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.
Enho Kuo is NOT a Broker Dealer and engages in trader education and training. All materials given by Enho Kuo are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Enho Kuo or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.