2024-11-11 04:28
IndustryAre You Ready to Trade Real Money
If you think you are finally ready to make the transition from demo trading to having a live account, then you should also be psychologically prepared for it. Not only will you have real money on the line, your emotions might also have a bigger impact on your trading decisions.
A good rule of thumb to remember before going from demo to live is to ensure that you have had a good trading run for at least three months. Of course this time frame can vary depending on how much time you spent learning about trading but it is a reasonable length of time to make sure that you have had a strong grasp of basic trading concepts and are able to make consistent profits. This can also ensure that you’ve spent a considerable amount of time getting in sync with market movements and that you can hold your own even when real money is at risk.
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Are You Ready to Trade Real Money
| 2024-11-11 04:28
If you think you are finally ready to make the transition from demo trading to having a live account, then you should also be psychologically prepared for it. Not only will you have real money on the line, your emotions might also have a bigger impact on your trading decisions.
A good rule of thumb to remember before going from demo to live is to ensure that you have had a good trading run for at least three months. Of course this time frame can vary depending on how much time you spent learning about trading but it is a reasonable length of time to make sure that you have had a strong grasp of basic trading concepts and are able to make consistent profits. This can also ensure that you’ve spent a considerable amount of time getting in sync with market movements and that you can hold your own even when real money is at risk.
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