How long on a demo account
Členem od Oct 05, 2020
65 příspěvků
Oct 07, 2020 at 08:24
A demo account will build your decision making power once you master in it you can go with real money and that will teach you how to handle the risk and your emotions of fear.
Členem od Oct 05, 2020
21 příspěvků
Oct 07, 2020 at 08:25
Make sure to not spend way too much time on demo account, as it can lead to bad trading practices. Try not to exceed using a demo account for more than 5 months.
Členem od Oct 22, 2019
33 příspěvků
Oct 08, 2020 at 10:20
I think 2-3 months would do.
Členem od Feb 27, 2020
168 příspěvků
Oct 08, 2020 at 19:55
pegima posted:
I have traded in a demo for about 2 months then moved to live account but whenever I want to test something new, I will test that in a demo account before trying that in a live account. My suggestion for any newbie is to trade in a demo account until you start to make a decent profit, then move to a smaller live account. Then you can gradually increase the lot size based on your level of success.
Of all said this is the best way to go.... :D
Členem od Mar 16, 2020
54 příspěvků
Oct 09, 2020 at 06:03
Demo account helps you to learn more about trading and one can develop the strategy for live while working on demo and It's totally depends on you that how much time you're going to spend on demo account. you can trade on demo account unless you think you're confident enough to go live.
Členem od Jul 17, 2020
42 příspěvků
Oct 16, 2020 at 12:03
I think everything that has to be learned from a demo account can be done in max 3 months.
Členem od May 24, 2020
112 příspěvků
Oct 19, 2020 at 04:50
Well, in principle, this is a period that can bring certain results of knowledge, well, perhaps, for someone it will be less, for someone more, everything is already going on individually.
Členem od Oct 08, 2020
25 příspěvků
Nov 09, 2020 at 13:03
I practised on my demo account for around 5 good months till I got a hold of the strategies I wanted to use.
Členem od Oct 12, 2020
29 příspěvků
Nov 18, 2020 at 06:09
Using a demo for around 4 to 6 months will give you a good idea about how forex works. You can also use it for a limited time if you already have an idea.
Členem od Apr 09, 2020
26 příspěvků
Nov 19, 2020 at 14:38
For a demo account, one week is enough to figure out what's what. Open a real account and start trading in the relay. Lots are minimal. But be prepared that you will merge your first bill. This will be your first lesson. If you do not stop there and continue, there will probably be another successful trader soon. Good luck.
A walking person is always faster than a standing person
Členem od Aug 03, 2012
293 příspěvků
Nov 19, 2020 at 15:10
I think we need learn too long for demo account because forex very dificult
Členem od Aug 03, 2012
293 příspěvků
Nov 20, 2020 at 13:53
I agree with you
Členem od Aug 27, 2017
994 příspěvků
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.
Členem od Apr 25, 2020
119 příspěvků
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.
Členem od Jul 19, 2020
788 příspěvků
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.
Členem od Aug 17, 2020
123 příspěvků
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
Členem od Jul 06, 2020
28 příspěvků
Dec 28, 2020 at 10:28
You can go upto 4 months on a demo account and if you think you need more practice, you can also go for about 6 months. It depends on how proficient you are with learning.
Členem od Dec 28, 2020
187 příspěvků
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.
Členem od Dec 21, 2020
36 příspěvků
Dec 31, 2020 at 07:46
Sarjohn posted:I also do the same.
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.
Členem od Jan 07, 2021
23 příspěvků
Jan 08, 2021 at 06:20
i used demo account for approx. 3months.
