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How long on a demo account
Member Since May 30, 2018
11 posts
Jul 17, 2018 at 11:36
Demo account trading is not a race. Take as much time as you need and carefully learn how to trade. Don't compare yourself with others, especially if they take less time than you. This is the lerning phase. The longer you spend here the clearer will be your basics. however, let me tell you that for advanced learning there is nothing better than live trading. So take you time on demo and when you have gained enough confidence and skills open live acc, preferably a micro a/c and start trading there.
Jul 23, 2018 at 15:02
oliviapeters posted:
Demo account trading is not a race. Take as much time as you need and carefully learn how to trade. Don't compare yourself with others, especially if they take less time than you. This is the lerning phase. The longer you spend here the clearer will be your basics. however, let me tell you that for advanced learning there is nothing better than live trading. So take you time on demo and when you have gained enough confidence and skills open live acc, preferably a micro a/c and start trading there.
Hey olivia, in regard of your micro account recommendation: Yes the idea is good- with micro account the money value is smaller, so probably the looses will be smaller, but the profit will be smaller as well :) So if you don't have any aggressive money maker strategy- you can trade few months for 1-2 $ profit/lose :D Additionally, I noticed, that almost always the micro accounts are provided with worse conditions. Almost every broker providing micro account- the offered spreads are starting from 1 pip+... So generally, I think micro trading is wasting of time on bad conditions :) I prefer to trade on Interbank core spreads without markup... Comments and ideas are welcome :)
Member Since Jul 24, 2018
10 posts
Jul 24, 2018 at 12:02
many ECN brokers offer micro accounts with spreads much lower than 1 pip and low commission. Try one of those
Jul 26, 2018 at 12:22
Cappucinotrader posted:
many ECN brokers offer micro accounts with spreads much lower than 1 pip and low commission. Try one of those
I am fan of such type of working model. I think, it is better to give some money for commission but trade on 0,1-0,2 pips spread, instead trading on 1,1-1,2 pips spread without commission :)
Member Since Aug 10, 2017
11 posts
Jul 27, 2018 at 06:54
A lot of pro traders seem to do that but I find it difficult to calculate the commissions and know exactly how much it costs when I trade. I know that fixed spreads are usually bucket shops but it makes things easy for me
Member Since Jan 05, 2016
1097 posts
Jul 28, 2018 at 19:08
If you have a solid strategy with long term profitable results, then your commissions and spreads are generally irrelevant.
They're just the cost of doing business.
They're just the cost of doing business.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jul 27, 2018
10 posts
Jul 29, 2018 at 05:41
There are plenty of tools on line that will calculte hte commissions for you. Just use one of those. Trust me trading with commissions is much better than with a bucket shop
Member Since May 18, 2015
103 posts
Jul 30, 2018 at 05:56
You guys are really talking about commission? You need to focus on your system and nothing else.
My avatar explains "social trading" perfectly.
Jul 31, 2018 at 14:51
The commissions are important part of every system and strategy :) Lets say you are using an Expert Advisor on a commission based broker, providing interbank core spreads. The Take Profit of the EA will be activated early because of tight spread / or the Stop Loss will be activated bit later because of tight spread. Generally this could be helpful for the overall performance and more profitable. On the second scenario: you are trading on marked-up spreads, without commission. In such case, it could take more time to be activated the TP (because of wider spread) / or the SL can be activated early (because of wider spread). This could generate you bigger losses because of earlier activation of the SL and because of bigger chance to skip activation the TP.
Member Since Apr 09, 2018
37 posts
Aug 02, 2018 at 14:49
chesterjohn posted:
A year? Wow, that's a lot longer than I thought. I know I need longer to refine things and stop the stupid losses I keep making. I was thinking more like 3 months of continual profit combined with an improved win/loss ratio and I'd take the plunge.
If you've just started trading, totally new, and you have a perception that 3 months on demo is enough then you're in for a harsh and painful lesson. Trading profitably and consistently is just not that simple or easy. There are people who spend decades trying this - very smart people - who never succeed. You actually think that you are that one special, unique snowflake who can beat the markets when literally everyone else has tried and failed and had to try and try again? That's just not reality. The reality is that trading profitably over a long period is as close to impossible as you can get. There are far more successful neurosurgeons than there are successful traders. The churn rate at prop firms is astonishingly high, and this is where traders have the most advantageous circumstances, support and surroundings.
Aug 07, 2018 at 13:07
StampGer posted:
very good point. I had not really thought about how the spread actually means that some trades that should be winners will actually be losers. nice comment
Yeah, the spread is one of most important things in regard of activation of your TP and SL. If you use an EA, the spread will be one of most important thing for the overall performance of the EA. As I mentioned on my previous post, if the spread is wider- the SL will be activated early / you will have a bigger chance to skip activating of the TP (because of the wider spread). This is why, my point is, that it is better to use interbank core spreads + commission, instead wider spreads without commission.
Aug 07, 2018 at 13:10
Oceanlif posted:
I have been in demo for one year and I have just gotten some understanding of trading. And still learning more. Just stay consistent.
Congratulations for the patience mate :) Many people are impatient and can't wait for one year testing. Actually, after the first year testing and learning the things begin to get clear :)
Member Since Aug 13, 2018
4 posts
Aug 13, 2018 at 14:40
Oceanlif posted:yeah consistency is paramount in trading. It is good that you spent such long on demo. Most people are on demo for 3-4 months only which, in my opinion at least, is a little short. Anyway, this long demo experience will be very helpful in understanding important aspects of trading
I have been in demo for one year and I have just gotten some understanding of trading. And still learning more. Just stay consistent.
Oct 19, 2018 at 09:20
It depends on your effort. How much you put in time per day, per week, per month and what is the quality of that time you put in. Are you scrolling Facebook on one monitor and trying to trade on another or are you super focused? If the latter is the case, then 6 months of consistent profits on demo should be enough.
Member Since Dec 05, 2016
3 posts
Oct 21, 2018 at 07:07
chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
Demo you can run it your trading system without any loss of money, Actually most people seem misconception of being trader, Trader is not depend how good your make a money, but a REAL trader is he know how good he manage the risk.
For me, loss is our enemy and profit is our friend, so you must overcome the enemy when your test ur system. I usually use a Demo account for testing my trading system and I make a challenge to Try as best as I can to Margin Call the demo account.. Not by taking how much i get money from it. Believed me, when your system are being tested and difficult to get MC, profit will come like a Magic.
SyahiruddinTLDM@
