Delete the Results Differences from Demo Accounts and Live Accounts

Delete the Results Differences from Demo Accounts and Live Accounts

Forex trading

Forex trading

You must already know the difference between a demo account and a live account. That is the use of risky capital. If you are a beginner trader it is always advisable to use a demo account in advance provided by the broker you choose. Every broker must offer this. The goal is to learn and feel for the experience of using the broker platform. Because of different broker will be different sense broker.

The next difference is in terms of trading results. Many traders who trade with a demo account will feel the advantages while when switching using a live account they suffer losses. Well, this article will give you a little picture and suggestion for you.

So how to make trading result with live account resembles trading result with demo account? The main answer is to get used to the logic and emotions you work for live accounts.

The first step is you are advised to start trading with a small position on a live account. Do not jump to big risks. If you are trading with a very small lot, you will not destroy your account, but you will learn what mistakes you make when you switch to a live account. Regardless of the lot or money you risk, your brain will work very differently than when you are trading with a demo account.

Create logs or journals from trading with the small lot. Write down mistakes, what your mindset is, why you do what you do, and why you are doing it wrong. The next step is to write down the solution to this problem.

Continue this process until you become more consistent in following your plan. Of course, you will never eliminate the error completely, but this process will help you become much more consistent in following the plan and not deviate from your strategy.

Do not trade with demos forever. Your ability will only increase slightly. Trading with demo until you have a basic trading plan (with strategy and money management) that you feel comfortable for execution. Then switch to live account and your trading ability will increase fast.

author
Forex4Live.com is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
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