Alright! I'm back after a week and a half off from blogging. I've decided to dedicate this post to show you all the difference between demo trading and live trading when it comes to forex. Over the years, people have been posting success stories of how they've made a "profit" while demo trading. For all of you who do not know what demo trading is, it is simply practicing trading without using real money. Usually people want to be successful in demo trading before stepping up the the big game and becoming live traders where their money is at stake. However, being successful at demo trading is completely different than being a successful live trader. This is due to one major reason, and that reason is the mental aspect of winning and losing your actual hard earned money. It is easy to risk "demo" money when you are not attached to the money and losing it won't change anything. However, if you were to lose your real hard earned money, you would be more conscious of the way you trade and the amount that you trade with. Therefore, this post is to warn anyone who may be currently be successful at demo trading and are thinking about going live and trading with real money. Be sure you know what you are getting yourself into. Again, the foreign exchange market has many profitable opportunities but keep in mind that there is still the potential of losing money!
Happy trading everyone!
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