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Demo Accounts - Which ones stay open with no recent trades?
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WDL72

Member Since Oct 14, 2014  1 posts WDL72 Jan 01 2015 at 07:52
Hi guys,
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it 'clickable' via MyFXBook.
Thanks

Adribaasmet

Member Since Aug 27, 2017  765 posts Adribaasmet Feb 27 2019 at 08:22
To be honest, new traders should avoid these type brokers; since only 30 days even 6 months are not enough in general. So, using a wide demo service is important.

Akram101

Member Since Feb 14, 2019  8 posts Akram101 Feb 27 2019 at 11:22
Even if they close them down after 30 days you can just open another one. I know that Admiral will give you a demo account for life if you open a live account with them

Mohammadi

Member Since Aug 11, 2017  668 posts Mohammadi Mar 02 2019 at 10:13
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

Imamul

Member Since Aug 09, 2017  440 posts Imamul Apr 10 2019 at 11:36
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

Adribaasmet

Member Since Aug 27, 2017  765 posts Adribaasmet Apr 26 2019 at 12:29
Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.


Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Apr 29 2019 at 10:43
Adribaasmet posted:
Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.


Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?


I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.

Roberto21

Member Since May 02, 2019  189 posts Roberto21 May 13 2019 at 11:34
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

raybill

Member Since May 14, 2019  5 posts raybill May 15 2019 at 05:47
AmDiab posted:
Adribaasmet posted:
Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.


Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?


I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.

true, trade on demo until you think your strategies are ready to be applied on real money. once your strategies are up and working, only then shift to real account.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak May 15 2019 at 07:14
Roberto21 posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.


I don’t think; in the beginning stage; demo contest is relevant; since new traders need to focus on learning only.

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