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Demo Accounts - Which ones stay open with no recent trades?

WDL72
Jan 01 2015 at 07:52
posts 1
Hi guys,
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it 'clickable' via MyFXBook.
Thanks
Adribaasmet
Feb 27 2019 at 08:22
posts 994
To be honest, new traders should avoid these type brokers; since only 30 days even 6 months are not enough in general. So, using a wide demo service is important.
Akram101
Feb 27 2019 at 11:22
posts 11
Even if they close them down after 30 days you can just open another one. I know that Admiral will give you a demo account for life if you open a live account with them
Mohammadi
Mar 02 2019 at 10:13
posts 886
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.
Imamul
Apr 10 2019 at 11:36
posts 716
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Adribaasmet
Apr 26 2019 at 12:29
posts 994
Mohammadi posted:
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.

Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?
AmDiab
Apr 29 2019 at 10:43
posts 718
Adribaasmet posted:
Mohammadi posted:
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.

Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?

I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.
Roberto21
May 13 2019 at 11:34
posts 364
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
raybill
May 15 2019 at 05:47
posts 5
AmDiab posted:
Adribaasmet posted:
Mohammadi posted:
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.

Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?

I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.
true, trade on demo until you think your strategies are ready to be applied on real money. once your strategies are up and working, only then shift to real account.
AniLorak
May 15 2019 at 07:14
posts 920
Roberto21 posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

I don’t think; in the beginning stage; demo contest is relevant; since new traders need to focus on learning only.
jamesgwyther
May 15 2019 at 16:48
posts 289
I think all brokers allow unlimited demo accounts don't they?
Treeny
May 19 2019 at 06:07
posts 213
jamesgwyther posted:
I think all brokers allow unlimited demo accounts don't they?

That's what I thought too...
Imamul
May 20 2019 at 11:01
posts 716
according to me, if any newcomer has 6 months demos experience including a knowledge from pips school , $500 is more appropriate to kick off a live account.
Yozuru
May 24 2019 at 07:14
posts 24
I can't say which one exactly, but that is really bad, you shouldn't deal with that brokers anyway. I assume demo account should be open for something like .....indefinite term of use, cause you may have other plans or something like that. They shouldn't force you to live one.
Mohammadi
May 27 2019 at 10:52
posts 886
trading in demo is useful , but there is no real money , for that reason we don't trade here seriously. but in demo trading on various currency is really supportive to increase trading knowledge. 
Imamul
May 27 2019 at 11:53
posts 716
demo is good bu the experience we took generally from here practically
not works when trading in a live , its a reality, 
AniLorak
May 27 2019 at 15:15
posts 920
Imamul posted:
demo is good bu the experience we took generally from here practically
not works when trading in a live , its a reality, 

In this case, we need to work with small trading balance of demo! Because, I see with a healthy virtual balance, new traders lose their momentum too early!
jamesgwyther
May 28 2019 at 08:12
posts 289
Imamul posted:
demo is good bu the experience we took generally from here practically
not works when trading in a live , its a reality, 

Trading live, even small amounts, is a totally different pyscholgically.
jamesgwyther
May 28 2019 at 08:12
posts 289
AniLorak posted:
Imamul posted:
demo is good bu the experience we took generally from here practically
not works when trading in a live , its a reality, 

In this case, we need to work with small trading balance of demo! Because, I see with a healthy virtual balance, new traders lose their momentum too early!

Or think they will make huge amounts when they go live.
MaximePips
May 28 2019 at 11:25
posts 9
If a broker offers limited periods demo account just call them and they will extend it
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