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How long on a demo account

snapdragon1970 (snapdragon1970)
Nov 27 2018 at 12:16
1944 posts
TA is the last step in the process of Trading , the market doesn't move because of some fib level or what ever indicator ,deals are made at prices that the professional side want ,supply and demand or political change ,if you don't understand the market structure its going to make it really difficult on yourself.

"They mistook leverage with genius".
PinUpGal
Nov 28 2018 at 12:13
12 posts
snapdragon1970 posted:
TA is the last step in the process of Trading , the market doesn't move because of some fib level or what ever indicator ,deals are made at prices that the professional side want ,supply and demand or political change ,if you don't understand the market structure its going to make it really difficult on yourself.


probably one of the most important things I have every read in a forum. Real traders think about what is behind the curtain and don't expect price to reverse when moving averages cross over!!

anna1987
Dec 04 2018 at 09:32
3 posts
Hi everybody!!1 I'm trading on demo account for a 5 months, but still not sure that I could start to trade with real money. What is the indicators of success exept money? What about dynamic of account?

Gasley
Dec 05 2018 at 11:44
10 posts
Money is the main one. Everything else is just stats. Focus on $$$ and everything else should be fine

togr (togr)
Dec 05 2018 at 13:55
4862 posts
Gasley posted:
Money is the main one. Everything else is just stats. Focus on $$$ and everything else should be fine


That is completely wrong.
You have to have complex solution with risk management otherwise all your profit will turn in loss.
I know that very well :)

red1939
Dec 06 2018 at 06:43
1 posts
@anna1987 I would say it's far too long. Demo account should be only used to get to know the platform before you start doing any stupid mistakes. People think: 'I want to train in the pool before I get to swim in the ocean'; while what they end up doing is: 'I will play a video game before I go to war - I want to be prepared'. You cannot be a good mother before you give birth to a child, no matter how many books you read and tamagochis you raised.

Fund your account with some small amount that you CAN LOSE (after you secured about 1 year of earnings in the bank) and risk at most 1% at each and every trade. Decrease the percentage every several consecutive, failed trades, so you might end up risking only 0.6 or 0.2%. Then, follow a daily routine, so that trading is not some kind of an activity you do, because you are bored, but that because you truly want to.

There are many trading systems that lead you to success. Unfortunately it takes time to find the one that fits you. Swing trading, position trading, scalping, fundamental analysis, stocks, forex, commodities, futures, options, fibonacci, heiken ashi, stochastics, price action, algorithms, semi-automated trading, multiple time frames, volume, moving averages, partially closing, averaging, pyramiding, martingaling, R:R ratio, accuracy? There are some general guidelines (applicable to all) but as you will soon find out there are no 'one size fits all' clothes in trader's closet, so DON'T MAKE ASSUMPTIONS. Your biggest foe might become your biggest ally.

Remember: money ($$$) is the (side?) EFFECT of your GOAL to follow the plan and improve yourself. If you concentrate on your money you will most definitely fail, as it will create a glass ceiling of fear and greed that you will not be able to break.

NukeNoobEffects
Dec 06 2018 at 11:09
1 posts
demo account trading depends on the traders ability to grasp his own powers/skills. there are people blessed with quick learning and has the correct mindset of a trader, they may be profitable traders in a matter of 2-3 months. some are regular folks that need years of unlearning habits that make them fail in trading. if you have a good system and you have played your trading according to your plan, then you may jump in to live trading after 5-6 months. if your demo trading is inconsistent based on the strategy you are using, then rethink of a strategy or trading plan. the most important in live trading is consistency in your trade applications...… with no consistency, you will just lose money.

hollyholly141
Jan 22 2019 at 11:49
9 posts
I've just started on my demo account will let you know how it goes

Golden_Eyes
Jan 23 2019 at 07:17
2 posts
I use it to see how my strategy works, so I do have demo...forever))) hahah

johngerwin
Jan 23 2019 at 11:37
16 posts
Demo until you are consistently profitable over at least a 3 month period.

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