Demo Account, Should Not Be Related To A Real Account - page 6.

Baofeng

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

Because of the obvious, demo account is just like that, it's purpose is for you to test how trading, no real money involved just the experience.

But with real account, it's very different, there is this pressure already that you will net to perform just like what you did on a demo, very successful. But then again, this entails real money so just a simple mistake will make you lose money. So we shouldn't compare the two, at least take advantage of the demo account. But it doesn't mean that you can replicate it to real trading account so we have to get that on our mind when we go on real accounts.

sulendra12

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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

Simple, while on Demo you are using virtual worthless money to represent your "capital" so you don't have a sense of scared and panic when the price drops down below your expectation.

While during real-trade once the bad situation comes, when the nerves kicks in and they let the emotions controls them after that they start losing. Emotion management is really important during trading that you cannot experience it while using demo account.

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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

Well, it's meant to be a demo account for a reason and it should be treated like that and relating it to real account beforehand seems to have no use case. You're doing it for a demo. I don't think demo account trading is 100% success, maybe people are just getting the panic when they trade and start losing real money.

goaldigger

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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

If you are going to use the same platform then somehow its connect but of course, you can’t expect the same result since you are more careless when using Demo account while using the real account you are more careful especially if you are going to trade with real money already. There are times that we earn more on a demo account but its not guaranteed that you can earn that profit as well on your real account. Trading is very challenging, anything can happen so better to always trade with analysis, don’t listen with the hype and control your emotion.

Lanatsa

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Quote from: stomachgrowls on December 09, 2022, 04:12:32 PM

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

Demo to real accounts are indeed connected since you are really trying out to test out your skills and trying out to familiarize those indicators and market movement.The only thing that mainly differs them is that you wont really be having any emotions with Demo account since you do know that you cant really lose and you are just trying to make use of fake balance which means that you cant really be that so serious
on each trades that you are making since youve got nothing to lose and this is their main difference.You cant be serious on inputting those strategies unlike when you are dealing with
live account where it would really be giving out that different vibe since you do know that you would lose up money on the time you had made out a bad decision.

This is on point!

You are fearless because you aren't risking your money or balance.
You are emotionless because you do know that you wont lose money in case you had put up a bad trade.
You are not serious and anytime could go back in and out as you want.

This is one of the most common behavior when you do deal up with demo and just like you said that on the time that you are already gambling out with your money
or real funds then this is where things becomes different and you would definitely be able to notice it out directly.

Johnyz

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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

If you are already trading with your real money, your emotion change and probably your trading decision will be affected as well. Demo account is just like a trial and error phase for you, and the real challenge here is that when you finally deposit real money and start trading with it. Many trader loses their money instantly because they failed to analyze and they forget not to focus too much with their emotion. Learning how to trade properly will always takes time, don’t rush and just focus on your knowledge first.

stomachgrowls

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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

Demo to real accounts are indeed connected since you are really trying out to test out your skills and trying out to familiarize those indicators and market movement.The only thing that mainly differs them is that you wont really be having any emotions with Demo account since you do know that you cant really lose and you are just trying to make use of fake balance which means that you cant really be that so serious
on each trades that you are making since youve got nothing to lose and this is their main difference.You cant be serious on inputting those strategies unlike when you are dealing with
live account where it would really be giving out that different vibe since you do know that you would lose up money on the time you had made out a bad decision.

The Cryptovator

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The purpose of the demo account is to inspire you to use the main account. So not many people lost faith in demo accounts, because if you were disappointed with demo accounts, you would no longer use main accounts. Most likely an algorithm involving manipulation. I'm not sure if you're referring to expert option trading. Otherwise, I'm not sure who provides you with a demo account. However, you may learn and give some perspective into trading on a real account.

Osama Maaz

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I use Demo accounts but its not feels like real the best strategy is go to small exchange which allows to trade with low money like 1or 2$ and try to double the amount which you have i suggest use 10$ trade in spot its not for your earning its for learning so focus on prices on which the market rackets it maybe s older support level try to note why this high volume candle created practice for 3 months from 10$ you need to make 300$ in this time , place TP SL for securing your position.

South Park

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

The most important difference between the two will be the emotions that you feel, if you are using a demo account even if you make a mistake and you suddenly find yourself losing 30% of your capital this will not affect you since you know it is not real money and you could even recover that money if you are a good trader, however if you were losing that amount in your real account it will be way more difficult to be calm about it, and instead such a loss will increase the chances you will make an additional mistake, and in those circumstances this could be the end of your career as a trader.

AbuBhakar

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

~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 using the actual currency price that same with actual trading. They are always related and the performance on demo account should be same on actual if trader will not consider emotion on trading.

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

Do you know someone that in this kind of situation or you are just basing on random comments online claiming they are using demo account successfully yet they are losing on actual trade. Because you are can be considered as a pro trader if your demo trading portfolio has high win rate since you can only experience consistency on trading if you have a strategy.

The only factor that I know that will make a successful trader on demo that will lose on actual game is when he is trading money that he can't afford to lose.

Edwardard

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

~why can't we relate demo accounts to real accounts

Simple, demo account = fake money
Real account = Real money
Just like you dream 💭 big in your sleep about being a millionaire doesnt mean you're one in the day.

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

Pyscology completely gets shifted when real money is involved. Like in demo trading, you may wait for your sl to hit before exiting a trade, but you would make silly mistakes with real account and try to exit way before the sl is taken (thinking about minimizing loss) then take opposite trade to get back those smaller losses, but they catch you naked in the end.
You can forget a fake trade, but you'll never forget the real one. And remember, The more you stare on your open trade, the more the chances become of making mistakes!

Oshosondy

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

~why can't we relate demo accounts to real accounts

It is related because demo account is for newbie traders to practice trading before they start using small amount of money to begin trading.

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

A newbie can also lost on demo account.

If the profit was more while using demo account, but losses was more while using real money to trade, it is because of emotion, but lack of good strategies can also be part of the reasons.

Like today, I won little amount of money, I close the trade, but knowing that the market will still go up, the market when up and I am not that excited. If it is demo account, that emotion will not exist during profit and losses, and making the trade not to be a real one.

Obari

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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

Topic: Demo Account, Should Not Be Related To A Real Account - page 6. (Read 946 times)