Mar 24 2020 at 19:11
When you started profiting from demo, that's the time to start doing it with small money. For a system to be considered a reasonable battle tested system, my lowest acceptable criteria is at least 100 trades (unique positions). If you discovered your own system and profited from it after 100 trades (unique positions), then there is a good chance that it can withstand the test of reality.
ZDFT posted:I agree on that. This criteria is fine to test whether you are ready for the markets or not.
When you started profiting from demo, that's the time to start doing it with small money. For a system to be considered a reasonable battle tested system, my lowest acceptable criteria is at least 100 trades (unique positions). If you discovered your own system and profited from it after 100 trades (unique positions), then there is a good chance that it can withstand the test of reality.
you can do everything in parallel. that is study and immediately test on a demo acc. better yet test signals sold by other experienced traders. or buy ea. understand the principle of its work. it’s better to learn everything in practice.
Mar 27 2020 at 14:13
Betty_60 posted:ZDFT posted:I agree on that. This criteria is fine to test whether you are ready for the markets or not.
When you started profiting from demo, that's the time to start doing it with small money. For a system to be considered a reasonable battle tested system, my lowest acceptable criteria is at least 100 trades (unique positions). If you discovered your own system and profited from it after 100 trades (unique positions), then there is a good chance that it can withstand the test of reality.
😄
Well time to switch from demo to a real account can vary from person to person, depending on one's knowledge and skills.
Mar 29 2020 at 11:53
Miki_Bao posted:
I've read some information in Babypips for months, and also some trading instruction/guide in some brokers' website.
I just don't know when to start? How do I know I am ready?
Look for trader that is experienced in your location and practice along to boost your beginning.
A lot of beginners just want to make money. But many experienced traders think Forex trading is a business and run it on business principles.
I do not think that it is necessary to pull in order to start trading after training....
jamubang posted:That's right and that is the major difference between how seriously experienced and successful traders take forex, in comparison to the beginners.
A lot of beginners just want to make money. But many experienced traders think Forex trading is a business and run it on business principles.
After I was trained, I switched to a demo account and learned all the advantages of the Amarkets platform, and then I started working on a real one.
Miki_Bao posted:
I've read some information in Babypips for months, and also some trading instruction/guide in some brokers' website.
I just don't know when to start? How do I know I am ready?
start trading on demo account now, and keep monitoring people who gives signals, start to trade on a real account only when you are sure about what you are doing.
demo accounts are useless. You don't have real emotions. The second you switch to Live account you'll blow it. Simply because it's real money.
I'd suggest forgetting about demos, just larn to read charts until you can accurately predict the market and then go Live.
I'd suggest forgetting about demos, just larn to read charts until you can accurately predict the market and then go Live.
i would advice doing both.start trading live with small live account;just to get feel of market and thrill trading.some people have never opened a trade before.i know how keen i was to go live trading.i had traded shares before but was boring.actually looking at results in my live account i would be averaging 50% a year if just kept holding shares till now.mean while test different systems on demo.after many years ;changing from demo to real money becomes less of a issue.demo is very accurate for results except scalping in seconds.back testing is always helpful.test many of free ea;s if you have to see how things work.
Jul 15 2020 at 04:31
When you feel you have gathered enough information and have enough understanding, then you can start to trade but on demo account first that will help you to understand the difference between real and demo account.
Jul 15 2020 at 07:31
I will say if you are able to get a stable or consistency in profit in demo trading, then you should be able to start doing the live account, but do bear in mind that they both are not the same
No need to drag out with real trading
Jul 20 2020 at 10:26
Learning to trade is a life-long journey and every trader's journey is unique. There are many things you will have to master, beyond knowing when to enter and exit a trade! On average, you could expect to learn to trade in 1-5 years. Based on all of the traders i know, it took most between 6 months to a year before they saw profitability, which then sustained itself into the future. When learning a new market, put in at least several hours a day.
After completing your education and learning, demo trading is the best thing to gain the practical experience of trading. Practice your strategies on a demo account consistently. Raise your capital slowly and do not rush in trading.
Jul 20 2020 at 11:58
There is no such things as completing your study. it is an on-going thing. Learn the basics for a few weeks but then start trading (on demo) and continue to learn learn learn. The markets are always changing
