Forex trading psychology (II)

All have demo accounts. Some traders test different strategies on them, others explore a particular broker, others learn to trade ... but in some cases instead of helping, the demo account damages. As already mentioned, it can give false assurance, so let's look at the main differences between demo and real account. They are essentially psychological, expressing the emotional states they cause.

First is the uncertainty. Going into a real account, you already have something to lose, that's why before each transaction you will be asked if the decision you have made is right. You will suddenly realize that you are afraid. You have experienced this feeling when trading a virtual account, but it is now much more pronounced. It is your fear that makes you feel insecure in yourself and miss the great opportunities the market has offered, and you have not taken advantage of them.

Fear will increase the losses. Let's say you've opened a deal and you're minus late at night just when you want to go to bed. Ask yourself: will you close the deal to minus or leave it as you sleep? In fact, will you be able to fall asleep until you know what's going on with your money? If at this point you were trading with virtual money, you would not care much. Still, you've already done that a lot of times on your demo account.