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What happens when demo accounts expire ?
Členom od Jan 28, 2010
232 príspevkov
Mar 17, 2010 at 04:32
Hi,
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Členom od Jul 31, 2009
1418 príspevkov
Mar 17, 2010 at 08:08
Yes, data will remain intact until you choose to delete it.
Členom od Jan 28, 2010
232 príspevkov
Mar 17, 2010 at 08:13
Great !
Thx for the prompt response.
Have a blessed day.
Thx for the prompt response.
Have a blessed day.
Členom od Apr 18, 2017
659 príspevkov
Jul 13, 2017 at 12:41
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Členom od Feb 12, 2016
394 príspevkov
Jul 14, 2017 at 07:28
I agree. 90 days is really not enough. Sometimes you need more time for research, develop your strategy, made your mind, go on holiday ... etc Try another demo accounts - there are many many out there :)
Accept the loss as experience
Členom od Mar 28, 2021
586 príspevkov
Jun 06, 2021 at 10:58
Yes demo is important. We can't test a strategy on live account to know how the strategy works unless have enough money to loss. It's the demo where we should test any strategy first. If it gives good results in demo we can try on live.
Členom od Mar 17, 2021
494 príspevkov
Jun 07, 2021 at 05:59
AmDiab posted:
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Yes. It is right. 90 days is too short to understand trading and the market.
Členom od May 27, 2021
16 príspevkov
Jun 07, 2021 at 06:57
True, i have practiced for as long as 6 months on demo, and i assure you its worth all the time.
Členom od Nov 02, 2020
52 príspevkov
Jun 07, 2021 at 08:17
In most cases, many brokers provide a free demo account with unlimited possibilities.
Členom od Apr 01, 2020
227 príspevkov
Jun 08, 2021 at 00:11
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Členom od Oct 16, 2020
125 príspevkov
Jun 08, 2021 at 06:37
As far as I know, when a demo account expires, it cannot be retrieved. You need to create a new one.
Členom od May 27, 2021
63 príspevkov
Jun 08, 2021 at 06:51
Dictiony posted:
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Yeah right buddy!
Do you backtest your strategies on demo account even after starting with real trading?
Členom od Jul 19, 2020
742 príspevkov
Jun 22, 2021 at 17:23
Staff posted:
Yes, data will remain intact until you choose to delete it.
Yes, you are right. I also wanted to give you such advice.
Členom od Jun 15, 2021
15 príspevkov
Jun 23, 2021 at 06:08
No need to worry about expiration of demo account, learning are with you always. Open another demo account with any broker and apply strategies there!
Členom od Sep 12, 2017
232 príspevkov
Jun 23, 2021 at 07:43
when the demo expires i believe it cannot be recovered. one needs to create another account and then start trading. But may be some brokers it can be receoved and used again.
Členom od Jul 19, 2020
749 príspevkov
Jul 31, 2021 at 11:45
You better find a broker that gives demo trading opportunity for long term. To test a trategy one needs at least few months of demo testing.
Členom od Apr 17, 2021
11 príspevkov
Aug 25, 2021 at 19:44
I don't personally think that traders have to trade on demo account until it's expired, because they just waste their time. You have to trade on demo like on a real account in order to understand the mechanics of trading activity. You shouldn't open a deal with 5000 points for example, because you perhaps can't afford such amount of money per deal on a real account. So, if your demo is expired then you can find another broker which can offer you more points on a demo account. Nevertheless, you should understand that you shouldn't stay too long on demo because it can literally ingulf you and you won't be able to trade on a real one.
Členom od Jul 19, 2020
742 príspevkov
Aug 26, 2021 at 01:44
The new trader should use the demo platform but it should be unlimited. It is not possible to develop skills in 90 days.
Členom od Mar 16, 2021
447 príspevkov
Aug 26, 2021 at 02:08
Skills should be developed by trading on demo platforms with unlimited time. It is possible to control emotions.
Členom od Aug 26, 2021
9 príspevkov
Aug 26, 2021 at 10:23
It is frustrating that many broker limit demo accounts to 14 days now. That is too short to learn anything
