How long on a demo account

I think we need learn too long for demo account because forex very dificult

I agree with you

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.

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.

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.

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

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.

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.

i used demo account for approx. 3months.

As long as you can Keep it alive and profitable in general for a year at least.
The. Welcome to the real account.

Hello, I live in the United States. It seems as though we have few Forex brokers here and it also seems that most overseas brokers won't serve U.S. citizens. I would need a broker that will allow me to have a demo account without a time limit and that that demo account would allow full use of the MT4 trading platform. The first broker I had would only allow 1 month and the demo account did not seem to have the full use of the trading platform. Can anyone recommend a could broker for a novice trader like myself?

You can work on demos for about 3 to 4 months before opening a live account. You can also practice for less than that depending on your learning ability.

Demo is the best option to learn trading. New trader should spend at least 4months in demo trading.

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.

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?

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.

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.

Everyone should understand how long he should lead on a demo account.

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.