ilmscore | Prediction Details
"demo trading is the next step now i know there probably is half of you going demo trading doesn't give me any emotional stimulus so why would it be like practicing trading well you don't want to risk money if you don't know if this rules based strategy can actually be used in real market data so the reason we're demo trading is to make sure you can actually accomplish the strategy you can place the trade you need to place even with your prior obligations like having a job like having kids to look after like sleeping you want to make sure that all of your trades don't happen while you're asleep you want to make sure they don't happen while you have those prior obligations you want to make sure that you can actually perform the strategy you also are going to demo trade because if you're using market orders what you didn't account for in your back testing is something called spread and you need to make sure that that spread doesn't make your strategy just completely irrelevant and lose the profits that you could have made"
By The Trading Channel (The Trading Channel) | February 26, 2021 | Pending
From video
The Ultimate Swing Trading Guide For Beginners (ALL YOU NEED TO KNOW) 00:30:56 - 00:31:52
Interpreted Prediction
Demo trading is a necessary step to ensure the rules-based strategy can be executed in real market conditions, considering time constraints and potential issues like spread, without risking real money.

Prediction Details

Topic
Trading Success Checklist - Demo Trading

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