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Newcomers and demo trading
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MP_89

Member Since Oct 07, 2019  30 posts MP_89 Mar 27 at 10:48
Cizel89 posted:
Even I started with demo trading only. Its always better than to stake our money in the beginning itself.


how much time do you use demo acc? i think one month is enough to test my strategy with demo acc. what do you think?

diskdillinger

Member Since Mar 27, 2020  9 posts diskdillinger Mar 27 at 11:07
1 month is enough to find out if your strategy sucks but not enough to see if it is good. You need to test for a least 6 months to know that. And even then the strategy may suck in different trading conditions

MP_89

Member Since Oct 07, 2019  30 posts MP_89 Mar 27 at 11:12
diskdillinger posted:
1 month is enough to find out if your strategy sucks but not enough to see if it is good. You need to test for a least 6 months to know that. And even then the strategy may suck in different trading conditions

oh i see. thanks for your opinion.

princeso2020

Member Since Mar 26, 2020  3 posts princeso2020 Mar 27 at 13:10
for a beginner, please demo for at list six months. My best advice for a beginner is to learn how to trade, take your time and develop a good trading system that suits your trading style, work on it to perfection and look for a mentor who is good in forex to guide you towards achieving success before investing your money.

Director of foreign currencies
isaiah1242

Member Since Apr 06, 2019  1 posts isaiah1242 Mar 28 at 03:19 (edited Mar 28 at 03:19 )
Demo until you feel your system works but six months is a long time. Invest $50 dollar in a trading account and try to double it. Once it's blown, start another until you double it. If you can't change $50 to $100, then adding more money is just going to stress you out more. Starting with a small account allows you to work on your emotions but also gives you opportunity to control you losers, secure profit and control risk. At the end of the day, this is a business so becoming a professional is the end goal so the faster you put a little skin in the game you'll know if your in the right business.

Cizel89

Member Since Mar 23, 2020  37 posts Cizel89 Mar 28 at 10:20
MP_89 posted:
Cizel89 posted:
Even I started with demo trading only. Its always better than to stake our money in the beginning itself.


how much time do you use demo acc? i think one month is enough to test my strategy with demo acc. what do you think?

Well I think it varies from person to person, some might excel it early, while others take time, depending on one's skills.

Fearlesswalker

Member Since Jul 26, 2019  21 posts Kelvin (Fearlesswalker) Apr 08 at 18:13
Those people who do not believe in a demo account and its important are just looking for trouble. They cause their very own downfall. A demo account is a ver good training ground for those who are still trying to figure out how things work out on forex trading. There have been some speculations of a demo account not being the same as the real deal trading. Do you guys have any experince like this? Demo accounts make trading seem easy untill you go live then things are just so hard. Some traders complain about this. I need confirmation if it is true. Any ideas.

Trallod

Member Since Oct 30, 2019  18 posts Trallod Apr 08 at 18:19
Everything is always about beginners and demo accounts. The beginnersshould have knowmn this by now. Why would they be offered a demo account first before they go live. Anyone who skips the demo account has themself to blame. Only skip a demo account if you have switched to another plaftform which is not recommendable. You cannot just be a good trader without practice.

Alkimedon33221

Member Since Apr 09, 2020  2 posts Alkimedon33221 Apr 09 at 09:56
Duzragore posted:
Are you being able to understand what is going on here? Demo is mainly for getting around the whole Forex system and maybe a bit more things to drive you into the life or real account anyway. So please make it possible when you will be free.

smiley

Zenon6677

Member Since Apr 09, 2020  2 posts Zenon6677 Apr 09 at 14:38
It’s even funny to discuss on the topic How any trader would master trading platforms. Or checked out a new strategy. Only loss of account.

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