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How long on a demo account
Členem od Oct 09, 2018
41 příspěvků
Oct 22, 2018 at 11:16
demo account should be traded for 4-5 months only (according to me).
Členem od Dec 09, 2015
823 příspěvků
Oct 22, 2018 at 13:29
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
Členem od Oct 09, 2018
41 příspěvků
Oct 23, 2018 at 07:01
dianajs posted:yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
Členem od Dec 09, 2015
823 příspěvků
Oct 23, 2018 at 11:21
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.
Členem od Oct 09, 2018
41 příspěvků
Oct 24, 2018 at 14:29
dianajs posted:
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.
agreed.
Členem od Feb 12, 2016
394 příspěvků
Oct 25, 2018 at 14:11
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )
Accept the loss as experience
Členem od Sep 12, 2015
1933 příspěvků
Oct 25, 2018 at 14:16
yellowman94 posted:dianajs posted:yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
I think he means years!according to me
"They mistook leverage with genius".
Členem od Dec 09, 2015
823 příspěvků
Oct 27, 2018 at 14:20
TiffanyK posted:
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )
I have been trading for almost a decade and I still occasionally use my demo account too. Any time I want to test a strategy or examine a trading instrument I haven't used before, or just to train myself I turn to that account.
Členem od Oct 09, 2018
41 příspěvků
Oct 28, 2018 at 07:32
snapdragon1970 posted:yellowman94 posted:dianajs posted:yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
I think he means years!according to me
i didn't get you. who means years?
Členem od Oct 26, 2018
10 příspěvků
Oct 28, 2018 at 07:42
You should continue to trade on a demo until you have 3 winning months in a row. Only then is it time to try a real account
Členem od Dec 09, 2015
823 příspěvků
Oct 29, 2018 at 11:52
I traded on a demo account even a little longer than that, but then again, every person is different.
Členem od Oct 22, 2018
3 příspěvků
Oct 31, 2018 at 08:09
I traded in demo for almost a year. Then I opened a live account with 50 dollars in it. I traded 0.01 lot size until i was comfortable enough to trade higher. I still use my demo account for practicing new strategies.
When I lose a trade I go back to demo and practice for at least a day before I open a new trade in my live account.
When I lose a trade I go back to demo and practice for at least a day before I open a new trade in my live account.
Členem od Dec 05, 2016
3 příspěvků
Oct 31, 2018 at 08:47
I give one tips to be a professional trader. Try to master and learn about Multi-timeframe... believe me, you will become profitable trader soon. Multi-timeframe is so mandatory and so Importat. Trader must know it. Learn candlestick behaviour and observed their reaction every timeframe and one more tips: Focus sell GJ until 140.3xx. Tq
SyahiruddinTLDM@
Členem od Oct 16, 2018
8 příspěvků
Oct 31, 2018 at 11:58
What do you mean by multi-time frame? Is that when you get direction from daily but trade on 4 hourly etc?
Členem od Dec 09, 2015
823 příspěvků
Oct 31, 2018 at 13:23
I assume he means that a trader should know how to trade on different time frames, not just on one or two of them?
Členem od Aug 16, 2018
11 příspěvků
Oct 31, 2018 at 13:49
To analyze multi-time frame, you got to decide the order (buy/sell) after you analyse on not one time frame, but multi-time frames [15M, 1HR, 4HR, 1D etc]. doing this helps confirm the trend against the deceptive 5M timeframe.
Use longer one for general direction, use smaller one for entry point.
Use longer one for general direction, use smaller one for entry point.
Členem od Aug 11, 2017
870 příspěvků
Nov 19, 2018 at 12:54
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Členem od Sep 12, 2015
1933 příspěvků
Nov 19, 2018 at 13:09
Best to get a professional education before any live trading its well worth it.
"They mistook leverage with genius".
Členem od Oct 31, 2018
10 příspěvků
Nov 21, 2018 at 12:15
How does a retail trader get a professional education!!! Only banks offer that kind of training and that is not available for the normal folks
Členem od Sep 12, 2015
1933 příspěvků
Nov 21, 2018 at 18:23
Farhan1 posted:
How does a retail trader get a professional education!!! Only banks offer that kind of training and that is not available for the normal folks
A bank trader and a retail trader trade completely different ,knowing what way they trade puts you in a better place , there is professional training available from professionals just check their background.
"They mistook leverage with genius".
