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How long on a demo account

Roberto21
Nov 18 2019 at 11:13
364 postów
before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually. 

Imamul
Nov 18 2019 at 11:31
577 postów
sometimes i prefer micro account for acquiring live knowledge and experience, because in demo traders lost interest after passing sometimes.

HertzTrader
Nov 18 2019 at 12:07
11 postów
Trade for as long as you think on a demo and then add 2 more months!

Gabriel99
Nov 19 2019 at 06:14
37 postów
rickyb posted:
never stop testing on demo;even when using real money..practice makes perfection.!!!!

Yep. Many experienced traders still use demo account to try out new methodologies and strategies.

kolute (kolute)
Nov 19 2019 at 12:10
8 postów
i personally think you should use demo for not more than 6 months. Demo can be used for evaluating how you trade your strategy before jumping into a real trading account but with small lots till you feel confident enough to increase tha account and lot size. Demo will not make you a good trader because emotions are not involved since real money is not used.

Never Stop learning. Ego is for losers.
Baazex (Baazex)
Nov 20 2019 at 07:01
45 postów
Basically demo account trading is not realistic enough as you are not using real money and you don't have any emotional connection with the money because its dummy and it dosent matter either you loose the amount but if you have some money in the liv account you have actual emotional connection you have a feel how market goes but still I would suggest to start with demo account because it will build your decision making power once you master in it you can go with real money and that will actually teach you how to handle the risk and your emotions of fear.

  

Revenue is vanity, profit is sanity, but cash is king
Draggyr
Nov 30 2019 at 13:50
19 postów
Demo is a tricjy thing. I think you should stay demo no more than 2 weeks. It's enough to learn trading and go to cent fx acc. If someone stays more, he risks to miss learning how to control emotions, as demo doesn't involve moral trial...

summer_552
Jul 09 2020 at 06:13
6 postów
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?

Everyone has a different speed of learning. I took 3 months to practice on demo account and starting trading with my own funds after that.

Johny_tr
Jul 09 2020 at 06:17
34 postów
Draggyr posted:
Demo is a tricjy thing. I think you should stay demo no more than 2 weeks. It's enough to learn trading and go to cent fx acc. If someone stays more, he risks to miss learning how to control emotions, as demo doesn't involve moral trial...

I agree that emotions cannot be tested while on a demo, but as far as my perspective is concerned, I think 2 weeks of demo trading might not be enough for most of the traders.

Duktilar
Jul 10 2020 at 06:38
101 postów
You need to focus on your morale.

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