How long should I start to trade after studying?
Member Since Oct 12, 2020
38 posts
Jan 27, 2021 at 13:02
jimmyneeesham posted:A trader is only bound by its capacity to learn. There is not a clear distinction whether one is an advanced trader or a beginner level trader. I don’t think any type of trader and broker whether that is a simple, intuitive style broker Fxview or interactive brokers which is complex, no one is bound to a particular boundary of hierarchy. If you have done your homework and know the risk of the trades and techniques, then yes a person should move forward.Rassellkarl posted:I think leverages should not be used by anyone and only reserved for the advanced traders with experience.Jamespaul posted:There many timeframes and charts which people have to learn. If a person learns about scalping then he has to learn about the M1 to H1 charts and then there are other strategies like day trading and position trading for which learning of D1 charts is necessary. For instance as a scalper from the beginning, even while practicing on demo on pepperstone, LCG and fxview, I never for once settled unless I learnt about different indicators, use of leverage and market patterns. So, as per the strategy one is following, it’s imperative to learn all the things related to it.
Everyone has a different learning curve. Maybe a person can learn the techniques in one day or some other person may learn the same thing in one year. We cannot say for sure that how much time a person will take to learn the concept.
Feb 17, 2021 at 12:56
(edited Feb 17, 2021 at 13:04)
flashoutline posted:Agreed with 3 months profitability under your built your well on your way to mastering live conditions
This is a simple question - trade demo until you have been consistently profitable on demo for 3 consecutive months.
Mar 29, 2021 at 12:12
dutchy1986 posted:Yes, demo account can be the best option for learning forex trading.
I don’t think there is a set time as people learn differently. I would say once you feel you are getting somewhere spend a few months on demo practicing what you have learnt
Member Since Mar 29, 2021
9 posts
Mar 29, 2021 at 12:33
Trade on a demo straight away. Best to do this while you are studying it will give you a better understanding of what you are doing
Member Since Jul 23, 2020
869 posts
Apr 09, 2021 at 14:49
The demo account is used for practice. It is best to trade at a demo account for at least 4 months.
Member Since Jul 23, 2020
759 posts
Apr 10, 2021 at 13:01
anneyates posted:I also agree. At least practice 5 to 6 months in the demo account. After that think about low investment.
If you are done with the course, you can surely begin with demo accounts at different broker platforms. Practice as much as you can.
Member Since Mar 17, 2021
536 posts
Sep 04, 2021 at 08:22
LyudmilLukanov posted:A demo is the best place to learn and practice trading.
The demo account is used for practice. It is best to trade at a demo account for at least 4 months.
Sep 06, 2021 at 20:01
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?
It’s always learning
Start with a demo account until you feel comfortable
Nov 12, 2021 at 12:55
Well, nobody prohibits you to start trading right away without any special preparation for it. You have to understand that experience in trading activity comes with practice. The more practice you will have, the earlier you will gain success. Of course, learning is really significant in trading activity, but if you have already passed basic courses and know basc notions, then you already are ready to start trading activity. If you still doubt in your strengths then you can starts off from demo account. There you will gain a bit of experience and then you can go to the real account. Only by these step you will gain success.
Member Since Nov 15, 2019
26 posts
Jan 13, 2022 at 19:41
It depends solely on your personal objectives actually. Not all trader start from trading on real account right away, the vast majority prefers to stay on demo for particular period of time and only then they start trading on real accounts with their own money. I believe such approach is the most wisest, becaude demo account clarifies you all the pecualirities of trading activity and on this stage you should decide whether you continue develop your skills and move to real account, or you leave this activity. I'm convinced that there is no such a notion as 'how long', it should be transformed into 'as soon as I gain knowledge and experience, I will move to real account'.
Member Since Mar 17, 2021
536 posts
Jan 13, 2022 at 19:45
Wrathdragon posted:Yes. You are absolutely right.
It depends solely on your personal objectives actually. Not all trader start from trading on real account right away, the vast majority prefers to stay on demo for particular period of time and only then they start trading on real accounts with their own money. I believe such approach is the most wisest, becaude demo account clarifies you all the pecualirities of trading activity and on this stage you should decide whether you continue develop your skills and move to real account, or you leave this activity. I'm convinced that there is no such a notion as 'how long', it should be transformed into 'as soon as I gain knowledge and experience, I will move to real account'.
Jan 21, 2022 at 18:03
Well, here all traders decide on their own, how long they have to learn. I believe that if you have noticed some results from your learning, for example, you have already created demo account and successfully practiced at it, you created your own trading strategy and it showed results, then it's the right time to move on a real account. As far as I concerned, the matter here is to understand that you might be wrong with the strategy and you might be failed, but don't worry and never give up. Those ones who never give up, reach their goals much faster than those ones who always give up the idea of earning with trading.
Jan 24, 2022 at 09:34
It depends on how you are steady with your learning. Once I was done learning, I decided to hop in demo with fxview so that I can get familiar with tools and techniques when trading. It took me a year to go live and start trying to make a consistent profit.
Jan 28, 2022 at 14:16
I agree that learning to trade is an eternal process. You will most likely continue learning on a real account. Trading is a very dynamic thing. It always changes, something new constantly shows up that can’t be traded as assets of the past.
