10 Jun 2024
Can a newbie start trading with demo or invest some fund?
Well it's a common query in mind of new person when they start trading. They search for it online and find that one answer "Start with demo account". Why? Because first you see the market for hours and analyze it technically, analyze the chart patterns candlestick etc.
After that you trade with 20% skill with no emotions, no discipline, no risk management and money management. By chance at that day or week/month the market is bullish. You gain 15-20% profit of that demo funds which is mostly 1000$ and boom. The trading is very easy đ¤. A new trader think what if i invest the real money and make real profit. Thay invest mostly all their savings and the market shift their structure from stairs to lift đ . All the bulls become bear. That type of people name the trading as Gambling.
What's my opinion:
In my opinion it's ok to start with demo as long as you gain knowledge of technical analysis, price action, risk Management, money management, psychology, fundamentals, discipline, experience (2-3 years).
But a problem is that a newbie can't wait as long. They analyze the market one week with demo (no emotions) and start with real.
No 2:
In my opinion start with real money (10% of that you can afford to lose). For example if you are a millionaire, one lac is nothing for you đ. Its affordable for you to lose. Start with the 10% of that one lac.
Note:
If you can't change the 100$ to 200$ then you can't change the 10000$ to 20000.
#Binance200M #altcoins #demotrading #BinanceSquareFamily #writetoearn
