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How long on a demo account
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snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Apr 26 2018 at 10:55
chesterjohn posted:
LongVision posted:
It is better to trade with a cent or micro account.Real money trading is different from demo trading because of human get emotional when there is money involved and trading psychology will change.


I understand what you're saying. Although I'm hoping to avoid that situation because once I start the account, I am going to try and behave like that money is gone and react as if I am with a demo account. We will see how that works, but I think I have the right personality to do that. I think a cents account wouldn't really work for me, because the losses and gains would be too small vs what I earn in my real career to actually have an emotional response to it.


Live account will certainly test your personality to its limits, that's why it is good advice to start small till you understand your reactions to losses and wins, only trade live with what you can afford to lose while improving,at the same time it has to be worth the effort ,sticking to your Plan is paramount.

"They mistook leverage with genius".
Gorh

Member Since Apr 16, 2018  16 posts Gorh Apr 27 2018 at 12:33
Demo account can be used for testing your new trategy. So, to improve your trading you need trade demo constantly

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 01 2018 at 06:14
Gorh posted:
Demo account can be used for testing your new trategy. So, to improve your trading you need trade demo constantly


I agree on principle, but I think the original question refers to the period one trades on a demo for training purposes.

emily_smith

Member Since May 10, 2018  22 posts emily_smith May 31 2018 at 13:45
Till the time you don't feel confident for trading on live account.

sarahlawrence

Member Since May 30, 2018  20 posts sarahlawrence May 31 2018 at 13:49
It really depends on how long you take to learn the essential aspects of trade. Some people might get off to a flying start whereas others may require more time to absorb what's going on. Once you get a hang of it and start earning good profits through demo money you can switch over to live account. But take your time because if you are not doing good on the demo account it won't be a very good decision to risk real money by trading on live account.

noxesu

Member Since Mar 20, 2018  4 posts noxesu Jun 07 2018 at 06:13
I've been on this demo account for almost 2 weeks, do you think i'm ready to go live on a small account?
https://www.myfxbook.com/members/noxesu/1k-10k/2555000

The sky's the limit
TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Jun 14 2018 at 11:38
The link s not working, could you repost it? Thanks:)

Accept the loss as experience
noxesu

Member Since Mar 20, 2018  4 posts noxesu Jun 14 2018 at 12:20
TiffanyK posted:
The link s not working, could you repost it? Thanks:)

https://www.myfxbook.com/members/noxesu/1000/2563563

The sky's the limit
StanfordB

Member Since Jun 14, 2018  10 posts StanfordB Jun 14 2018 at 13:20
That is a good looking demo account. What strategy do you use? If you can keep that up for a few months then you could be trading with the big boys

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Jun 26 2018 at 14:58
Till the time you find a really working strategy and stable profit, which could be continued on live :)

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