Moving from a demo account to a live trading account is a significant step in a trader's journey. While a demo account provides valuable experience with trading mechanics and strategy testing, the transition to live trading introduces new challenges, particularly in terms of managing expectations and emotions. Here’s how traders can navigate this transition successfully.
1. Expect Differences in Emotional Responses
The biggest difference between demo trading and live trading is the emotional impact of using real money. In live trading, fear of loss and greed can influence decisions, leading to impulsive actions such as exiting trades too earl...