Are demo accounts useless for real trading experience?

[Imogen Beaumont]

There's no real emotion involved, and some say it gives false confidence. What do you think? Is demo trading actually useful?

 

[Mdraghib]

No its not like that you can learn lots things from demo like reading chart patterns, candle patterns and lots things.

 

[Imogen Beaumont]

No its not like that you can learn lots things from demo like reading chart patterns, candle patterns and lots things.

But do you think traders develop bad habits trading demo that hurt them in live markets?

 

[PhoenixJ]

Not completely, but compared to a real account with real money, it's not the same! When real money is involved, your mentality changes and the pressure goes through the roof! Of course it is my experience.

 

[ArnavDeshmukh]

Demo trading only gives false confidence if you treat it like a game, it’s where real skill, discipline, and strategy begin. If you can’t respect a demo account, what makes you think you’ll respect real money?

 

[Imogen Beaumont]

Not completely, but compared to a real account with real money, it's not the same! When real money is involved, your mentality changes and the pressure goes through the roof! Of course it is my experience.

That's what I mean. Emotions hit different when real money’s on the line. Did you find any tricks that helped you bridge the gap between demo and live trading?

 

[Imogen Beaumont]

Demo trading only gives false confidence if you treat it like a game, it’s where real skill, discipline, and strategy begin. If you can’t respect a demo account, what makes you think you’ll respect real money?

I think demo can only take you so far. There’s just no replicating the emotions of real money on the line.

 

[ArnavDeshmukh]

I think demo can only take you so far. There’s just no replicating the emotions of real money on the line.

True, the emotional side hits different with real money. but that’s why I treat demo seriously. If you can build discipline there, it’s a smoother transition when the stakes go up.

 

[Imogen Beaumont]

True, the emotional side hits different with real money. but that’s why I treat demo seriously. If you can build discipline there, it’s a smoother transition when the stakes go up.

I just think no matter how seriously you treat demo, the pressure of real money forces a different level of decision-making. That’s where the real growth kicks in.