Great advice. When trading a demo account do you find yourself taking a little more risk because it's not real money?
I used to, and that for sure is a part of the psychology of trading. My trading style is so much more indicator based then it used to be, so in the demo accounts i am testing out indicators and systems. I still use my money manegmet rules, so to answer your question, no i dont take more risk, i may lose more often because of how i am testing, but i am taking my entries exits on indicators.