Page 1 of 2 12 LastLast
Results 1 to 10 of 11
  1. #1
    Senior Member raymond09's Avatar

    Demo account could lead to bringing more greed? !!!

    My question is that when i started trading i went with demo account for learning but i was really amazed with the earning i was getting on demo account but soon i realize that it is only due to the fact that i have more than 5000$ in the balance to trade with which of course most newbie’s overlook and they start dreaming exactly same kind of profit with their investments of 50$-100$ which is never possible and that is the cause of most newbie’s failing so what you say sometimes demo account could lead to bringing more greed?

  2. #2
    Junior Member
    My philosophy is "Trade Small, Earn Big" - Thirty times 50 € will be 1,500 € which is more than most who trade big earn in a month.

  3. #3
    Legendry Member willyw's Avatar
    In most cases demo accounts made profits becuse traders do not feel the pressure on them and also they dont feel the pinch when they loss. Demo accounts will usually lure traders into live trading very quickly. During my time in the 1980s where there are no online trading and no demo accounts, we setup dummy accounts for our new trainee traders to trade and sometimes also setup for our prospective clients to trade. And most of the time they made profits and start open real accounts very soon. When they start trading real accounts the situation is just the opposite, some were so daring in trading dummy accounts and become very timid when trading real account. It is the presure on them and the emotion involved. But now a days, with online trading the situation never changes. The demo accounts with certain features unavailable and the difference in data feeds mades traders eager to rush into live trading. In my opinion, the longer the trader trades demo account the better for them, they can test different strategies and experience different market conditions, especiall those very volatile ones.

  4. #4
    Senior Member LeeChang's Avatar
    Demo trading is really something very helpful when you start your trading career but it has some limitations and willyw explain them very well. After several weeks of successful demo trading every new trader wants to jump into the real trading world and to risk your own money. Then all the problems came, because you have the false thinking that you are already prepared for all the elements of trading, but you still don’t know almost anything about yourself from psychological point of view!

  5. #5
    Junior Member
    I think willyw and LeeChang hit the nail on the head. As far as I can gather a major part of trading is psychological. You have to trade on signals and not your emotions. Whether you are trading $20 or $2000 should not make any difference. At the moment I am just watching movements on various assets and trading on paper. Only when I am happy with my success rate, will I trade live, and all being well, I will gradually build up the amount of each trade.
    Last edited by Daxter; 03-25-2013 at 05:04 AM.

  6. #6
    Specialist Member marvel's Avatar
    There are always emotional moments Daxter!

    Even if you trade only signals you have to decide what will be your risk tolerance and positions size and this is also a subjective element of the trading. Before you become a profitable trader you have to find a way to deal with all this elements, to define the most suitable time frame for you to trade. Nobody could trade with the maximal profitability on all time frames.

  7. #7
    Rookie Member
    It is good to invest small amount and earn big profits.

  8. #8
    Legendry Member willyw's Avatar
    Quote Originally Posted by avamorcle View Post
    It is good to invest small amount and earn big profits.
    Of cause its a good thing to invest a small amount and earn big profits. But never be greedy or else will end up invest small and lost big instead. Investing small amount its best to trade conservatively and start trading small. Small profits accumulate to huge profits in the long run.

  9. #9
    Solid Member
    I am also having your opinion Raymond but it is acceptable all time. Suppose you are newbie here so in that case if you don't practice demo then how can you perceive the trading taste. Even demo is only one platform we newbies can learn everything without depositing any money. But it is true that sometimes demo trader feel a bit greed but it doesn't matter. It can be happen. So one word I want to say that demo account couldn't lead to bringing more greed for newbies.

  10. #10
    Specialist Member runneroption's Avatar
    Quote Originally Posted by crimson69 View Post
    I am also having your opinion Raymond but it is acceptable all time. Suppose you are newbie here so in that case if you don't practice demo then how can you perceive the trading taste. Even demo is only one platform we newbies can learn everything without depositing any money. But it is true that sometimes demo trader feel a bit greed but it doesn't matter. It can be happen. So one word I want to say that demo account couldn't lead to bringing more greed for newbies.
    I have to agree with you crimson69! It is really hard to believe that demo trading could lead to more greed especially for newbies. The greed comes with the real trading.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3