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How long on a demo account
Nov 16, 2021 at 08:59
It depends strictly on your, your abilities and your character, because some traders prefer to stay on demo for too long but it's not recommended by professional traders to do it. Everything because you will get used to trading without losses, and it will be very difficult to setup your mood for a real trading.
Our organism likes those things which aren't required enough resources and energy actually. Anyway, as soon as you understand that you are ready for starting real trading, you can move from demo account and start trading with real money. I guess, it's enough for you to see the positive dynamics of your trading on demo, for example, if you see that you start making profits and your strategy works, you can try to move on real account.
Our organism likes those things which aren't required enough resources and energy actually. Anyway, as soon as you understand that you are ready for starting real trading, you can move from demo account and start trading with real money. I guess, it's enough for you to see the positive dynamics of your trading on demo, for example, if you see that you start making profits and your strategy works, you can try to move on real account.
Member Since Oct 29, 2021
69 posts
Nov 18, 2021 at 05:18
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
Member Since Mar 17, 2021
494 posts
Nov 18, 2021 at 07:21
miguelcaron posted:
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
Traders should practice on a demo account till they get confidence to trade in the real market.
Nov 29, 2021 at 04:24
The time frame will vary from one trader to another. It will depend on the particular trader how fast they can sharpen their skills on a demo account. It is good to practice various trading strategies and conditions on different platforms using a demo account. Once the trader gathers enough confidence, sets up the right mental frame, and starts making virtual profits frequently, it is time to enter the real market. It may take weeks or months to achieve that level.
Nov 29, 2021 at 11:23
SteveHanks posted:miguelcaron posted:
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
Traders should practice on a demo account till they get confidence to trade in the real market.
I agree with this, one should practice on demo accounts until they feel that they are ready to trade in the live market.
Nov 30, 2021 at 08:17
That depends on your ability to make a profitable return, as far as i can remember it took me 8 months to switch from demo to live. One of my colleagues took almost a year to switch to live. So, I will say that keep on practicing until you think you are confidently ready to go live.
Nov 30, 2021 at 17:00
I think you shouldn't set a limit on how long you use a demo account. It should be based on your confidence and the consistency in your trading. It took me at least 6 months and even now if I have a run of bad trades I will head back to a demo to regain my confidence.
Dec 01, 2021 at 12:26
I think everyone needs a different amount of time based on their strategy, how much they studied, and how emotional they are.
I would say after 6-8 weeks I'd start to dabble with a live account to start to get your emotions attuned to the fact it's now real money.
And just use 0.01 lots.
I would say after 6-8 weeks I'd start to dabble with a live account to start to get your emotions attuned to the fact it's now real money.
And just use 0.01 lots.
Dec 08, 2021 at 05:47
At first trading need to know about how to design a system what is need for execute in market so need demo. Then how much time to take its up to you. If you sufficient courage to do trade then try to small amount of real for sometimes for test yourself is it realy taking risk or not.
Day by day having better, better and better...
Dec 16, 2022 at 07:34
Tr_Sheenu014 posted:
I recently began trading on a demo account because I am new to trading. To the best of my knowledge, I believe a trader should first practice on a demo account before moving on to a live account. In essence, there is no specific fixed time, in my opinion.
Well, that is a valid opinion. Every trader has their own learning pace so they should take the required amount of time they need to practise on a demo account. Indeed, there is no end to learning in the forex market.
Dec 22, 2022 at 12:26
davesper posted:
I would not set a clear time frame for working on a demo account, because I think that this is not entirely correct. At least, I think it is right to work with a demo account until the moment of complete self-confidence.
That’s what they all should consider. Many beginners want to rush the process while forgetting that it is this practice on a demo account that will make them successful.
Member Since Aug 05, 2021
394 posts
Dec 26, 2022 at 15:35
I don't think 3 weeks is nearly long enough, but everyone is different since some learn more quickly. I was on demo for about 6 months.
Member Since Nov 29, 2022
40 posts
Dec 28, 2022 at 06:28
It is generally recommended for traders to spend a sufficient amount of time practising on a demo account before transitioning to live trading.
This can help traders get a feel for the market and build confidence in their abilities. But what may work for you may not work for me.
Some traders may choose to use a demo account for a few weeks or months, while others may use it for longer periods of time.
Ultimately, the length of time a trader spends on a demo account will depend on their individual goals, needs, learning approach, etc.
This can help traders get a feel for the market and build confidence in their abilities. But what may work for you may not work for me.
Some traders may choose to use a demo account for a few weeks or months, while others may use it for longer periods of time.
Ultimately, the length of time a trader spends on a demo account will depend on their individual goals, needs, learning approach, etc.
Dec 29, 2022 at 11:39
lauraJohnson posted:
It depends from person to person and their skill. How much time it took them to grasp all the knowledge and technicalities.
That’s true everyone learns at their own pace. Since experience is gained every day in forex trading, learning never stops there. Instead, it continues as we trade, building on our knowledge and experience just as we did as children. As long as the traders can recognise market emotion and choose when to follow the market and when not to, they will undoubtedly benefit.
Member Since Oct 01, 2022
51 posts
Jan 02, 2023 at 13:35
for the beginners level i think 3 months is really good to continue demo trading .
Member Since Oct 01, 2022
51 posts
Jan 05, 2023 at 10:24
yes , agree with you no doubt.
forex_trader_3132761
Member Since Jan 04, 2023
4 posts
Jan 05, 2023 at 11:22
I Demo traded for a year in 2005. Even as a professional account manager, i still connect my Live trades to Demo account and use it to tweak daily, As i can not connect my live accounts managed in public, not only due to the size, But i like just being on lowkey.
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