How long on a demo account

Apr 21, 2018 at 12:17
Przeglądane 8,942
198 Replies
Uczestnik z Oct 09, 2018   41 postów
Oct 22, 2018 at 11:16
demo account should be traded for 4-5 months only (according to me).
Uczestnik z Dec 09, 2015   823 postów
Oct 22, 2018 at 13:29
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).

Why do you think it should be that long?
Uczestnik z Oct 09, 2018   41 postów
Oct 23, 2018 at 07:01
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).

Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
Uczestnik z Dec 09, 2015   823 postów
Oct 23, 2018 at 11:21
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.
Uczestnik z Oct 09, 2018   41 postów
Oct 24, 2018 at 14:29
dianajs posted:
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.
agreed.
Uczestnik z Feb 12, 2016   427 postów
Oct 25, 2018 at 14:11
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )
Accept the loss as experience
Uczestnik z Sep 12, 2015   1948 postów
Oct 25, 2018 at 14:16
yellowman94 posted:
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).

Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
I think he means years!according to me
"They mistook leverage with genius".
Uczestnik z Dec 09, 2015   823 postów
Oct 27, 2018 at 14:20
TiffanyK posted:
Its different for the different types of trades. I believe there is no a unified period that should apply for all. To be honest I still keep my demo and test there my new EA on some new symbols that the broker is releasing – like the new cryptos ( I still can’t fully understand them ☹ )

I have been trading for almost a decade and I still occasionally use my demo account too. Any time I want to test a strategy or examine a trading instrument I haven't used before, or just to train myself I turn to that account.
Uczestnik z Oct 09, 2018   41 postów
Oct 28, 2018 at 07:32
snapdragon1970 posted:
yellowman94 posted:
dianajs posted:
yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).

Why do you think it should be that long?
i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.
I think he means years!according to me
i didn't get you. who means years?
Uczestnik z Oct 26, 2018   10 postów
Oct 28, 2018 at 07:42
You should continue to trade on a demo until you have 3 winning months in a row. Only then is it time to try a real account
Uczestnik z Dec 09, 2015   823 postów
Oct 29, 2018 at 11:52
I traded on a demo account even a little longer than that, but then again, every person is different.
Uczestnik z Oct 22, 2018   2 postów
Oct 31, 2018 at 08:09
I traded in demo for almost a year. Then I opened a live account with 50 dollars in it. I traded 0.01 lot size until i was comfortable enough to trade higher. I still use my demo account for practicing new strategies.
When I lose a trade I go back to demo and practice for at least a day before I open a new trade in my live account.


Uczestnik z Dec 05, 2016   3 postów
Oct 31, 2018 at 08:47
I give one tips to be a professional trader. Try to master and learn about Multi-timeframe... believe me, you will become profitable trader soon. Multi-timeframe is so mandatory and so Importat. Trader must know it. Learn candlestick behaviour and observed their reaction every timeframe and one more tips: Focus sell GJ until 140.3xx. Tq
SyahiruddinTLDM@
Uczestnik z Oct 16, 2018   8 postów
Oct 31, 2018 at 11:58
What do you mean by multi-time frame? Is that when you get direction from daily but trade on 4 hourly etc?
Uczestnik z Dec 09, 2015   823 postów
Oct 31, 2018 at 13:23
I assume he means that a trader should know how to trade on different time frames, not just on one or two of them?
Uczestnik z Aug 16, 2018   11 postów
Oct 31, 2018 at 13:49
To analyze multi-time frame, you got to decide the order (buy/sell) after you analyse on not one time frame, but multi-time frames [15M, 1HR, 4HR, 1D etc]. doing this helps confirm the trend against the deceptive 5M timeframe.

Use longer one for general direction, use smaller one for entry point.
Uczestnik z Aug 11, 2017   886 postów
Nov 19, 2018 at 12:54
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Uczestnik z Sep 12, 2015   1948 postów
Nov 19, 2018 at 13:09
Best to get a professional education before any live trading its well worth it.
"They mistook leverage with genius".
Uczestnik z Oct 31, 2018   10 postów
Nov 21, 2018 at 12:15
How does a retail trader get a professional education!!! Only banks offer that kind of training and that is not available for the normal folks
Uczestnik z Sep 12, 2015   1948 postów
Nov 21, 2018 at 18:23
Farhan1 posted:
How does a retail trader get a professional education!!! Only banks offer that kind of training and that is not available for the normal folks
A bank trader and a retail trader trade completely different ,knowing what way they trade puts you in a better place , there is professional training available from professionals just check their background.
"They mistook leverage with genius".
You must be connected to Myfxbook in order to leave a comment
*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.