Oh no! Overtrading is a very dangerous thing. Try to stay away from that even if it’s on a demo account.
I have to disagree with you. It is not like demos don’t serve any purpose at all. Like I’ve been trading on them with XM and Fxview for some time and I think they have done nothing but improve and added to my trading style. Something I would not have had with live accounts without losing a lot of money. I think they work if you’re actually serious about trading. Just my thought.
Did you try making your demo realistic by excluding orders that you would haven’t filled in the real trading? Also there are options like factoring in the slippage, not going over the board with the capital amount, and incorporating the external stimulus making the demo wins and losses real.
Stimulus trading with huge capital I believe will give the trader an unrealistic safety net Paul. Don’t forget that a loss on the smaller account is much difficult to recoup.
What about the instruments and the volume traded in the simulator? I ‘don’t think a demo trading can replicate the real capital
How about trading the exact small capital in a demo account that you’ll be doing in the live market? There are brokers who allow traders like us to trade a fraction of the demo account capital. Give a shot to fxview, pepperstone, or avatrade. might work similarly well how it did for me.
Like @Nanpeatear said, try out brokers that offer demo accounts with live quotes with a virtual portfolio to rain in live conditions. I suppose you can learn to analyze the price action, support/resistance lines, chart figures, and how the currency pairs work. It’s really about the broker you select, believe me.
Hah I’m no Einstein but even I know that almost every trader puts stop loss at support and resistance and that’s why it gets hunted so much. What one should know is how to avoid it. Any thoughts on that?