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Cryptocurrency Trading / Re: Are you using a Demo account to practice trading?
« on: Today at 04:10:01 PM »One of the most important things in trading is to avoid mistakes related to technique and capital management + emotions. It is clear that demo accounts can help investors prepare better for this, even though they cannot be as good as real money accounts with real losses + profits. I am quite curious about the trading method that your brother is using to generate such good profits, it would be more interesting to see the balance growth when he uses demo accounts and real accounts. The difference between them can help us understand the difference between using demo accounts and real accounts.We won't get risk and emotional management when using a demo account, because in a demo account we won't feel the fear of losing the money we have, so that makes us better when doing analysis.
On the other hand, in a real account we will feel fear and that is actually what makes us doubt the results of our own analysis. However, as time goes by, we will definitely be able to suppress that fear and become even better when trading.