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How long on a demo account
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Malajind

Członek od Aug 07, 2020  29 postów Malajind Sep 12 at 05:30
It seems to me that 3 months is an approximate period, and you will need to be guided by how you feel during trading and how ready you are for real

FXPips11

Członek od Jun 19, 2011  5 postów FXPips11 Sep 12 at 16:56
double demo account 5 times, with hand writen reasoning for each trade, outcome, daily journal

pegima

Członek od Sep 13, 2020  22 postów Pegima (pegima) Sep 13 at 08:49
I have traded in a demo for about 2 months then moved to live account but whenever I want to test something new, I will test that in a demo account before trying that in a live account. My suggestion for any newbie is to trade in a demo account until you start to make a decent profit, then move to a smaller live account. Then you can gradually increase the lot size based on your level of success.

Never Ever Give Up
shaunmarsh

Członek od Oct 05, 2020  32 postów shaunmarsh Oct 07 at 08:24
A demo account will build your decision making power once you master in it you can go with real money and that will teach you how to handle the risk and your emotions of fear.

marktaylor

Członek od Oct 05, 2020  11 postów marktaylor Oct 07 at 08:25
Make sure to not spend way too much time on demo account, as it can lead to bad trading practices. Try not to exceed using a demo account for more than 5 months.

Tygotaylor

Członek od Oct 22, 2019  33 postów Tygotaylor Oct 08 at 10:20
I think 2-3 months would do.

Shelby10

Członek od Jul 15, 2020  96 postów Shelby10 Oct 08 at 18:39
Demo account helps to increase your trading ability and get proper knowledge about many more things about trading.

Fxg54

Członek od Feb 27, 2020  131 postów Fxg54 Oct 08 at 19:55
pegima posted:
I have traded in a demo for about 2 months then moved to live account but whenever I want to test something new, I will test that in a demo account before trying that in a live account. My suggestion for any newbie is to trade in a demo account until you start to make a decent profit, then move to a smaller live account. Then you can gradually increase the lot size based on your level of success.


Of all said this is the best way to go.... :D

Amber_0302

Członek od Mar 16, 2020  54 postów Amber_0302 Oct 09 at 06:03
Demo account helps you to learn more about trading and one can develop the strategy for live while working on demo and It's totally depends on you that how much time you're going to spend on demo account. you can trade on demo account unless you think you're confident enough to go live.

blandpatsyy

Członek od Jul 17, 2020  25 postów blandpatsyy Oct 16 at 12:03
I think everything that has to be learned from a demo account can be done in max 3 months.

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