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How long on a demo account
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YellowStoneFX

Member Since Jun 26, 2018  10 posts YellowStoneFX Jun 27 2018 at 06:00
BaldoN posted:
Till the time you find a really working strategy and stable profit, which could be continued on live :)


That is the only real sensible answer here. There is no point moving from demo to real after a month if you are still making a loss on demo

oliviapeters

Member Since May 30, 2018  12 posts oliviapeters 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.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) 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 :)

Cappucinotrader

Member Since Jul 24, 2018  7 posts Cappucinotrader 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

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) 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 :)

TheWatcher

Member Since Aug 10, 2017  12 posts TheWatcher 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

Professional4X

Member Since Jan 05, 2016  1150 posts Professional4X 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.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
nick3232

Member Since Jan 03, 2018  133 posts nick3232 Jul 28 2018 at 21:34
scalpers won't do the same in demo than live

TeddyBrendon

Member Since Jul 27, 2018  7 posts TeddyBrendon 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

goyankees85

Member Since May 18, 2015  118 posts goyankees85 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.
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