“Apparently blowing up an account is an essential part of the learning process.”
No it isn’t.
its an essential part of the “failing to learn” process.
It’s great that you haven’t lost all your trading capital, but to be blunt, so what? It’s a bit like saying “I had $1,000 dollars, and I kept it in a drawer and didn’t spend any of it.” That’s great, but so what?
Have you developed a profitable and tested trading strategy? That’s the real difficulty, and it takes time and effort.
Demo accounts are useful only to help you become familiar with a particular platform and for some very basic strategy testing.
It’s much better to move onto a real account (a micro account) to test your strategies as demo accounts don’t always behave in exactly the same way as real accounts.
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Additional Username
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Joined Apr 2020
|370 Posts
Never blowing up an account is a very unlikely scenario even if it's not completely impossible. I think the thread should be "I've never blown up an account, demo or real...so far."
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Additional Username
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Joined Jul 2020
|129 Posts
Emotions don't usually work in demo trading. This is why it is often seen that many traders make a profit in demo trading but are not able to make a profit in real trading. But in my opinion, you should do demo trading. When your knowledge about trading will be much better then you can trade by depositing in real account.
The most i've lossed is 30€ on a cent account.I thought this was a good EA but it was an averaging so I stopped using it.
that was my only hope of finding a working EA, as it was performing ok for a long time on demo
