You should not join live trading unless you can consistently make a profit in demo trading. If you earn a consistent profit in demo trading then you should open a cent account and trade there.
Dec 04 2020 at 14:36
'Demo trading account is not a race. If you are a newbie, take as much time you require and focus learning on how to trade, the longer time is taken to practice in the demo; the clearer will be the basics.
However, for advanced learning, there is nothing better than live trading. So take your time on demo and when you have gained enough confidence and skills open a live account, preferably a micro a/c and start trading there.'
However, for advanced learning, there is nothing better than live trading. So take your time on demo and when you have gained enough confidence and skills open a live account, preferably a micro a/c and start trading there.'
Dec 04 2020 at 17:25
I agree with those who say you shouldn't stick to a time limit on demo trading but rather measure your progress based on performance, and move on when you are consistently profitable on a demo account
Dec 28 2020 at 10:28
You can go upto 4 months on a demo account and if you think you need more practice, you can also go for about 6 months. It depends on how proficient you are with learning.
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
Dec 30 2020 at 13:35
It mostly depends on the level of focus. I was on a demo account for probably three months and was confident enough to move to live trading because I was thorough with the basics.
Sarjohn posted:
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
I also do the same.
Jan 08 at 04:17
BarronLucas posted:
It mostly depends on the level of focus. I was on a demo account for probably three months and was confident enough to move to live trading because I was thorough with the basics.
Definitely, it’s all about one’s capability to learn as quick as possible, even I spent somewhere around 3 to 4 months on a demo account.
Jan 08 at 06:18
A month for me, I honestly started getting bored with trading paper currency and was just raving to go. In hindsight, not sure if it was a wise decision by any means.
