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How long on a demo account

AliaDare
Nov 25 2020 at 04:27
posts 766
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.

Brussels88
Dec 04 2020 at 14:36
posts 28
'Demo trading account is not a race. If you are a newbie, take as much time you require and focus learning on how to trade, the longer time is taken to practice in the demo; the clearer will be the basics.

However, for advanced learning, there is nothing better than live trading. So take your time on demo and when you have gained enough confidence and skills open a live account, preferably a micro a/c and start trading there.'

DoraWalletInvest
Dec 04 2020 at 17:25
posts 123
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

Coreyarren
Dec 28 2020 at 10:28
posts 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.

Sar John (Sarjohn)
Dec 29 2020 at 03:40
posts 187
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.

BarronLucas
Dec 30 2020 at 13:35
posts 27
It mostly depends on the level of focus. I was on a demo account for probably three months and was confident enough to move to live trading because I was thorough with the basics.

Fx_howie
Dec 31 2020 at 07:46
posts 30
Sarjohn posted:
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.

I also do the same.

Harshalgibbs
Jan 08 2021 at 04:17
posts 54
BarronLucas posted:
It mostly depends on the level of focus. I was on a demo account for probably three months and was confident enough to move to live trading because I was thorough with the basics.

Definitely, it’s all about one’s capability to learn as quick as possible, even I spent somewhere around 3 to 4 months on a demo account.

Ericdier752
Jan 08 2021 at 06:18
posts 59
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.

Kees_Lars
Jan 08 2021 at 06:20
posts 23
i used demo account for approx. 3months.

jamesmaxwell52
Jan 08 2021 at 08:27
posts 42
Ericdier752 posted:
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.

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.

Shelby10
Jan 09 2021 at 07:10
posts 140
Losing money in the market is a common matter. You have to make a good plan to deal with your losses. You need to practice more and more to m minimize the risks and make money from this market.

almfx
Jan 09 2021 at 19:00
posts 241
As long as you can Keep it alive and profitable in general for a year at least.
The. Welcome to the real account.

inspirenez
Jan 11 2021 at 04:31
posts 59
jamesmaxwell52 posted:
Ericdier752 posted:
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.

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.

O ya? I have used many demo accounts: pepperstone, oanda, fxview, xtb, swissquote, are some that I liked, never faced this.

Ericdier752
Jan 11 2021 at 05:44
posts 59
jamesmaxwell52 posted:
Ericdier752 posted:
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.

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.

And how did that go for you?

chrshrrp
Jan 11 2021 at 07:42
posts 2
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?

Harshalgibbs
Jan 11 2021 at 07:59
posts 54
jamesmaxwell52 posted:
Ericdier752 posted:
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.

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.

Fair play is hard to get. Better to always use a renowned broker. I researched a lot and then made demo accounts with fxview and cmc markets, turned out fine for me.

jamesmaxwell52
Jan 12 2021 at 04:42
posts 42
Ericdier752 posted:
jamesmaxwell52 posted:
Ericdier752 posted:
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.

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.

And how did that go for you?

How do you think?! I blew my account initially.

trollsdindy
Feb 10 2021 at 09:18
posts 23
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.

epeeminna
Feb 26 2021 at 03:58
posts 12
You can work on demos for about 3 to 4 months before opening a live account. You can also practice for less than that depending on your learning ability.

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