For some people This will work for other it won’t because of the emotional aspect of trading. With a demo you don’t feel much because it’s not real money or a funded account.
It's definitely not the same, but it helps to understand the principles of trading. Then you need to work with the psychology of trading after you fund the account with real dineros.
If you're not treating a demo account as the same thing as real money, there's no hope. If you can't do it with a demo, you can't do it live. Hopefully this is a wake up call for anyone watching - you'd be absolutely delusional if you still believe otherwise.
@@timothyjackson6538 that either has to change or its always gonna be a recipe for disaster buddy - no worries if you disagree my guy we're all on different paths at the end of the day 🤟
Can anyone suggest me apps for the same because when I trade in binomo,even with the perfect indicators the trades get lost with no reason ..even when they are profitable..
hi bro so first, you go to a brokers page and there’s two options either to open the live account or either to open a demo account so you press that you want to open a demo account and then it says you to download mt4 or mt5 and to login with was the password and login they gave you
learn all basics. its really hard! you will find your strategie after years. i do news trading and thats million times better than price action etc, learn everything what youtube is showing u
Buy 5k founded it is a whole diff story then demo and dont risk so much many people blow acc before they make profits buy it on myforexfunds or ftmo...
@@RainerWinklerDerEchte yeah it took me 9 months to have my own strategy which is also profitable my advice is for u to go through the process and learning almost everything after that u would fine the one u love n which works best for u
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For some people This will work for other it won’t because of the emotional aspect of trading. With a demo you don’t feel much because it’s not real money or a funded account.
It's definitely not the same, but it helps to understand the principles of trading. Then you need to work with the psychology of trading after you fund the account with real dineros.
@@majordx agreed
If you're not treating a demo account as the same thing as real money, there's no hope. If you can't do it with a demo, you can't do it live. Hopefully this is a wake up call for anyone watching - you'd be absolutely delusional if you still believe otherwise.
@@JordanLeightrials naturally the emotions are different and you can’t make yourself feel real emotions on a demo
@@timothyjackson6538 that either has to change or its always gonna be a recipe for disaster buddy - no worries if you disagree my guy we're all on different paths at the end of the day 🤟
I started a demo account on mt5 at 100k its at 1,5m should i take my prop firm exam
I lost 10 k kept putting 1k 500 1k 1k all said and done about 30 k
Damn me too 😂 I’ve lost about 20k and only now am I showing signs of improving but I’m still not consistently profitable
Is the demo account still using live markets just obviously without the risk ?
Yes
@@top1spower867 cheers mate
Thank god someone answered, I use the breakout strategy. I was down 600 in paper money, now I'm 100 off to where o started. Keen to flip it
I have a question so you would just lose everything on your trading account? Or your main account?
Hi trading without risk or a demo account is great for starters i used it and it worked im 10 btw😀😄😁
What are you doing on the internet go play outside
@@deyh5664 Bros learning a valuable asset, he on that grind fr
Can anyone suggest me apps for the same because when I trade in binomo,even with the perfect indicators the trades get lost with no reason ..even when they are profitable..
Where/how do I get a demo account?
hi bro so first, you go to a brokers page and there’s two options either to open the live account or either to open a demo account so you press that you want to open a demo account and then it says you to download mt4 or mt5 and to login with was the password and login they gave you
I really wanna get into trading as someone new im 17 how should I go about making an account and how much should I invest into it
learn all basics. its really hard!
you will find your strategie after years. i do news trading and thats million times better than price action etc, learn everything what youtube is showing u
Buy 5k founded it is a whole diff story then demo and dont risk so much many people blow acc before they make profits buy it on myforexfunds or ftmo...
@@RainerWinklerDerEchte yeah it took me 9 months to have my own strategy which is also profitable
my advice is for u to go through the process and learning almost everything after that u would fine the one u love n which works best for u
@@RainerWinklerDerEchte thats sick 🔥 how do you trade the news? Do u macro trade?
@@marcusdc5528 that was my way too
could u still make money on the demo account
Nope Demo account is for training
Zeke??