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supportoranges

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  • First Name
    Gary
  • Last Name
    Goodman
  • Country
    United States

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    No
  1. What I am saying is that articles, like this one, that encourage traders to get their feet wet in real money create real problems. On what platform, real or demo, does one create and learn how to execute a positive expectancy system? It's my opinion that traders who have accomplished this would not be spending their time on these type of threads. Therefore, traders who do not have a positive expectancy system yet get sucked into real and blow out their accounts because they really think they need to overcome their emotion and don't even know what they don't know.
  2. I think the idea that an inexperienced trader has to trade with real money to help learn the emotional aspect is a myth. First they need to learn how to trade. Also, I don't believe that there is no stress when demo trading. If one is very motivated to become a trader and it is very important to them, they will know they have to become consistently profitable in order to pay their own bills. It can be very stressful and emotional if their demo experience becomes important to them. They have to know that if they cannot trade in demo, then they cannot trade in real. I think it is also a myth that 'anybody can make money in demo'. That may be true on some days. But even in demo, try proving that you are consistently profitable for three months. If one's demo experience is important to them, and it should be, then they will care and they will become emotional. If they don't care then they are not taking their ambitions seriously.
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