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What happens when demo accounts expire ?
Uczestnik z Jan 28, 2010
232 postów
Mar 17, 2010 at 04:32
Hi,
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Uczestnik z Jul 31, 2009
1418 postów
Mar 17, 2010 at 08:08
Yes, data will remain intact until you choose to delete it.
Uczestnik z Jan 28, 2010
232 postów
Mar 17, 2010 at 08:13
Great !
Thx for the prompt response.
Have a blessed day.
Thx for the prompt response.
Have a blessed day.
Uczestnik z Apr 18, 2017
659 postów
Jul 13, 2017 at 12:41
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Uczestnik z Feb 12, 2016
394 postów
Jul 14, 2017 at 07:28
I agree. 90 days is really not enough. Sometimes you need more time for research, develop your strategy, made your mind, go on holiday ... etc Try another demo accounts - there are many many out there :)
Accept the loss as experience
Uczestnik z Mar 28, 2021
586 postów
Jun 06, 2021 at 10:58
Yes demo is important. We can't test a strategy on live account to know how the strategy works unless have enough money to loss. It's the demo where we should test any strategy first. If it gives good results in demo we can try on live.
Uczestnik z Mar 17, 2021
494 postów
Jun 07, 2021 at 05:59
AmDiab posted:
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Yes. It is right. 90 days is too short to understand trading and the market.
Uczestnik z Apr 01, 2020
227 postów
Jun 08, 2021 at 00:11
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Uczestnik z Oct 16, 2020
125 postów
Jun 08, 2021 at 06:37
As far as I know, when a demo account expires, it cannot be retrieved. You need to create a new one.
Uczestnik z May 27, 2021
63 postów
Jun 08, 2021 at 06:51
Dictiony posted:
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Yeah right buddy!
Do you backtest your strategies on demo account even after starting with real trading?
Uczestnik z Jul 19, 2020
742 postów
Jun 22, 2021 at 17:23
Staff posted:
Yes, data will remain intact until you choose to delete it.
Yes, you are right. I also wanted to give you such advice.
Uczestnik z Sep 12, 2017
232 postów
Jun 23, 2021 at 07:43
when the demo expires i believe it cannot be recovered. one needs to create another account and then start trading. But may be some brokers it can be receoved and used again.
Uczestnik z Jul 19, 2020
749 postów
Jul 31, 2021 at 11:45
You better find a broker that gives demo trading opportunity for long term. To test a trategy one needs at least few months of demo testing.
Aug 25, 2021 at 19:44
I don't personally think that traders have to trade on demo account until it's expired, because they just waste their time. You have to trade on demo like on a real account in order to understand the mechanics of trading activity. You shouldn't open a deal with 5000 points for example, because you perhaps can't afford such amount of money per deal on a real account. So, if your demo is expired then you can find another broker which can offer you more points on a demo account. Nevertheless, you should understand that you shouldn't stay too long on demo because it can literally ingulf you and you won't be able to trade on a real one.
Uczestnik z Jul 19, 2020
742 postów
Aug 26, 2021 at 01:44
The new trader should use the demo platform but it should be unlimited. It is not possible to develop skills in 90 days.
Uczestnik z Mar 16, 2021
447 postów
Aug 26, 2021 at 02:08
Skills should be developed by trading on demo platforms with unlimited time. It is possible to control emotions.
Uczestnik z Aug 26, 2021
9 postów
Aug 26, 2021 at 10:23
It is frustrating that many broker limit demo accounts to 14 days now. That is too short to learn anything
