Yea, 5 years. Its sad. A combination of things me thinks... 1) complacency in life. No urgency. 2) A bigger than little whiff of perfectionism/procrastination 3) looking for a/the grail 4) aversion to loss, even minimal. 5) Demo has no real-life consequences/affects good OR bad. Demo mode mentality is instilled/ingrained. The IDEA of flipping the switch, for a day or even for 1 trade and having a real-life outcome is actually painful. Pleasure is demo mode.
Beyond the price of a tennis ball and racket, on a public court, tennis cost you nothing. A trading account with most brokers cost something whether or not a trade is ever put on. And correct me if I am wrong but aren't demos only allowed access up to a certain period of time before they would expect you to actually rack up some trade commissions for them.
OK, I also race sailboats. Never earned a dime, spend some serious dimes. Don't regret it for a moment, and although there are some crazy sailors I'm not sure it's fair to call it a mental illness. Way to nit pick the example and miss the forest for the trees though.
I've had that discussion... Data feed is a necessary cost for the "education", but not considered a loss!
This is true, you know i haven't really thought about it in this light. It could just be his passion and nothing more, whether he gains or loses it doesn't matter.
Well, at least he won't lose anything. The data on losers and winners show about 80% lose their money in 90 days. He will definitely will be on top of that 80%
Honestly, we should just trade forex just because of passion only, else we will just be giving money away. Money we can invest somewhere else, for me you can mix passion with ambition in the market so that you can profit.