mlawson71 posted:
There's generally no other way but to move to a live account sooner or later. And regardless of how hard people train on a demo usually the first few months on a live account are difficult and not exactly profitable. Still, demo account training is absolutely necessary, as without the first few months wouldn't be difficult, they'd be a disaster.
I also agree here. Very useful tips shared on this topic.
After all, demo is used to practice what you learn and study about trading. I agree also with the points about getting a good grip of the platform. If someone is practicing on a daily basis, demo account expiration should not be an issue.
Nov 26 2016 at 13:04
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Nov 27 2016 at 08:10
My 2 cents...
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mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Yes, this demo expiration annoys me a lot! 😄
Once a trader, always a trader!
Nov 28 2016 at 15:40
LLewis posted:mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Yes, this demo expiration annoys me a lot! 😄
Keep moving around different providers if you feel the need to use demo.
"They mistook leverage with genius".
mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
I think that here we traders must understand brokers. By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
Nov 30 2016 at 15:43
Madjarrah posted:
By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
Well, yes, that's true. I think it's reasonable to have some kind of expiration rule but not just based on duration as also nothing stops the trader to open a new demo account. This could avoid the annoying account reopening after 15/30 days even if you use actively the demo.
Nov 30 2016 at 15:44
@Madjarrah btw, since you mentioned the broker perspective, I hope the big brokers are reading such discussions to understand what irritates their clients and what can be done better 😄
Dec 03 2016 at 12:12
Madjarrah posted:mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
I think that here we traders must understand brokers. By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
I am aware of that, I wasn't criticising brokers for doing it. I just wanted to say what I do to make sure my demo account doesn't get closed.
