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cryptoseven

@cryptoseven

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161 Followers


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You know, friends, I'm against demo accounts. Why? A demo account is a short-term tool. It is useful for one purpose only: to understand the basic mechanics of making trades without financial risk. But many traders abuse it. I know of cases where people stay in a demo account for years, believing that the longer they test a strategy, the higher the chances of success are In the long run, a demo account can do more harm than good. It builds false confidence, creating a sense of control in an environment that has nothing to do with the real market. There is no fear of loss here, no capital pressure, no consequences for mistakes A positive result on the demo is just an illusion of progress, which at best is subjective, and at worst - does not correspond to the truth at all Demo trading forms wrong habits. A trader gets used to conditions that do not exist in the real market: Risk without consequences. You can enter a deal without a plan, sit out losses, ignore stops - and it has no price.
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Why I don't look at other people's forecasts The main value of any trader is his ability to make his own decisions When you blindly follow other people's forecasts, you give control over your deposit to outsiders. Any analytics should complement your own analysis, not replace it. That's why I don't rely on other people's forecasts. Not because they are bad or unworkable, but because it has not been necessary for a long time. I am confident in what I do, so I do not need third-party confirmation. For me, trading is not about looking for signals from others, it's about seeing the market with my own eyes But watching other people's approach can be useful at the start (0-5 years). Analytics builds perspicacity, accelerates the accumulation of experience, helps to understand how more experienced traders think.
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