Three Signs You Should Leave Behind Your Demo Account

First steps are never easy. However, they are necessary to improve and become better versions of ourselves. Maybe you felt that way when learning to drive a car, or a bike or to swim. The fact is… fear is always there and you should not let it dictate what do you do or do not in life.

Demo accounts are amazing. They allow us practice from scratch, learning the very basis of Forex trading and even polish our more advanced strategies at literally no risk.

But as you well know, higher risks translate into higher profits (or losses, in case you are not ready to face those risks). For such reason, here you have three signs that will help you understand whether it’s time to move your trading into the real world or wait a bit longer.

You are in full emotional control

This is probably not the first time you have heard it: emotions and trading are not meant to be together. You should restrict your emotions as much as you could when trading because they are simply dangerous for your account.

Controlling your emotions properly can be understood as not feeling panic when your positions goes in the opposite direction it is meant to. Easy, of course it is not. But it is not impossible.

You score every single month

Don’t get me wrong. This doesn’t mean there would not be bad days or even bad months. If you are working in this industry for a while now, you probably know market turns are sometimes unpredictable and well… you just have to deal with the consequences.

However, a trader that is ready to hit the real world would have developed skills to anticipate bad outcomes, allowing him or her to make consistent profits most of the times.

Your losses are not driving you crazy

So your position triggered a stop loss order. How do you react? A trader is ready when he or she understand these things actually happen and they are simply part of daily life.

Instead of crying out, a ready-to-go trader would focus on analyzing what went wrong and take the necessary steps to correct it in the near future.

Fort Financial Services