How long on a demo account
Mitglied seit Jun 15, 2020
59 Posts
Jan 11, 2021 at 04:31
jamesmaxwell52 posted:O ya? I have used many demo accounts: pepperstone, oanda, fxview, xtb, swissquote, are some that I liked, never faced this.Ericdier752 posted:Same here, my demo account was deactivated by my broker after a month and I had to redo the whole process again, instead I opened a live account then. Maybe it was a broker tactic to augment my process of putting in real money.
A month for me, I honestly started getting bored with trading paper currency and was just raving to go. In hindsight, not sure if it was a wise decision by any means.
Jan 11, 2021 at 07:42
Hello, I live in the United States. It seems as though we have few Forex brokers here and it also seems that most overseas brokers won't serve U.S. citizens. I would need a broker that will allow me to have a demo account without a time limit and that that demo account would allow full use of the MT4 trading platform. The first broker I had would only allow 1 month and the demo account did not seem to have the full use of the trading platform. Can anyone recommend a could broker for a novice trader like myself?
Mitglied seit Dec 01, 2020
23 Posts
Feb 10, 2021 at 09:18
When I started with them, I practised for about 4 to 5 months before moving on to a live account. It took some patience but I learned a lot from them.
Mitglied seit Jul 23, 2020
869 Posts
Feb 26, 2021 at 04:55
Demo is the best option to learn trading. New trader should spend at least 4months in demo trading.
Mar 08, 2021 at 10:57
Sarjohn posted:Also, how long you have started live trading?Fx_howie posted:Good to know that.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.
Mar 10, 2021 at 07:55
I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.
Mitglied seit Aug 27, 2017
994 Posts
Mar 10, 2021 at 09:40
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.
Mitglied seit Mar 15, 2021
17 Posts
Mar 15, 2021 at 19:47
Demo account is the best way to learn forex properly and perfectly.
Mitglied seit Jul 23, 2020
759 Posts
Aug 07, 2021 at 16:34
I say at least try the demo account for 4 months.
Nov 16, 2021 at 08:59
It depends strictly on your, your abilities and your character, because some traders prefer to stay on demo for too long but it's not recommended by professional traders to do it. Everything because you will get used to trading without losses, and it will be very difficult to setup your mood for a real trading.
Our organism likes those things which aren't required enough resources and energy actually. Anyway, as soon as you understand that you are ready for starting real trading, you can move from demo account and start trading with real money. I guess, it's enough for you to see the positive dynamics of your trading on demo, for example, if you see that you start making profits and your strategy works, you can try to move on real account.
Our organism likes those things which aren't required enough resources and energy actually. Anyway, as soon as you understand that you are ready for starting real trading, you can move from demo account and start trading with real money. I guess, it's enough for you to see the positive dynamics of your trading on demo, for example, if you see that you start making profits and your strategy works, you can try to move on real account.
Mitglied seit Oct 29, 2021
70 Posts
Nov 18, 2021 at 05:18
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
Mitglied seit Mar 17, 2021
536 Posts
Nov 18, 2021 at 07:21
miguelcaron posted:Traders should practice on a demo account till they get confidence to trade in the real market.
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
Nov 29, 2021 at 04:24
The time frame will vary from one trader to another. It will depend on the particular trader how fast they can sharpen their skills on a demo account. It is good to practice various trading strategies and conditions on different platforms using a demo account. Once the trader gathers enough confidence, sets up the right mental frame, and starts making virtual profits frequently, it is time to enter the real market. It may take weeks or months to achieve that level.
Nov 29, 2021 at 11:23
SteveHanks posted:I agree with this, one should practice on demo accounts until they feel that they are ready to trade in the live market.miguelcaron posted:Traders should practice on a demo account till they get confidence to trade in the real market.
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
