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Whole heartdly agree. Sim not only builds bad habits it has tendency to build unrealistic expectations. Which are quite dettering in long run. I also wasted 6 months in sim even though its hella cheap to just trade real account in India.
Sim is okay if you are testing the platform or don't know anything about the trading and all the order types but ones you do its not useful. And don't want to say this, but honestly all this "funded account business" seems like "chit bhi meri pat bhi meri" thing. You are Indian, so you are probably aware of that saying hare haha
Hi, I just read your post. I think these programs are really useful. I traded my own money for years and I ended up losing a lot of money.
Had I trades with any combine I would have saved most of my funds.
There is no difference in trading your money or a combine. Everytime you lose a combine worth 150k you basically lost 3k and it cost only 100 usd. Do the math.
If you are inexperienced you will think that the reason you are losing is because this is not real money, and if it was real money you'd not be losing.
The reality is that if you are just starting out you are losing because you have no clue about what you are doing, and how to manage risk.
Sorry if I sound blunt, but after 3 years of trading every day I now look back on what I was doing 3 years ago and I can't believe I was so naive.
In 3 years I changed everything: platform, brokers, setups, risk management etc...
I don't know how experienced you are but if you can't pass a combine, do not go live unless you have specific reasons (for instance if you are a swing trader etc.).