How long on a demo account
Členom od Oct 09, 2018
41 príspevkov
Oct 22, 2018 at 11:16
demo account should be traded for 4-5 months only (according to me).
Členom od Dec 09, 2015
823 príspevkov
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?
Členom od Oct 09, 2018
41 príspevkov
Oct 23, 2018 at 07:01
dianajs posted:i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
Členom od Dec 09, 2015
823 príspevkov
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.
Členom od Oct 09, 2018
41 príspevkov
Oct 24, 2018 at 14:29
dianajs posted:agreed.
I agree. I also think that some people occasionally trade for longer than that. Different strokes for different people.
Členom od Feb 12, 2016
427 príspevkov
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
Členom od Sep 12, 2015
1948 príspevkov
Oct 25, 2018 at 14:16
yellowman94 posted:I think he means years!according to medianajs posted:i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
"They mistook leverage with genius".
Členom od Dec 09, 2015
823 príspevkov
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.
Členom od Oct 09, 2018
41 príspevkov
Oct 28, 2018 at 07:32
snapdragon1970 posted:i didn't get you. who means years?yellowman94 posted:I think he means years!according to medianajs posted:i am saying only for 4-5months. not more than that. if you are comfortable before that go for real account.yellowman94 posted:
demo account should be traded for 4-5 months only (according to me).
Why do you think it should be that long?
Členom od Oct 26, 2018
10 príspevkov
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
Členom od Dec 09, 2015
823 príspevkov
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.
Členom od Oct 22, 2018
2 príspevkov
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.
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.
Členom od Dec 05, 2016
3 príspevkov
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@
Členom od Oct 16, 2018
8 príspevkov
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?
Členom od Dec 09, 2015
823 príspevkov
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?
Členom od Aug 16, 2018
11 príspevkov
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.
Use longer one for general direction, use smaller one for entry point.
Členom od Aug 11, 2017
886 príspevkov
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.
Členom od Sep 12, 2015
1948 príspevkov
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".
Členom od Oct 31, 2018
10 príspevkov
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
Členom od Sep 12, 2015
1948 príspevkov
Nov 21, 2018 at 18:23
Farhan1 posted: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.
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
"They mistook leverage with genius".
