Awareness # 7- "A Go-for-Broke" Attitude
Demo trading can be fun and we believe it definitely has its place when you are learning to trade the Forex markets. It's also appropriate when practicing your entry and exit signals.
BUT trading forex in a demo account is NOT a video game where the entire purpose is all "fun and games". Remember: Demo-trading forex can be fun when it reinforces skills. When a trader has a go-for-broke attitude in a demo account it will short cut their learning process.
What you do in practice trading will transfer to your live trading. If you are serious about trading for profit then trade your demo account like a life account and put all your energies into developing your trading skills.
A trader can not put it all on the line and wait to see what happens. If they do We all can probable tell them before hand what will happen to there account. So we can sit back to wait and see what happens with their trading career.