Is demo trading enough before real account?
Nov 20, 2016 at 08:06
mlawson71 posted:
There's generally no other way but to move to a live account sooner or later. And regardless of how hard people train on a demo usually the first few months on a live account are difficult and not exactly profitable. Still, demo account training is absolutely necessary, as without the first few months wouldn't be difficult, they'd be a disaster.
I also agree here. Very useful tips shared on this topic.
Nov 21, 2016 at 15:45
After all, demo is used to practice what you learn and study about trading. I agree also with the points about getting a good grip of the platform. If someone is practicing on a daily basis, demo account expiration should not be an issue.
Membre depuis Dec 11, 2015
posts 1487
Nov 26, 2016 at 13:04
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Membre depuis May 04, 2012
posts 1608
Nov 27, 2016 at 08:10
My 2 cents...
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Nov 28, 2016 at 15:23
mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Yes, this demo expiration annoys me a lot! 😄
Once a trader, always a trader!
Membre depuis Sep 12, 2015
posts 1948
Nov 28, 2016 at 15:40
LLewis posted:Keep moving around different providers if you feel the need to use demo.mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
Yes, this demo expiration annoys me a lot! 😄
"They mistook leverage with genius".
Nov 29, 2016 at 12:35
mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
I think that here we traders must understand brokers. By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
Membre depuis Mar 31, 2015
posts 45
Nov 30, 2016 at 15:43
Madjarrah posted:
By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
Well, yes, that's true. I think it's reasonable to have some kind of expiration rule but not just based on duration as also nothing stops the trader to open a new demo account. This could avoid the annoying account reopening after 15/30 days even if you use actively the demo.
Membre depuis Mar 31, 2015
posts 45
Nov 30, 2016 at 15:44
@Madjarrah btw, since you mentioned the broker perspective, I hope the big brokers are reading such discussions to understand what irritates their clients and what can be done better 😄
Membre depuis Dec 11, 2015
posts 1487
Dec 03, 2016 at 12:12
Madjarrah posted:mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
I think that here we traders must understand brokers. By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
I am aware of that, I wasn't criticising brokers for doing it. I just wanted to say what I do to make sure my demo account doesn't get closed.
Dec 04, 2016 at 09:45
snapdragon1970 posted:
Hi Lucie,
I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.
Be lucky!
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
caldas@
Membre depuis Sep 12, 2015
posts 1948
Dec 04, 2016 at 11:48
(édité Dec 04, 2016 at 11:51)
fcaldas posted:You could look at Lex van dam,Anton kreil,Peter brown,Gary norden that's just a few I would think about looking at.snapdragon1970 posted:
Hi Lucie,
I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.
Be lucky!
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
"They mistook leverage with genius".
Dec 05, 2016 at 07:43
snapdragon1970 posted:fcaldas posted:You could look at Lex van dam,Anton kreil,Peter brown,Gary norden that's just a few I would think about looking at.snapdragon1970 posted:
Hi Lucie,
I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.
Be lucky!
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
Thank you! I will look this guys up.
caldas@
Membre depuis May 17, 2013
posts 33
Dec 05, 2016 at 10:58
fcaldas posted:snapdragon1970 posted:
Hi Lucie,
I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.
Be lucky!
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
You can try Jarratt Davies professional training program. It is the same program that all his junior traders have to take. The best part of it is free.
JD has been ranked by Barclays Hedge as the 2nd top currency trader for 6 consecutive years by trading performance. They are trading results that are externally verified and not claims as made often by some of the forex marketeers.
Dec 05, 2016 at 12:40
Dove_Services posted:fcaldas posted:snapdragon1970 posted:
Hi Lucie,
I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.
Be lucky!
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
You can try Jarratt Davies professional training program. It is the same program that all his junior traders have to take. The best part of it is free.
JD has been ranked by Barclays Hedge as the 2nd top currency trader for 6 consecutive years by trading performance. They are trading results that are externally verified and not claims as made often by some of the forex marketeers.
Awesome, thanks for helping me out! I will look him up :-)
I wish there was a fully acredited 'Trading University' you could just join and become then a trader. A real undergrad program. Would totally do it :)
caldas@
Membre depuis Mar 31, 2015
posts 45
Dec 06, 2016 at 13:35
snapdragon1970 posted:fcaldas posted:You could look at Lex van dam,Anton kreil,Peter brown,Gary norden that's just a few I would think about looking at.
Where one gets professional trading that one can trust? I almost bought the LearnHowToTrade 3 days course for $5k but after investigating a bit more it seems like I was going to waste my money there.
I asked help at another forum and people almost threw rocks at me saying that I can learn everything by myself and for free.
I, in the other hand, do very much believe in the power of education, when delivered by real professionals. So... where can I learn?
Very good point of reference. Lex van Dam is quite famous and a great source for learning the trading specifics! Good luck in finding your role models and mentors!
Membre depuis Mar 31, 2015
posts 45
Dec 06, 2016 at 13:36
fcaldas posted:
I wish there was a fully acredited 'Trading University' you could just join and become then a trader. A real undergrad program. Would totally do it :)
Actually I think there are Universities that run different courses on finance and investment. This could help you get the good grip of the fundamentals. Check in your local area. I would also add that you can look for the global technical analysis associations and join their certificate programs. Such education is for sure unbiased 😄
Membre depuis Sep 12, 2015
posts 1948
Dec 06, 2016 at 13:50
There is a good course on Corporate Finance and Valuation ran by Aswath Damodaran its more related to stocks but will give you some valuable insight.
"They mistook leverage with genius".
