Why practice is important?

[Mr. Cid]

Demo account is especially designed for training purposes. Newbies are encourage to open a virtual account to gain experience using a virtual money.

[Newbie_trader]

Demo account is especially designed for training purposes. Newbies are encourage to open a virtual account to gain experience using a virtual money.

So, newbies should not have taken for granted the demo account. They should open a demo account for a month to be able to gain experience.

[AbdulShiek]

So, newbies should not have taken for granted the demo account. They should open a demo account for a month to be able to gain experience.

The problem is some of them are confident enough to invest without thinking about the possible consequences.

[Aya]

The problem is some of them are confident enough to invest without thinking about the possible consequences.

Which is a wrong move. Sometimes we feel like trading is simply buy low, sell high. But in reality, it is far more complicated than that. We won't know what the possible movement of the product is unless we understand how the market flows.

[Tija]

Which is a wrong move. Sometimes we feel like trading is simply buy low, sell high. But in reality, it is far more complicated than that. We won't know what the possible movement of the product is unless we understand how the market flows.

I entered the market without sufficient practice. As a result, I made a lot of trading mistakes. What I did was take a break from my real account and opened a demo account again. Then I used that to reassess my trading strategies.