A whole lot of places offer that nowadays, it is like rewiring your mind for losing as a natural thing in trading. If it helps then it’s not bad.
I took one on udemy as part of my trading course before I opened my first ever account with Fxview. When I lost all my savings I wasn’t consoled because I had read about it Even now after a year of trading and thankfully losing less, the grief of a losing trade is real. As a policy now I first test my trade on Swissquote’s demo and then apply the same on live, maybe that’s helping.
Demo accounts are alright but one shouldn’t spend too much time on them. After a while they have nothing new to offer.
Yea, I have seen some traders spending years on it, not like they start minting billions when they go live, so what’s the point? One should just get a feel of the trading platform and get an idea about prices etc, that’s all a demo is for.
Like I said before, each one to his own! What one learns in a month, some dim wits can take a year for the same.
Ouch! I actually spent close to 8 months on a demo account before I went live with xtb. Not that I am slow at learning, perhaps a bit too petrified with new things. For a year I practiced scalping and then ultimately moved to day trading despite the losses as a scalper. It took me that long to switch to a more profitable strategy and brokers (lqdfx, fxview) that were charging lesser commission. I always fear the unknown, like a known devil is better and jazz.
generally we dont care about result when trading in a demo but in a real account we become serious and try to trade seriously. there is a difference between psychology nothing without it.
Hahaha that’s funny, so you kept on even while losing, kudos to you for not quitting, scared of that too?