Psychological Differences Between Demo Trading & Live Trading

myfxstreet
September 6, 2023
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Traders often observe a noticeable difference in their trading performance between demo and live accounts. Many find profiting from a demo account easier than a real money account. Some may attribute this to changes in market conditions or the involvement of real money. However, the true reason behind this difference lies within the trader’s own mind. How our brain operates plays a crucial role in trading success on a demo account versus the challenges we face in live trading.

Moreover, factors like slippage and trading costs also affect your profits. For an experiment, you can calculate your potential returns using a trading calculator without considering these factors and see the difference yourself. This presents us with an important lesson to explore further and understand the underlying dynamics at play. Learn More

Author myfxstreet