Demo vs Live Trading
A demo account is useful, but you need to be aware of its limitations, and knowing the differences between demo and live trading will help you judge when you’re actually ready to go live. What demo can teach you Demo mostly teaches you the platform mechanics, how to place an order, set a stop, and use the different order types on the interface you’ll actually be trading on. It’s also a reasonable place to test whether a strategy’s logic holds up, since you can see whether the setup you’re looking for shows up with any regularity and whether the rule set actually makes sense once it’s applied to real charts rather than just in your head. Screen time is screen time, and pattern recognition built on demo charts is still real pattern recognition. ...