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How long on a demo account

LyudmilLukanov
Feb 26 2021 at 04:55
793 комментариев
Demo is the best option to learn trading. New trader should spend at least 4months in demo trading.

Sar John (Sarjohn)
Mar 06 2021 at 08:08
187 комментариев
Fx_howie posted:
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.

Good to know that.

Sar John (Sarjohn)
Mar 08 2021 at 10:57
187 комментариев
Sarjohn posted:
Fx_howie posted:
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.

Good to know that.

Also, how long you have started live trading?

Mohammadi
Mar 10 2021 at 07:55
886 комментариев
I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.

Adribaasmet
Mar 10 2021 at 09:40
994 комментариев
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.

davegordon
Mar 10 2021 at 09:56
23 комментариев
LyudmilLukanov posted:
Demo is the best option to learn trading. New trader should spend at least 4months in demo trading.

Four is so long!

Starcliff
Mar 10 2021 at 11:45
55 комментариев
Everyone should understand how long he should lead on a demo account.

Carlos122
Mar 10 2021 at 14:36
35 комментариев
I advice beginners to start live forex when you feel really confident about your trading strategy and if you have made consistent profit in a demo account.

Aurisida
Mar 14 2021 at 10:40
46 комментариев
If trading on a demo account shows good results and a good work of a trading strategy, then it's time to switch to a real account.

KnowFinance
Mar 15 2021 at 12:12
85 комментариев
One should practice on demo accounts until they get familiar with the market as well as of the platform and gain confidence enough to make live trades.

DanialWales
Mar 15 2021 at 19:47
17 комментариев
Demo account is the best way to learn forex properly and perfectly.

Tremblay
Jul 04 2021 at 19:16
330 комментариев
DanialWales posted:
Demo account is the best way to learn forex properly and perfectly.

Yes. You are right.

SofieAndreasen
Aug 07 2021 at 16:34
759 комментариев
I say at least try the demo account for 4 months.

Vaobell
Nov 16 2021 at 08:59
10 комментариев
It depends strictly on your, your abilities and your character, because some traders prefer to stay on demo for too long but it's not recommended by professional traders to do it. Everything because you will get used to trading without losses, and it will be very difficult to setup your mood for a real trading.
Our organism likes those things which aren't required enough resources and energy actually. Anyway, as soon as you understand that you are ready for starting real trading, you can move from demo account and start trading with real money. I guess, it's enough for you to see the positive dynamics of your trading on demo, for example, if you see that you start making profits and your strategy works, you can try to move on real account.

miguelcaron
Nov 18 2021 at 05:18
70 комментариев
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.


SteveHanks
Nov 18 2021 at 07:21
536 комментариев
miguelcaron posted:
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.


Traders should practice on a demo account till they get confidence to trade in the real market.

pipham
Nov 29 2021 at 04:24
53 комментариев
The time frame will vary from one trader to another. It will depend on the particular trader how fast they can sharpen their skills on a demo account. It is good to practice various trading strategies and conditions on different platforms using a demo account. Once the trader gathers enough confidence, sets up the right mental frame, and starts making virtual profits frequently, it is time to enter the real market. It may take weeks or months to achieve that level.

no_frame
Nov 29 2021 at 11:23
61 комментариев
SteveHanks posted:
miguelcaron posted:
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.


Traders should practice on a demo account till they get confidence to trade in the real market.

I agree with this, one should practice on demo accounts until they feel that they are ready to trade in the live market.

croisssan
Nov 29 2021 at 17:59
939 комментариев
I believe that you need to work on a demo account until the trader himself realizes that he is ready to work with real money.

Daxton
Nov 30 2021 at 08:17
42 комментариев
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.

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