6: Inadequate Use Of Demo Account
If you are new trader, don’t take demo account trading lightly. Use it as if this was a live trading account.
Pilots have to learn to fly in the cockpit simulator before they can sit fly the real thing and they do not take it lightly. They practice and practice because their life and their passengers depend on it.
Same thing in demo account trading. Just because a demo account is virtual money does not mean you can take large trading risks and blow up that demo account and then open another demo account and do the same thing again?
That’s not the correct use of a demo trading account.