I am not a fan of demo accounts or back testing for one simple reason. It's not real.
Imagine you are playing some battlefield video game. Do you feel anything when you get hit by shrapnel? Do you care if you get killed? Does your score really mean anything to you other than bragging rights?
Now imagine you are playing a video game of someone jogging. Probably not an exciting video game but that's besides the point. Now, does your stamina improve playing that video game? Do you feel the pain when you jog up hill? Do your muscles get sore?
Trading requires psychological training just like jogging requires physical training. You cannot improve your ability to suffer loss and prevent emotions from clouding your judgment without training and you cannot do that without using real money that has real consequences to you.
I think you get my point. So get off that demo account ASAP and start trading for real. You can open an account at many brokers for as little as $100 and trade for as little as 1 penny a pip. So what are you waiting for?
Imagine you are playing some battlefield video game. Do you feel anything when you get hit by shrapnel? Do you care if you get killed? Does your score really mean anything to you other than bragging rights?
Now imagine you are playing a video game of someone jogging. Probably not an exciting video game but that's besides the point. Now, does your stamina improve playing that video game? Do you feel the pain when you jog up hill? Do your muscles get sore?
Trading requires psychological training just like jogging requires physical training. You cannot improve your ability to suffer loss and prevent emotions from clouding your judgment without training and you cannot do that without using real money that has real consequences to you.
I think you get my point. So get off that demo account ASAP and start trading for real. You can open an account at many brokers for as little as $100 and trade for as little as 1 penny a pip. So what are you waiting for?