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How long on a demo account

Apr 21, 2018 at 12:17
Przeglądane 7,617
213 Replies
Uczestnik z Sep 23, 2020   42 postów
Nov 30, 2021 at 08:17
That depends on your ability to make a profitable return, as far as i can remember it took me 8 months to switch from demo to live. One of my colleagues took almost a year to switch to live. So, I will say that keep on practicing until you think you are confidently ready to go live.
Uczestnik z Oct 17, 2018   103 postów
Nov 30, 2021 at 17:00
I think you shouldn't set a limit on how long you use a demo account. It should be based on your confidence and the consistency in your trading. It took me at least 6 months and even now if I have a run of bad trades I will head back to a demo to regain my confidence.
Uczestnik z Oct 05, 2021   10 postów
Dec 01, 2021 at 12:26
I think everyone needs a different amount of time based on their strategy, how much they studied, and how emotional they are.
I would say after 6-8 weeks I'd start to dabble with a live account to start to get your emotions attuned to the fact it's now real money.
And just use 0.01 lots.
Uczestnik z Sep 12, 2018   22 postów
Dec 08, 2021 at 05:47
At first trading need to know about how to design a system what is need for execute in market so need demo. Then how much time to take its up to you. If you sufficient courage to do trade then try to small amount of real for sometimes for test yourself is it realy taking risk or not.
Day by day having better, better and better...
Uczestnik z Jan 21, 2022   57 postów
Dec 16, 2022 at 07:34
Tr_Sheenu014 posted:
I recently began trading on a demo account because I am new to trading. To the best of my knowledge, I believe a trader should first practice on a demo account before moving on to a live account. In essence, there is no specific fixed time, in my opinion.
Well, that is a valid opinion. Every trader has their own learning pace so they should take the required amount of time they need to practise on a demo account. Indeed, there is no end to learning in the forex market.
Uczestnik z Mar 24, 2022   56 postów
Dec 22, 2022 at 12:26
davesper posted:
I would not set a clear time frame for working on a demo account, because I think that this is not entirely correct. At least, I think it is right to work with a demo account until the moment of complete self-confidence.
That’s what they all should consider. Many beginners want to rush the process while forgetting that it is this practice on a demo account that will make them successful.
Uczestnik z Aug 05, 2021   401 postów
Dec 26, 2022 at 15:35
I don't think 3 weeks is nearly long enough, but everyone is different since some learn more quickly. I was on demo for about 6 months.
Uczestnik z Nov 29, 2022   40 postów
Dec 28, 2022 at 06:28
It is generally recommended for traders to spend a sufficient amount of time practising on a demo account before transitioning to live trading.

This can help traders get a feel for the market and build confidence in their abilities. But what may work for you may not work for me.

Some traders may choose to use a demo account for a few weeks or months, while others may use it for longer periods of time.

Ultimately, the length of time a trader spends on a demo account will depend on their individual goals, needs, learning approach, etc.
Uczestnik z Dec 25, 2022   1 postów
Dec 28, 2022 at 09:30
same for me.
Uczestnik z Mar 11, 2022   51 postów
Dec 29, 2022 at 11:39
lauraJohnson posted:
It depends from person to person and their skill. How much time it took them to grasp all the knowledge and technicalities.
That’s true everyone learns at their own pace. Since experience is gained every day in forex trading, learning never stops there. Instead, it continues as we trade, building on our knowledge and experience just as we did as children. As long as the traders can recognise market emotion and choose when to follow the market and when not to, they will undoubtedly benefit.
Uczestnik z Oct 01, 2022   53 postów
Jan 02 at 13:35
for the beginners level i think 3 months is really good to continue demo trading .
Uczestnik z Sep 02, 2022   75 postów
Jan 04 at 10:01
Women don’t prefer a job outside as majority of them serve as a homemaker too. So, they are very much fond of forex trading because they can earn money through forex trading sitting at home.
Uczestnik z Oct 01, 2022   53 postów
Jan 05 at 10:24
yes , agree with you no doubt.
Uczestnik z Jan 04, 2023   10 postów
Jan 05 at 11:22
I Demo traded for a year in 2005. Even as a professional account manager, i still connect my Live trades to Demo account and use it to tweak daily, As i can not connect my live accounts managed in public, not only due to the size, But i like just being on lowkey.
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