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How long do I have to trade with demo account?

Discussion in 'Beginners Bootcamp' started by Azlan00IM, Jul 3, 2015.

  1. EURUSD

    EURUSD Sergeant Major

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    Yes I think so, some trader which already have long time experience but they prefer use ea, also still need demo account to backtesting ea.
    If reading some opinion many trader fail less than six month it will good at least practice demo more than six month
     
  2. EuroTrader

    EuroTrader Sergeant Major

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    If we are doing our trades then we also know the fact that in our trading many times we will get losses so it is best to do some trading practice with the Demo accounts :)
     
  3. hitfx

    hitfx Corporal

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    There is no fix time of practice in demo account it depends on us how much time we take to improve our trading plans and strategies to control the loss factors and improve profit margin.
     
  4. EuroTrader

    EuroTrader Sergeant Major

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    We should try to do our trading and earn money by practicing in the Demo trading accounts. If we will make our efforts then we will see some success easily :)
     
  5. downtrend

    downtrend Sergeant

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    A trader has to know himself is he ready for real account or not. If he is confidence after some practice in demo account, he can go to live anytime he wants.
     
  6. EURUSD

    EURUSD Sergeant Major

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    Yes as trader of course they have own choice will trade on real account after getting good confidence practice in demo account, but they also need understand if might will different result after trade on real account, sometime emotion has high role in real account
     
  7. EuroTrader

    EuroTrader Sergeant Major

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    If we are doing our trades in the Real trading accounts then it usually means that we are having the required trading skills with us and the results that we will get will only depend on our inherent trading skills :D
     
  8. kingsman

    kingsman Corporal

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    Until you become the confident trader, I would like to suggest you that you should practice on demo account at least 2 or 3 months and then should start the real trading, you should apply all the strategies on demo account and then you will be able to get success in real trading.
     
  9. downtrend

    downtrend Sergeant

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    You have to trade in a demo account for at least a year. Through this one years of time you will trade on all sort of news and other events so you can get trained very well in this time.
     
  10. dianajs

    dianajs Private, 1st Class

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    Personally, I would recommend for a newbie not to trade news, at least not for a while. It's better to sit back and observe how the market reacts to them, and of course, to study fundamental analysis if they do want to start trading them at some point. Only after that it's a good idea to start training oneself on a demo account to trade them.
     

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