Yes, you will learn from Experienced traders, but a sure Education is through your own doing and failing.
Don’t do Demo trading unless Your totally new to trading that you have less than a month since began trading. Practice on demo only to be familiar with the trading platform.
Demo trading wont help you learn the true aspects of trading emotionally and on growth of your funds/trading account , nobody cares about the demo so you will be very smart and fool yourself that you where able to grow the demo consistently.
Start small, start by risking small amounts very tiny “pay the price of learning first” Give it time. Once you start seeing consistency you can increase your risk to a reasonable risk management amount. Let’s say in the beginning start risking 0.05% then once you see consistency for over a year switch to 1-5% to grow stably. This will help you to build a solid methodology, Money management plan and trading emotional mindset and yet not lose a lot in the beginning.
Also, to shorten your learning curve Try your best to learn from more experience traders’ mistakes, read books and try to learn from them. Even if it costs small amounts because its better to pay a tuition of a total of $1500 than lose three years consistently and lose a total of $15,000 be smart about it. It’s costly and time wasting.
Trading is a difficult endeavour because you have to switch your mindset into a whole new world of trading. And that doesn’t take a day, week nor a month.
Key Take a way.
1. Start trading to get the experience quit demo it wont help you. Unless you only have less than a month into trading and want to be familiar with the trading platforms.
2. Risk small amounts in the beginning not more than 0.05% for a trader who hasn’t had any success in trading before.
3. Invest in education be smart.
Professional Financial Market Trader. 4 Years of experience | Author at profxtigers.com