How long on a demo account
Member Since Sep 16, 2019
11 posts
Nov 18, 2019 at 12:07
Trade for as long as you think on a demo and then add 2 more months!
Nov 19, 2019 at 12:10
i personally think you should use demo for not more than 6 months. Demo can be used for evaluating how you trade your strategy before jumping into a real trading account but with small lots till you feel confident enough to increase tha account and lot size. Demo will not make you a good trader because emotions are not involved since real money is not used.
Never Stop learning. Ego is for losers.
Nov 20, 2019 at 07:01
Basically demo account trading is not realistic enough as you are not using real money and you don't have any emotional connection with the money because its dummy and it dosent matter either you loose the amount but if you have some money in the liv account you have actual emotional connection you have a feel how market goes but still I would suggest to start with demo account because it will build your decision making power once you master in it you can go with real money and that will actually teach you how to handle the risk and your emotions of fear.
Revenue is vanity, profit is sanity, but cash is king
Nov 30, 2019 at 13:50
Demo is a tricjy thing. I think you should stay demo no more than 2 weeks. It's enough to learn trading and go to cent fx acc. If someone stays more, he risks to miss learning how to control emotions, as demo doesn't involve moral trial...
Member Since May 06, 2020
6 posts
Jul 09, 2020 at 06:13
chesterjohn posted:Everyone has a different speed of learning. I took 3 months to practice on demo account and starting trading with my own funds after that.
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?
Jul 09, 2020 at 06:17
Draggyr posted:I agree that emotions cannot be tested while on a demo, but as far as my perspective is concerned, I think 2 weeks of demo trading might not be enough for most of the traders.
Demo is a tricjy thing. I think you should stay demo no more than 2 weeks. It's enough to learn trading and go to cent fx acc. If someone stays more, he risks to miss learning how to control emotions, as demo doesn't involve moral trial...
Jul 14, 2020 at 17:40
The main task of a demo account is to teach you the basics of trading, to make you understand if you have learned how to trade and give you confidence in real trading. There is no definite period for a demo account, as everyone has a different learning curve. The main thing is to feel confident that you are ready to trade, and then you can start real trading.
Member Since Jan 11, 2020
23 posts
Jul 16, 2020 at 14:05
On average, to adapt to trading, I advise trading on a demo account for about 2-3 months. This time should be enough for you to understand the basics of a trader, to understand the main rules and the basics of trading. The main thing is not to open a large account at once, start with small investments, and then increase your investment over time.
Member Since Jul 09, 2020
34 posts
Jul 17, 2020 at 07:30
According to me 3-4 months are enough on demo account.
Member Since Jun 26, 2020
327 posts
Jul 20, 2020 at 07:08
i trade in demo as new Forex trader only 1 month , now i realize it was not enough , minimum beginners should trade 3-5 months on there to bring good knowledge and experience.
Member Since Jul 03, 2020
1 posts
Jul 20, 2020 at 07:12
Once you are comfortable trading in Demo, try for 4 consecutive weeks in the green.
If a week is in the red start over. This gives you a goal to work towards at least...
If a week is in the red start over. This gives you a goal to work towards at least...
Member Since May 06, 2020
8 posts
Jul 20, 2020 at 10:02
Not more than a month. Demo is just to get familiar with the trading platform. Once you are familiar, have tested your strategies and checked the spreads etc, you are good to go live then.
vontogr (togr)
Member Since Feb 22, 2011
4862 posts
Jul 20, 2020 at 11:44
3 months demo
3 months on cent
then real big
3 months on cent
then real big
Member Since May 23, 2019
10 posts
Jul 20, 2020 at 11:59
At least 3 months. Demo is to help you train to be a Forex trader. Only go live when you can make consistent money on demo
mrnewtrader (yasernabavi)
Member Since Apr 07, 2020
9 posts
Jul 26, 2020 at 15:25
snapdragon1970 posted:
About a year ,then a small live account for further testing.
My advice is close the mess about account, focus on the one that matters
It's too soon to say how it will go ,need a longer time frame to evaluate
When I can recognize that I can enter real money and work with it?
I have traded form september in demo account and not about loss.
I am going to disappoint from trading but I love it really.
If you help me I will be tahnks.
I think the problem is with my system but i;m not sure
Trading Is My Point Of view
