{"id":1555,"date":"2018-07-20T07:50:41","date_gmt":"2018-07-20T06:50:41","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1555"},"modified":"2019-09-09T12:42:49","modified_gmt":"2019-09-09T11:42:49","slug":"demo-real-trading-psychology","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/demo-real-trading-psychology\/","title":{"rendered":"DEMO and REAL TRADING – Psychological aspect"},"content":{"rendered":"

1 min read<\/span><\/i><\/p>\n

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Demo and real trading are similar and different at the same time. With a demo account, you can practice trading without stress, without any possibility to lose real money. When it comes to the real account the situation is slightly different. That is why we want to discuss the psychological aspect of these differences <\/span><\/p>\n

It is really important to know <\/span>HOW <\/b>to trade before you make your first step in<\/span> RL<\/b> and the world of trading.<\/span><\/p>\n

As a newbie trader<\/i><\/b>, you have to<\/span> practice demo trading<\/i><\/b> first before going live. <\/span><\/p>\n

Through demo trading, you are able to hone the basic trading skills, develop your trading plan, conduct risk management, and understand trading psychology.<\/span><\/p>\n

After you become able to show consistent profitability and build up your confidence in taking trades, you may decide that it was time for you to open a live trading account<\/strong><\/em>. <\/span><\/p>\n

Oh, yeah! <\/span><\/p>\n

You already scored successive wins on <\/span>DEMO<\/b>, making the tremendous profit with real money at risk shouldn\u2019t be so big problem. <\/span><\/p>\n

And you think you are right.<\/span><\/p>\n

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