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hone your trading with a demo account and a real account


rizal83

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Well in all kind of account we have i think that demo account and real account is reasonable for not involved emotions, because emotions will make us bias when we trade and i think this is not what we want, right? Also the worst thing when we excessively use our own emotions to trade in real account where the present risk is real

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I bet that not all people want to hone their trading in demo account, i even saw a claim that he/she trade since he/she was quite young from real account, so demo account is useless for him/her.

Indeed not all trader they willingly to spent time practice in demo account because although they can making good profit all profit unwithdrawable, and usually trading in real account usually as trader will involved emotion and will happy if get profit but will sad if get loss, and hone trading skill is important in real account
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Of course, in this forex trading we do have a lot of practice to further hone our trading well. By doing so, the results of our trading will be maximized. TICKMILL demo account will help us to further sharpen the analytical skills well

Yes and honing is the best in demo account and as you can see many will agree with this, just see the concept of demo account. That is a good place for someone who train their skill and make theirselves as the better trader without need to sacrifice nearly everything.

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Sure it is good thing, first we can get the real experience and the second one is that we can get the real income from this business. Sure, but how about when you lose? You get experience and you lose for real. See? You don't think about the worst but just think for the good only. In real account you get both in demo account you get just one which is experience

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But our psychology, it's involved on real trading because it affects our own decision when it comes to facing the outcomes of the trading itself

 Right, that's why we need to use real account with small amount first before we use bigger amount when trading. After we learn basics of forex trading using demo account, real account will teach us about trading psychology

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Forex trading is risky, emotion during trades often involved in all trading activity and if any trader already having good attitude and also mindset hence forex business will giving fun and enjoyment, but if any trader they always trade based on emotion and high desired to making quick money usually will often fail

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Forex is risky and if we can not minimize the risk in forex trading we will not get maximal prorit. We can learn it from  demo account and make sure that account is used it properly. Sometimes because it's virtual money, trader can not use demo account well.

Might not all trader like using demo account, but some trader might suggested using demo account with seriously, especially if they want to backtest any system trading which will very important for treat in demo also use risk management rules and risk management rules
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  • 2 weeks later...

If we want to built up better psychology trading then we need using real account, and actually we can start with small capital in real account for learning purposes, and usually if newbie after passed on demo account then using real account they still need adapt to new condition in real account that usually already involved emotion

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promo or utilize the facilities provided by the broker can increase knowledge and experience on forex trading. so I think if we lose as traders can not take advantage of the facilities already provided by the broker for our use or to be utilized. because in addition we got the science, we can also benefit if it could become a champion in a contest demo account for example

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Get victory on demo contest indeed also giving proud feeling and will get prize, and if become winner also sometime can increasing name popularity and might if there are investor that having interest might they willingly to giving trust to the trader and start trading with profit sharing

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Some people believe that they should trade in the live account first, in fact, that is their problem. What we need to do is that we should learn to trade in the demo account and we should learn to start practicing in the live account after we get knowledge from the demo account

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Indeed will better for new trader they learn and practice with demo account, I am still remember when only using demo a week then jump to real account with making deposit small money then get margin call only three day trading and this might also can become early warning for newbie if demo actually is good to learn first before spent real money

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Sometime one mistake during practice in demo account because any trader they using big initial capital while in real account only start with small money, I think will good if in demo account also trade only use capital equivalent with money that will investted later, but might not all broker giving opportunity start demo account with capital that we will

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