How Much Money Should I Put Into My Trading Account? [Video]
|The transition from demon account to real money account is always a big step for a person with discipline and conservative approach. Chances are if you ask this question, most likely you’re one of them. Because most people will simply trade real money without going through the demo account or any backtesting. That is the reason why most traders fail - and I was one of those impatient ones who couldn’t wait to trade with real money - only to lose it all.
So, what’s the right approach? How much money should you put in? Does it even matter?
Yes and No.
Yes, it matters because the amount of money you trade will have a direct impact on your trading psychology and daily lives.
No, it doesn’t matter because whatever amount you put in will not make you rich, in fact, most likely you will still lose the money, it’s best to consider the money as a tuition fee.
The only purpose of trading with real money is never about sharpening your skills; instead, it’s to finally work on that final and long-lasting stage of trading - The Trading Psychology.
Please watch today’s video to learn more.
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