the people who use that. I highly suggest to learn the fundamentals of trading first especially the psychology of trading to avoid developing those bad habits.

Fundamentals with deeper research and study to keep enhancing your knowledge, real trade always have
new influences that you need to cater to continue your journey.

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Quote from: Obari on December 09, 2022, 10:50:48 AM

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

Demo and real accounts should always be separate. The former urges you to be bolder and braver in your trading decisions whereas the latter needs you to think things a lot of times over before you execute the trade. Real accounts have no safety net nor training wheels the demo account provides, and mistakes are costly as it involves real money that is constantly at stake.

Quote from: Obari on December 09, 2022, 10:50:48 AM

~why do you think people still start making losses on real accounts after long time trading demo successfully

They heavily apply the principles and lessons they were taught in demo accounts that does not apply when it comes to trading with real money. In demo accounts, the platform will always tell you to go for that trade, close that position, enter a new price point without hesitations because it pushes you to take the first step. By doing so, some people who worked with demo accounts thought that it's always okay to apply these principles on their trades without knowing that it puts them at risk of losing money faster than they do on demo accounts.

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Quote from: xSkylarx on December 22, 2022, 10:56:04 AM

Quote from: DanWalker on December 22, 2022, 08:14:40 AM

Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

It depends on the trader. I started in a demo account since I don't have money to deposit just to make it lose but I learn from a demo. You have a point that at first, it has no emotions but just if you have discipline and keep thinking that this would be like a real one so you should be serious about this it turns out working on me, I made a lot of mistakes if it is in real account it would be a big loss on my side. I feel more confident when I am ready to deposit money on the platform, it can boost my confidence. It really depends on the trader what he wants and what is working on him though

Yep it depends on who are using the demo account. Some treats the fake assets on the liquidity account as their so they can have the discipline they need to trade. I personally suggest people who want to learn trading to use demo trading account since they can learn a lot of things there without risking any of their assets. Of course there are people who are being over confident just because it is a demo account and somehow they bring that over confident characteristic in real trading that's why some traders who came from demo trading product bad habits on trading. It will all depend on the people who use that. I highly suggest to learn the fundamentals of trading first especially the psychology of trading to avoid developing those bad habits.

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Quote from: DanWalker on December 22, 2022, 08:14:40 AM

Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

It depends on the trader. I started in a demo account since I don't have money to deposit just to make it lose but I learn from a demo. You have a point that at first, it has no emotions but just if you have discipline and keep thinking that this would be like a real one so you should be serious about this it turns out working on me, I made a lot of mistakes if it is in real account it would be a big loss on my side. I feel more confident when I am ready to deposit money on the platform, it can boost my confidence. It really depends on the trader what he wants and what is working on him though

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Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

When I first started trading, a friend told me the same thing, and I felt it was right not to trade with a demo account. With a demo account, we will not be serious about starting and even trading a bit sloppy as we all know they are virtual, not real. Over time, it will form a bad habit for us and when using a real account, it is easy to make mistakes due to habit, or when using a real account, the psychology will be heavier. Start trading with a real account but with minimum capital. Don't try with a demo account, it does more harm than good for us.

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Quote from: Obari on December 22, 2022, 04:39:53 AM

I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

Unfortunately, many traders failed because of their ambitious thinking like earning money too fast by putting in huge capital. They neglect to see the risk as what is in their mind is to become millionaires in what they see and hear from social media. A person who thinks like this will easily get slip and lose hope.
The expectation is different from reality. Many people had think that trading could give them a better life but never know this will give them pressure and stress.

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I do love the engagement I'm getting so far on this thread and I'm happy seeing alot of people making meaningful contributions to a topic and also helping solve problems.

I also realized that one if the major reasons people shouldn't relate demo account to real account is the much expectations attactched to trading real account with real money.
To further explain this, most people after practicing on a demo account, move straight to real account with all the hopes of making millions or possibly making twice their capital and when that fails, they start revenge trading and end up blowing their account.

Topic: Demo Account, Should Not Be Related To A Real Account (Read 959 times)