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How long on a demo account

Mohd Syahiruddin bin Hamsin (SyahNarufx)
Oct 21 2018 at 07:07
3 ieraksti
chesterjohn posted:
How long did you spend on a demo account before going into real trading?

I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.

I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?



Demo you can run it your trading system without any loss of money, Actually most people seem misconception of being trader, Trader is not depend how good your make a money, but a REAL trader is he know how good he manage the risk.

For me, loss is our enemy and profit is our friend, so you must overcome the enemy when your test ur system. I usually use a Demo account for testing my trading system and I make a challenge to Try as best as I can to Margin Call the demo account.. Not by taking how much i get money from it. Believed me, when your system are being tested and difficult to get MC, profit will come like a Magic.

yellowman94
Oct 22 2018 at 11:16
41 ieraksti
demo account should be traded for 4-5 months only (according to me).

dianajs
Oct 22 2018 at 13:29
823 ieraksti
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).


Why do you think it should be that long?

yellowman94
Oct 23 2018 at 07:01
41 ieraksti
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).


Why do you think it should be that long?

i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.

dianajs
Oct 23 2018 at 11:21
823 ieraksti
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.

yellowman94
Oct 24 2018 at 14:29
41 ieraksti
dianajs posted:
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.

agreed.

Tiffany (TiffanyK)
Oct 25 2018 at 14:11
427 ieraksti
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )

Accept the loss as experience
kieran (snapdragon1970)
Oct 25 2018 at 14:16
1945 ieraksti
yellowman94 posted:
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).


Why do you think it should be that long?

i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.

I think he means years!according to me

"They mistook leverage with genius".
dianajs
Oct 27 2018 at 14:20
823 ieraksti
TiffanyK posted:
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )


I have been trading for almost a decade and I still occasionally use my demo account too. Any time I want to test a strategy or examine a trading instrument I haven't used before, or just to train myself I turn to that account.

yellowman94
Oct 28 2018 at 07:32
41 ieraksti
snapdragon1970 posted:
yellowman94 posted:
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).


Why do you think it should be that long?

i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.

I think he means years!according to me

i didn't get you. who means years?

Penrose2000
Oct 28 2018 at 07:42
10 ieraksti
You should continue to trade on a demo until you have 3 winning months in a row. Only then is it time to try a real account

dianajs
Oct 29 2018 at 11:52
823 ieraksti
I traded on a demo account even a little longer than that, but then again, every person is different.

Presyous (Presyous17)
Oct 31 2018 at 08:09
2 ieraksti
I traded in demo for almost a year. Then I opened a live account with 50 dollars in it. I traded 0.01 lot size until i was comfortable enough to trade higher. I still use my demo account for practicing new strategies.
When I lose a trade I go back to demo and practice for at least a day before I open a new trade in my live account.



Mohd Syahiruddin bin Hamsin (SyahNarufx)
Oct 31 2018 at 08:47
3 ieraksti
I give one tips to be a professional trader. Try to master and learn about Multi-timeframe... believe me, you will become profitable trader soon. Multi-timeframe is so mandatory and so Importat. Trader must know it. Learn candlestick behaviour and observed their reaction every timeframe and one more tips: Focus sell GJ until 140.3xx. Tq

Sevinj
Oct 31 2018 at 11:58
8 ieraksti
What do you mean by multi-time frame? Is that when you get direction from daily but trade on 4 hourly etc?

dianajs
Oct 31 2018 at 13:23
823 ieraksti
I assume he means that a trader should know how to trade on different time frames, not just on one or two of them?

GreenTrades
Oct 31 2018 at 13:49
11 ieraksti
To analyze multi-time frame, you got to decide the order (buy/sell) after you analyse on not one time frame, but multi-time frames [15M, 1HR, 4HR, 1D etc]. doing this helps confirm the trend against the deceptive 5M timeframe.

Use longer one for general direction, use smaller one for entry point.

Mohammadi
Nov 19 2018 at 12:54
886 ieraksti
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.

kieran (snapdragon1970)
Nov 19 2018 at 13:09
1945 ieraksti
Best to get a professional education before any live trading its well worth it.

"They mistook leverage with genius".
Farhan1
Nov 21 2018 at 12:15
10 ieraksti
How does a retail trader get a professional education!!! Only banks offer that kind of training and that is not available for the normal folks

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