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How long on a demo account
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BaldoN

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

StampGer

Member Since Jul 22, 2018  11 posts StampGer Aug 02 2018 at 08:55
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

ComebackKing

Member Since Apr 09, 2018  36 posts ComebackKing 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.

Oceanlif

Member Since May 16, 2018  1 posts Oceanlif Aug 03 2018 at 07:05
I have been in demo for one year and I have just gotten some understanding of trading. And still learning more. Just stay consistent.

BaldoN

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

BaldoN

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

HappyDog1

Member Since Aug 09, 2018  12 posts HappyDog1 Aug 09 2018 at 10:19
One year impressive. Shows a lot of self control. Hopefully you will be a good trader when you get going with real money

picard_trader261

Member Since Aug 13, 2018  4 posts picard_trader261 Aug 13 2018 at 14:40
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.
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

s1m3nk0n

Member Since Nov 30, 2016  9 posts s1m3nk0n 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.

RedSox

Member Since Oct 08, 2018  10 posts RedSox Oct 21 2018 at 06:14
3 months on demo + 3 months on micro account. Best of both will give the better all round trading experience with the psychological training too

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