Investor, trader, player. Greed is bad

Do you need it?

Therefore, trading on demo should be treated as seriously as on real. Conduct a full-fledged fundamental and technical analysis of the selected financial instrument. Keep a trading diary. Do not be lazy to perform calculations and current records (lot size, number of open orders, stop-loss and take-profit settings, etc.). Fighting for every virtual cent on your demo account is an essential skill that will help you out more than once.

In trading, as in most other processes, haste is not appropriate. The case needs to be given time to ripen and bear fruit. As Warren Buffett says:

Even if you are very talented and make great efforts, some results just take time: you won’t get a baby in a month, even if you get nine women pregnant.

And if your results on the demo leave much to be desired, it’s just too early for you to switch to real account, no matter how much you would like it. It will take as long as it takes. If you come to stable profitability on the demo in three years, then that’s exactly what you need. In five years, that means in five years. This is better than rushing into the real market in a week, absolutely not ready.

And just give the broker your money.

The correct sequence of professional growth:

Demo account (100% profit with a drawdown of no more than 30%)

Cent account (similar benchmarks)

Real account of $1000 or more (without restrictions on the result)

If you “stumbled” at a certain stage, go back. For example, you did not cope with the cent account, practice again on the demo. And don’t set any deadlines: “in a month I have to” or “by the end of the year I plan to earn so much and buy this and that.” The market is not going anywhere from you. The market will be in its place tomorrow, and the day after tomorrow, in a year and in ten years. Whether you will be in the market with money by then is a question.

To sum up: trading on demo should be treated as seriously as if your real money was at stake. Moreover, there is absolutely no difference in appearance. The same trading terminal, price movement charts, financial instruments, stock quotes changing every second. And the same numbers in the columns “Balance” and “Profit”, depending only on you. The whole difference is in our heads. Therefore, calmly, without haste, with pleasure – learn to make money.

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