Which do you prefer Live Account or Demo Account
There are two types of account in Binary Option. They are demo account and live account. Actually both are important for gaining money. Just a little bit different between them. Demo is like a poker. Here you will get just entertainment only. No money can be earned. On the other hand, Real account is like casino game. Here you can earn huge money within by short time while you can loss all of your money. Now what is your opinion?
I think both approaches you suggest are simply wrong. Demo accounts are good after learning, to test the gained knowledge and intuition. Real life trading has nothing to do with a casino game. If you take it like that, losing is inevitable. Sound knowledge, grown intuition and wise money management go together with a real profitable trader, who has learned to see the psychology of traders behind the candlestick charts.
Trading is an investment and not gambling. In gambling your chances of wining is 50-50 chance. In trading, you analyze the market to lower your risk in the market and your chances of making profits in the market, not wining, will be high and will be more than 50-50 chance.
In any investment there are risks. As long as you aware and know what and where are your risks then you can minimize your risks. "No Pain No Gain". The higher the risk the higher the return. As a trader we must be able to take risk.