And this days you get almost similar features to that of real trading account, the money is just the only difference I see.
And this days you get almost similar features to that of real trading account, the money is just the only difference I see.
I quite agree, but not many would want to reason in that line. Especially now that brokers have made so appealing that you can now withdraw money won from such contests.
Making money is never going to be easy in any business, but our skills and knowledge make it happen. If we really want to earn money, we will find the way of earning.
Might if there are broker that provided demo contest withdrawable prize, this attract many trader to joined, but there are broker also giving easy rules to withdraw prize like as should making trades certain times with using whatever lot size
It is a pretty big and important difference though. Some things can be learned only when trading with real money.
Trading in real account usually different in emotion pressure that in demo account usually free from these emotion, as human nature actually no anyone want to losing real money
One does have to learn how to trade with real money at some point. That includes losing them, it's inevitable.
forex or futures or stocks all the same, u invest 10,000 and the thing moves up or down 10% u make or lose 1000 dollars, its all dollars end of the day
In the long run, our actions now might determine the end result. So extreme care is needed especially in the market.