Demo Trading
Practice in risk-free environment before risking real money.
Demo Trading Process
Step 1: Choose Platform
| Platform | What’s Good |
|---|---|
| TradingView | Best charting |
| MetaTrader | Real execution |
| Broker demo | Real fills |
Step 2: Set Rules
Same rules as live:
- Same setup
- Same position sizing
- Same risk
Step 3: Track Metrics
Track:
- Win rate
- Profit factor
- Drawdown
Step 4: Evaluate
After 50+ trades:
- Are results acceptable?
- Can you execute?
- Can you manage trades?
Demo vs Live
| Aspect | Demo | Live |
|---|---|---|
| Execution | Instant | Slippage |
| Emotions | None | Real |
| Pressure | None | Real |
| Results | Idealistic | Realistic |
Demo Mistakes
1. No Tracking
Problem: Demo without metrics.
Solution: Track like real.
2. Different Rules
Problem: Sloppy demo rules.
Solution: Same rules as live.
3. No Emotion
Problem: Thinking demo = easy.
Solution: Psychology transfers.
Key Takeaways
- Track everything — Like live
- Same rules — As live
- Minimum 50 trades — For evaluation
- Then evaluate — If profitable, go live
Related
trade-setups.md >>>
backtesting.md >>>
journaling.md >>>
Demo first. Live second.