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How long on a demo account
Feb 22, 2011 zamanından beri üye
4862 iletiler
Jan 24, 2019 at 14:40
Feb 22, 2011 zamanından beri üye
4862 iletiler
johngerwin posted:togr posted:chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
General advice is
average trader should stay on demo FOREVER in order not to lose real money.
As vast majority of traders are losers.
lol I haven't heard that do agree in that there is no point trading live until you are consistently profitable on demo
That is so true. Simple advice worth much more than $2,000 forex course.
Stay on demo until you are profitable and consistent for at least 3 months.
Dec 28, 2013 zamanından beri üye
171 iletiler
Jan 25, 2019 at 05:34
Dec 28, 2013 zamanından beri üye
171 iletiler
There is at least one broker, which allows trading even with a smaller lot size than 0.01 lots (1 microlot). Maybe that could be a solution? If you can keep trade sizes very small you can regard it as a hobby until you become profitable. Be resilient and limit your losses. If you can't keep yourself in check probably then it is better to stay in demo. Or not trade at all.
Feb 22, 2011 zamanından beri üye
4862 iletiler
Jan 25, 2019 at 07:28
Feb 22, 2011 zamanından beri üye
4862 iletiler
niceGLer posted:
There is at least one broker, which allows trading even with a smaller lot size than 0.01 lots (1 microlot). Maybe that could be a solution? If you can keep trade sizes very small you can regard it as a hobby until you become profitable. Be resilient and limit your losses. If you can't keep yourself in check probably then it is better to stay in demo. Or not trade at all.
Yes that should be step after demo
Small account at oanda or some cent broker.
Jan 21, 2019 zamanından beri üye
16 iletiler
Jan 25, 2019 at 09:42
Jan 21, 2019 zamanından beri üye
16 iletiler
togr posted:johngerwin posted:togr posted:chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
General advice is
average trader should stay on demo FOREVER in order not to lose real money.
As vast majority of traders are losers.
lol I haven't heard that do agree in that there is no point trading live until you are consistently profitable on demo
That is so true. Simple advice worth much more than $2,000 forex course.
Stay on demo until you are profitable and consistent for at least 3 months.
Don't even get me started on forex courses............
Feb 22, 2011 zamanından beri üye
4862 iletiler
Jan 25, 2019 at 12:01
Feb 22, 2011 zamanından beri üye
4862 iletiler
johngerwin posted:togr posted:johngerwin posted:togr posted:chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
General advice is
average trader should stay on demo FOREVER in order not to lose real money.
As vast majority of traders are losers.
lol I haven't heard that do agree in that there is no point trading live until you are consistently profitable on demo
That is so true. Simple advice worth much more than $2,000 forex course.
Stay on demo until you are profitable and consistent for at least 3 months.
Don't even get me started on forex courses............
A lot of newbiews waste money with them
Jan 25, 2019 zamanından beri üye
11 iletiler
Jan 27, 2019 at 08:03
Jan 25, 2019 zamanından beri üye
11 iletiler
0.01Lot is small enough. If you go smaller than that then you might as just use a demo. The point of a micro account is to give you the feel of really having money at risk (even if it is small). If you has 0.001 Lot then that is so small that no one would care and it would be same as demo
Jan 03, 2018 zamanından beri üye
162 iletiler
Jan 27, 2019 at 08:18
Jan 03, 2018 zamanından beri üye
162 iletiler
if your're not willing to loose a big bunch of $$ (cause that's what it takes in order to have a chance to belong to the 5% successfull traders) stay on demo,one thing is sure you gonna loose big time
nick123427@
Jan 21, 2019 zamanından beri üye
16 iletiler
Jan 27, 2019 at 12:46
Jan 21, 2019 zamanından beri üye
16 iletiler
togr posted:johngerwin posted:togr posted:johngerwin posted:togr posted:chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
General advice is
average trader should stay on demo FOREVER in order not to lose real money.
As vast majority of traders are losers.
lol I haven't heard that do agree in that there is no point trading live until you are consistently profitable on demo
That is so true. Simple advice worth much more than $2,000 forex course.
Stay on demo until you are profitable and consistent for at least 3 months.
Don't even get me started on forex courses............
A lot of newbiews waste money with them
I am starting to read that(new to forums)
Jan 07, 2019 zamanından beri üye
12 iletiler
Feb 04, 2019 at 12:37
Jan 07, 2019 zamanından beri üye
12 iletiler
Don't wait too long. It is good to have a long time on demo but if you are scared about live then you really need a micro account to get over the fear
Jan 05, 2016 zamanından beri üye
1189 iletiler
Feb 04, 2019 at 22:52
Jan 05, 2016 zamanından beri üye
1189 iletiler
CheCheChe posted:
Don't wait too long. It is good to have a long time on demo but if you are scared about live then you really need a micro account to get over the fear
Pushing a new trader to trade a live account just to get over the fear of trading a live account, is honestly just horrible advice.
A new trader should stay on demo until they are comfortable with their trading skills.
There is no need to rush into a live account.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Sep 06, 2018 zamanından beri üye
1 iletiler
Feb 05, 2019 at 06:58
Sep 06, 2018 zamanından beri üye
1 iletiler
Once you have a good feel on operating the platform and at least have a good system which you've verified yourself by demo, then you can start opening a small account. The fastest would be around 1 month.
Think Independently.
Feb 07, 2019 zamanından beri üye
34 iletiler
Feb 07, 2019 at 13:48
Feb 07, 2019 zamanından beri üye
34 iletiler
Just joined. How long do people recommend I should stay on a demo account for?
Sep 12, 2018 zamanından beri üye
22 iletiler
Feb 10, 2019 at 07:55
Sep 12, 2018 zamanından beri üye
22 iletiler
BaldoN posted:
Till the time you find a really working strategy and stable profit, which could be continued on live :)
I think demo account for life long. Bcz sometime needed check your system n build a fine tune system etc. At first need at least 1-1.5 year need practice with all system and build a reliable strategy what you can understand easy way. Before trade Forex need some experience, By demo trade you can get it.
Day by day having better, better and better...
Feb 07, 2019 zamanından beri üye
34 iletiler
Feb 10, 2019 at 09:43
Feb 07, 2019 zamanından beri üye
34 iletiler
Looks like I have some demo to do then...……...
Sep 12, 2018 zamanından beri üye
22 iletiler
Feb 11, 2019 at 06:45
Sep 12, 2018 zamanından beri üye
22 iletiler
i m doing demo for 2 yrs...now i think achieve some PA
Day by day having better, better and better...
Feb 08, 2019 zamanından beri üye
57 iletiler
Feb 11, 2019 at 06:48
Feb 08, 2019 zamanından beri üye
57 iletiler
I understand the argument for longer periods of demo, but personally a small live account was the best practice for me.
I used a demo for a very brief amount of time, but it was not until I started a small live account that I felt I made any real progress.
Not only in my trading strategy which comes with time and practice but the biggest benefits of trading real money is learning how to manage your emotions when trading and developing the correct mindset.
I used a demo for a very brief amount of time, but it was not until I started a small live account that I felt I made any real progress.
Not only in my trading strategy which comes with time and practice but the biggest benefits of trading real money is learning how to manage your emotions when trading and developing the correct mindset.
Feb 07, 2019 zamanından beri üye
34 iletiler
Feb 11, 2019 at 12:44
Feb 07, 2019 zamanından beri üye
34 iletiler
expkhaled posted:
i m doing demo for 2 yrs...now i think achieve some PA
Have you been consistently profitable?
Sep 12, 2015 zamanından beri üye
1948 iletiler
Feb 11, 2019 at 12:57
Sep 12, 2015 zamanından beri üye
1948 iletiler
Get professional education ,3 months on demo ,micro account then add to it as you progress.
"They mistook leverage with genius".
Feb 22, 2011 zamanından beri üye
4862 iletiler
Feb 11, 2019 at 12:57
Feb 22, 2011 zamanından beri üye
4862 iletiler
snapdragon1970 posted:
Get professional education ,3 months on demo ,micro account then add to it as you progress.
That is about right
Sep 12, 2016 zamanından beri üye
1 iletiler
Feb 12, 2019 at 07:10
Sep 12, 2016 zamanından beri üye
1 iletiler
I traded demo for 6 months when I first started. Went through a bunch of trading courses, gurus, potions and failures. A small account helped me to really find my style, risk tolerance and trader mindset. Trading is 90% mental. The button pushing part is pretty easy. Take your time and find a good teacher. M3RD.net
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