The Problem With Demo Accounts:

I’ll cut right through the case, a demo account is where nearly all traders

begin to learn the trade, whether it’s day trading, swing trading, or long

term investing. Experiencing some success many traders feel it’s time to make

some real money so they go live anticipating a demo account is a blueprint

for a live platform.

BIG MISTAKE.

Many soon begin to realize:

What happened? where’s my discipline? What happened to my money management

skills?

So what’s the issue?

Well as you know Most demo accounts have a starting balance of $50,000-

$100,000 which is difficult to blow, so many traders initally sustain a

comfort zone knowing they have a nice cushion to fall back on and as a result

can absorb many losses and trade completely different in comparison to a live

account.

Many ask,What’s The Answer?

Try to establish a realistic trading pattern, this is established by

implementing a balance in your demo account which reflects what you’ll use in

your live account, very powerful learning curve without question.

You will trade much differently with a $50,000-$100,000 balance as opposed to

an account with just (let’s say) $2,000. So if you plan to go live with

$2,000, use this balance with your demo account as well. This will limit your

trades and establish better discipline patterns. You will realise your

thought process is more conservative and prudent.

Every time you blow out your $2,000 account you’ll become a better more

decisive trader. you’ll be amazed at the learning curve and as a result more

prepared once trading live.

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