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How long on a demo account

mrnewtrader (yasernabavi)
Jul 26 2020 at 15:25
9 ieraksti
snapdragon1970 posted:
About a year ,then a small live account for further testing.
My advice is close the mess about account, focus on the one that matters
It's too soon to say how it will go ,need a longer time frame to evaluate


When I can recognize that I can enter real money and work with it?
I have traded form september in demo account and not about loss.
I am going to disappoint from trading but I love it really.
If you help me I will be tahnks.
I think the problem is with my system but i;m not sure

Trading Is My Point Of view
algooli
Jul 26 2020 at 17:29
5 ieraksti
I'm trading with my 22 EAs on my demo and live simultaneously. Starting on live with microlot and compare the EAs orders demo to live. So you can see which one is really working as predicted or is not acceptable and must be deleted. 😄

RedKabin (redkabin)
Jul 26 2020 at 23:48
5 ieraksti
NULL; you should only use a demo account to understand how trades are placed, edited, stop losses and profit stops are placed and to get an overall understanding of how your broker works, margin, required margin, cut off margin, equity vs balance etc.

demo doesnt give experience it gives false hope.
once youre accustomed to how everything broker wise works, and youre up to date on chart patterns, news etc then go live.

Warren Buffet is an over-rated swamp snake
cardigan
Jul 27 2020 at 06:29
102 ieraksti
I remember taking almost 9 months trading in demo account because I want to make sure if I was able to make a consistency profit before taking on the live account. I will say that it would be good if are able to make the consistency in less than a year. It is not bad if it is over, but you should be making the consistency and able to strategize in risk management.

mrnewtrader (yasernabavi)
Jul 27 2020 at 07:17
9 ieraksti
cardigan posted:
I remember taking almost 9 months trading in demo account because I want to make sure if I was able to make a consistency profit before taking on the live account. I will say that it would be good if are able to make the consistency in less than a year. It is not bad if it is over, but you should be making the consistency and able to strategize in risk management.


It's ok, but my question is how I can test my strategy?
Is there any thing to do it?

Trading Is My Point Of view
Beagelv
Jul 27 2020 at 15:27
81 ieraksti
You must learn how to profit from the market, and do it consistently.

Dictiony
Jul 28 2020 at 00:28
231 ieraksti
You must trade on demo account for atleast 6 months and learn how to make from the market and how to make new sterategies and plans to move good in real account.

ethan_65
Jul 29 2020 at 10:00
41 ieraksti
There is no specific time frame for the usage of a demo account. It completely depends upon the trader how long he wants to stay on a demo. I think a trader must not leave a demo account until he gets fully assured about trading.

Buzargas
Jul 29 2020 at 16:51
27 ieraksti
It often takes about 3-4 months to trade on a demo account. This period is enough to allow you to adapt, learn the strategies and types of trading that are suitable for you. But I believe that this period should be regulated by each trader individually. The main thing is that you feel confident in your decisions and get the right amount of experience for real trading.

mrnewtrader (yasernabavi)
Jul 29 2020 at 16:57
9 ieraksti
Thank you all for your answers.
But you know I don't have a comprehensive trading system and it makes me nervous about future.
I like to do it simple as I can but this system that I have does not work after 5 months.

Trading Is My Point Of view
Shelby10
Jul 29 2020 at 19:21
140 ieraksti
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.

mrnewtrader (yasernabavi)
Jul 30 2020 at 08:16
9 ieraksti
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
CirillaCosta
Aug 04 2020 at 09:15
34 ieraksti
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.

WINNINGS (NzeCapitalTrades)
Aug 04 2020 at 09:53
59 ieraksti
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.
LeviSievwright5
Aug 26 2020 at 02:47
298 ieraksti
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.

KenAdams
Aug 26 2020 at 07:50
40 ieraksti
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.

Mauk
Aug 26 2020 at 10:02
78 ieraksti
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.

Stonesong
Aug 27 2020 at 14:20
128 ieraksti
The most important thing is not to switch to a demo account, because then it is psychologically difficult to switch to a real account.

Malokelv (Malokelv)
Aug 30 2020 at 14:02
22 ieraksti
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.

Hillartrading
Sep 11 2020 at 11:11
29 ieraksti
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