From Demo To Hero

forex-demo.jpgDemo trading is the first step journey to the forex world, a learning progression and transition to real money trading, it is critical that the paper trader only trades exactly what, and how they would trade with real money. One viewpoint is that since demo trading is not real, the profits are meaningless, and are no indication of real money profitability.

An opposite viewpoint would state that demo trading is an important step in the trader’s learning progression, and regardless of whether it is real, if the trader cannot properly do the demo trade, then they will not be able to real money trade.

Many demo traders continuously and knowingly do over trade with no plan trades, with trading size that is greater than they could afford the margin for in a real account, they let the risk of loss, while also holding trades for risk amounts that they would not accept with real money.

Don’t allow yourself to turn demo trading into a game, supposedly because there is no risk, this will making bad habits that you can’t correct is tremendous, and will circumvent any attempt to trade real money. This is the time to learn your basic trading setups, and make necessary adjustments to them in order to make money.

 

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