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Demo account; Is it enough for learning?
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[QUOTE="Easy Trader, post: 66064, member: 12260"] Demo trade to learn everything a trader needs to know to operate. Continue trading demo risk free until proven profitability 6 months to 1 year(or longer) with one trading method. There may be 1-10 years of searching for that trading method that will deliver this profitability(even though most simple methods work fairly well with very diligent discipline). Then go live with a small account(500$) Now tackle inner demons and bad emotional habits and money based beliefs. Live trading without long term results of profitability on demo is foolish, the market usually keeps traders in limbo for years until they submit to the correct disipline or quit. A micro account @ 1:100 leverage opened with 25$ is already over leveraged before a single trade takes place, based on sound money management of course. Its simple! Demo to learn what the heck all the charts,indi's, nuances are. Continue to demo until you have discovered how to consistently pull money from the market, if it takes 5 years....so be it!. Now your mind is free to tackle the "real money" aspect of it, which is no big deal if you do the first part of the process correctly. There is no need to spend 100$ to learn or "enhance knowledge" people preaching this have no clue or are snake charmers trying to get in your pocket. Would a surgeon start cutting people open before he/she truly (deep down inside) proved themselves on "demo" first....No!, but here we are going live after 2 months of trading 8 different systems.....not to mention we're expecting an income that would dwarf the surgeon's. [/QUOTE]
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