3 Reasons Why Demo Trading is Killing You
by Matthew Carstens. Founder of Rogue Red, Creator of TradingWheels for ForexCrunch.com
A demo account certainly has limits and might even be dangerous.
Matthew Carstens lays out 3 reasons why demo trading is killing you.
1 – YOU DON’T FEEL ANYTHING
If you have ever played poker with potato chips before I can bet you saw 5th street every time. It is not like you cared if you lost a potato chip now did you? Would you make the same decisions if you were playing with a few thousand dollars? I seriously doubt it since once you add a layer of emotion in any game, the game changes. So why do so many people practice in a demo account and expect to be successful traders regardless of the education they received beforehand?