Traders often use a demo or sim account to practice executing their strategies in real time without the added pressure of:
a) Making mistakes
b) Blowing accounts
c) Ultimately, losing money
So, is practicing on a demo account the same as practicing with real money at stake?
We answer this question, and plenty more, in this episode of Trading Mentors Match-off where we catch up on how our South African/USA pairing Derek & Alison are doing, two months into the challenge of turning Alison into a consistently profitable trader.
In this episode you’ll also discover:
- A trading platform hack that’ll help you identify trends better
- A trick that’ll help you become a more patient trader
- A weird (but free) technology that helps make your trading laser focused
- How Alison is progressing in this challenge (incl. her statement)
You’ll also get access to handy trading software that sends alerts to your phone and PC when a price level is hit (Very handy if you don’t want to sit waiting for that perfect setup).