You have to use the demo account till you make perfect for the live trading. When you realize that you can make money from this market, you can move to real account form demo account.
Jul 30 2020 at 08:16
Shelby10 posted:
You have to use the demo account till you make perfect for the live trading. When you realize that you can make money from this market, you can move to real account form demo account.
I know it by my problem is with my sysytem. I don't know how to choose a prfoitable Startegy.
Trading Is My Point Of view
Aug 04 2020 at 09:15
You should use the demo account till you learn all the basics of forex perfectly. You have to be experienced enough to make profitable strategies and minimize your risks with your experiences. After having all these qualities you can quit demo account and move to the real account for earning money.
Aug 04 2020 at 09:53
Even as a professional trader, I still use Demo till date, only the difference is that trades to my demo are now copied from Live accounts, I don't like displaying live accounts, I best trade it privately.
NO EMOTION DURING TRADING.
Aug 26 2020 at 02:47
Demo trading is mandatory for new traders. Because if you want to make a profit, you have to do demo trading. If you don't do demo trading, you have to go through a lot of trouble to know about the basics. Demo trading should be done as long as you are not making a profit in demo trading. But I think you need to do 5-6 months of demo trading and between demo trading, you have to learn from different websites online.
I think demo account really gives a push to new traders. But how long that one should decide. It may be one month or 3 months etc.
I traded for several months on a demo account of the Amarkets broker in order to study the platform in more detail and test my skills.
The most important thing is not to switch to a demo account, because then it is psychologically difficult to switch to a real account.
It seems to me that you should continue to trade on a demo account and gain skills and experience. Three weeks is not a long period for a demo account. I recommend trading on a demo account for more than three months until you get rid of ridiculous mistakes and are more confident in your trading. Then you can open a small account and trade with small investments. By trading in a real micro account, you will learn to control your emotions and be calmer in trading.
Sep 11 2020 at 11:11
3 months approx.
