How long on a demo account

Apr 21, 2018 at 12:17
9,878 Views
198 Replies
Member Since Aug 03, 2012   293 posts
Nov 19, 2020 at 15:10
I think we need learn too long for demo account because forex very dificult
Member Since Aug 03, 2012   293 posts
Nov 20, 2020 at 13:53
I agree with you
Member Since Aug 27, 2017   994 posts
Nov 24, 2020 at 10:30
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Member Since Apr 25, 2020   119 posts
Nov 24, 2020 at 12:30
On a demo account, you can really learn well and acquire the necessary knowledge about the platform of the broker with whom you are going to cooperate.
Member Since Jul 19, 2020   788 posts
Nov 25, 2020 at 04:27
You should not join live trading unless you can consistently make a profit in demo trading. If you earn a consistent profit in demo trading then you should open a cent account and trade there.
Member Since Aug 17, 2020   123 posts
Dec 04, 2020 at 17:25
I agree with those who say you shouldn't stick to a time limit on demo trading but rather measure your progress based on performance, and move on when you are consistently profitable on a demo account
Member Since Dec 28, 2020   187 posts
Dec 29, 2020 at 03:40
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
Member Since Dec 21, 2020   36 posts
Dec 31, 2020 at 07:46
Sarjohn posted:
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
I also do the same.
Member Since Jan 07, 2021   23 posts
Jan 08, 2021 at 06:20
i used demo account for approx. 3months.
Member Since Feb 13, 2017   251 posts
Jan 09, 2021 at 19:00
As long as you can Keep it alive and profitable in general for a year at least.
The. Welcome to the real account.
Member Since Mar 12, 2018   2 posts
Jan 11, 2021 at 07:42
Hello, I live in the United States. It seems as though we have few Forex brokers here and it also seems that most overseas brokers won't serve U.S. citizens. I would need a broker that will allow me to have a demo account without a time limit and that that demo account would allow full use of the MT4 trading platform. The first broker I had would only allow 1 month and the demo account did not seem to have the full use of the trading platform. Can anyone recommend a could broker for a novice trader like myself?
Member Since Dec 24, 2020   12 posts
Feb 26, 2021 at 03:58
You can work on demos for about 3 to 4 months before opening a live account. You can also practice for less than that depending on your learning ability.
Member Since Jul 23, 2020   869 posts
Feb 26, 2021 at 04:55
Demo is the best option to learn trading. New trader should spend at least 4months in demo trading.
Member Since Dec 28, 2020   187 posts
Mar 06, 2021 at 08:08
Fx_howie posted:
Sarjohn posted:
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
I also do the same.
Good to know that.
Member Since Dec 28, 2020   187 posts
Mar 08, 2021 at 10:57
Sarjohn posted:
Fx_howie posted:
Sarjohn posted:
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
I also do the same.
Good to know that.
Also, how long you have started live trading?
Member Since Aug 11, 2017   886 posts
Mar 10, 2021 at 07:55
I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.
Member Since Aug 27, 2017   994 posts
Mar 10, 2021 at 09:40
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Member Since Nov 16, 2020   55 posts
Mar 10, 2021 at 11:45
Everyone should understand how long he should lead on a demo account.
Member Since Nov 23, 2020   46 posts
Mar 14, 2021 at 10:40
If trading on a demo account shows good results and a good work of a trading strategy, then it's time to switch to a real account.
Member Since Jul 23, 2020   759 posts
Aug 07, 2021 at 16:34
I say at least try the demo account for 4 months.
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