Trading with a real account enables you to clearly see that it is essential to have discipline in order to manage risk. On a demo account, discipline seems unnecessary and the placement of stop losses is often seen as something that prevents you from making profits. A trader using a real account is aware that these two aspects are equally important, if not more, than a strategy that shows entry and exit points.
However, even if demo accounts don't enable you to develop the psychological aspect of trading, they are essential to learn trading, how trading software works and how to develop strategies for free and without financial risk.
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