Difference Between Demo and Live account in Online Forex Trading.

A consistent live account trader of one month is better than the consistent of five years of demo trading. The fact is that you cannot grow or be successful if your money is not involved in forex trading. As a demo account trader you can try all experiments but with live or real account it is a different psychological frame of mind. You learn faster from your mistakes and get refined, matured and disciplined in the market.

As a beginner trading live account, you will see money on the table (i.e. sure trading position that will yield profit) yet fear of loss grips you and you just sit down there and watch the market move in the trend you have envisaged or analyzed. But if it were demo account you will go for it. On demo account you take risks which ordinarily you would not dare on a live account, you end making money there. But it turns out to be another story when it’s a live account.

Even though demo account is a near perfect simulation of live trading, the trader’s emotions and fears are completely wide apart. It is traditional or conventional for most trainers to ask you to begin demo trading after your training, but with my training, I am changing that course. My experience, boldness and success stem from the fact that I got burnt in the market, but I decided to face the question of why I encountered losses and since I found that answer I have nearly been on over 95 per cent success story.

Most people who have lost money in forex trading and hence loathe forex are those who (by my guess) spent much time demo trading without a good psychological preparation for the real or live trading. Also, those who lose money initially to inadequate education (on technicals and fundamentals) of the market think forex trading is a herculean task. The initial losses discourage them and they never go far beyond overcoming that trauma to look for the right answer rather the blames are heaped on the market. Forensic analysis on their account history will definitely show their wrongdoings.

In summary, good education and fearless early live market entry is a sure way to finding the door to successful career and profitable trading.  No pain, no gain!