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What Are the Bad Effects of Taking Too Long on a Demo Account?
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[QUOTE="Suba, post: 277546, member: 3658"] Although there are many benefits if we novice traders use a demo account, such as being able to recognize market price movements, also learning the working mechanism of the forex market because it is functionally the same as a real account, to test strategy skills, access to charts, trading signals, economic news, etc. How long is it good to use a demo account Every novice trader has a different background, ability and thinking power, so when using a demo account, the length of time will be different, so if it is considered enough demo practice, we can try a real account. But behind that, besides the advantages there are also disadvantages or bad effects if we use the demo account for too long, such as: [LIST] [*]Unable to measure the development of ability in trading. On a demo account, our mental calm is not affected by emotions, so we often get wins. [*]Too long to use a demo account, will eliminate the sensitivity to manage risk management (because there is no loss). [*]Carelessness on demo accounts often occurs such as not applying stop losses, setting profits too high, these traits or habits will be difficult to avoid if we open a real account. [/LIST] So in essence, although the demo account has many benefits, it is also not good if used continuously for a long time. [/QUOTE]
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What Are the Bad Effects of Taking Too Long on a Demo Account?
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