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How long on a demo account

Apr 21, 2018 at 12:17
Przeglądane 6,703
213 Replies
Uczestnik z Oct 05, 2020   65 postów
Oct 07, 2020 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.
Uczestnik z Oct 05, 2020   21 postów
Oct 07, 2020 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.
Uczestnik z Oct 22, 2019   33 postów
Oct 08, 2020 at 10:20
I think 2-3 months would do.
Uczestnik z Feb 27, 2020   168 postów
Oct 08, 2020 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
Uczestnik z Mar 16, 2020   54 postów
Oct 09, 2020 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.
Uczestnik z Jul 17, 2020   42 postów
Oct 16, 2020 at 12:03
I think everything that has to be learned from a demo account can be done in max 3 months.
Uczestnik z May 24, 2020   112 postów
Oct 19, 2020 at 04:50
Well, in principle, this is a period that can bring certain results of knowledge, well, perhaps, for someone it will be less, for someone more, everything is already going on individually.
Uczestnik z Oct 08, 2020   25 postów
Nov 09, 2020 at 13:03
I practised on my demo account for around 5 good months till I got a hold of the strategies I wanted to use.
Uczestnik z Oct 12, 2020   29 postów
Nov 18, 2020 at 06:09
Using a demo for around 4 to 6 months will give you a good idea about how forex works. You can also use it for a limited time if you already have an idea.
Evelpist (Evelpist)
Uczestnik z Apr 09, 2020   26 postów
Nov 19, 2020 at 14:38
For a demo account, one week is enough to figure out what's what. Open a real account and start trading in the relay. Lots are minimal. But be prepared that you will merge your first bill. This will be your first lesson. If you do not stop there and continue, there will probably be another successful trader soon. Good luck.
A walking person is always faster than a standing person
moerwadi (moerwadi)
Uczestnik z Aug 03, 2012   293 postów
Nov 19, 2020 at 15:10
I think we need learn too long for demo account because forex very dificult
moerwadi (moerwadi)
Uczestnik z Aug 03, 2012   293 postów
Nov 20, 2020 at 13:53
I agree with you
Uczestnik z Aug 27, 2017   994 postów
Nov 24, 2020 at 10:30
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Uczestnik z Apr 25, 2020   119 postów
Nov 24, 2020 at 12:30
On a demo account, you can really learn well and acquire the necessary knowledge about the platform of the broker with whom you are going to cooperate.
Uczestnik z Jul 19, 2020   788 postów
Nov 25, 2020 at 04:27
You should not join live trading unless you can consistently make a profit in demo trading. If you earn a consistent profit in demo trading then you should open a cent account and trade there.
Uczestnik z Aug 17, 2020   123 postów
Dec 04, 2020 at 17:25
I agree with those who say you shouldn't stick to a time limit on demo trading but rather measure your progress based on performance, and move on when you are consistently profitable on a demo account
Uczestnik z Jul 06, 2020   28 postów
Dec 28, 2020 at 10:28
You can go upto 4 months on a demo account and if you think you need more practice, you can also go for about 6 months. It depends on how proficient you are with learning.
Sar John (Sarjohn)
Uczestnik z Dec 28, 2020   187 postów
Dec 29, 2020 at 03:40
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
Uczestnik z Dec 21, 2020   36 postów
Dec 31, 2020 at 07:46
Sarjohn posted:
I use demo account for more than 6 months to practice trade but even after opening live account I still use demo account for testing new strategies.
I also do the same.
Uczestnik z Jan 07, 2021   23 postów
Jan 08, 2021 at 06:20
i used demo account for approx. 3months.
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