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Cryptocurrency Trading / Re: Are you using a Demo account to practice trading?
« on: Today at 07:20:19 PM »Emotional management is the main thing that you cant be able to learn up on doing demo trades.Whereas, you cant really be able to enhance your emotional aspect considering that you arent that risking real money on here and this is why you wont really be that serious that much on this one because you cant lose money.I believe emotions are irrelevant to seriousness. Trading is a harsh business, and those who are not willing to take it seriously will not be able to succeed in trading. Some traders are willing to risk losing money with real accounts to create seriousness for themselves, I don't think that's the right way to do it. Seriousness should come from intrinsic motivation, from responsibility to family.
This is why on the time that you are already familiarize with those basic principles then it would be better that you should be switching up into real live account.
The rest of the learning would really be learnt through this field because you would be really more serious specially on making use of real funds.
I have also presented how traders can practice with seriousness when using Demo accounts: turn the lost $ amount into the number of push-ups or meters in the endurance run, or the trader must pay the equivalent cash to buy household items ^^
Emotions should be limited for traders to protect themselves from market fluctuations: greed or fear can cause traders to lose their cool head. Extreme emotions can affect a trader's sleep and health, which is not what we want.