How long do I have to trade with demo account?

ViPaTel

Private, 1st Class
Messages
63
Demo accounts are good not only for testing strategies, I also test EAs on demos to make sure they really work before risking with real money
 

Charlieboy885

Recruit
Messages
93
I worked on my demo account for around 6 months before going onto a live account. I think it's about working until you have consistent gains. I still revert back to my demo account to test strategies. More recently I have been working with EAs on demo accounts. They need thorough testing before risking any real money.
 

Keithstyles1

Private
Messages
143
I've traded with demo account around 1 month and half now. I do my business full time, currently my income is from affiliate marketing, but I want additional income from forex as well. Since I do my business full time, I have lots of time staring at MT4 chart, opening trades and gain experience. I won some and lose some. I'm not sure whether I'm ready or not to trade with live account, especially with big capital. Can anyone give me the idea? How long do I have to trade with demo account? 4 months? 6 months? To those who's going to post in this thread, how long had you been trading with demo acc? Care to share your experience?
Until you have the knowledge and you feel ready
 

Sirajuddin

Private, 1st Class
Messages
53
Trading Demo really differs from trading Live. I recommend to trade Demo to familiarize with basic rules and to understand the market movements, especially when it comes to high impact news. Oh, and to try to open all possible orders. Then you can try Cent account and then Standard or others. Better to start step by step and to compare trading conditions between brokers.
 

V_Minh_T

Corporal
Messages
75
Another thing is that brokers can manipulate the charts on demo accounts and it can result in big surprise or loss that after elaborating a good strategy on demo account, this vry same strategy will be totally useless on live trading. I suggest it is worth checking the quotations on demo and real accounts at the same time to make sure that there are no price manipulations
 

Donovan.CC

FP Markets Multi and Spammer
Messages
20
There is no exact answer to it. Some have even started live trading without any experience in demo trading, and some have taken six months to make a consistent profit using a demo account.

On the other hand, I mostly use it for testing strategies and working with EAs on demo accounts.
 

IgorThorne

Recruit
Messages
28
I've traded with demo account around 1 month and half now. I do my business full time, currently my income is from affiliate marketing, but I want additional income from forex as well. Since I do my business full time, I have lots of time staring at MT4 chart, opening trades and gain experience. I won some and lose some. I'm not sure whether I'm ready or not to trade with live account, especially with big capital. Can anyone give me the idea? How long do I have to trade with demo account? 4 months? 6 months? To those who's going to post in this thread, how long had you been trading with demo acc? Care to share your experience?
When you think you are ready for a live account
 

Eryk Martin

Recruit
Messages
177
There is no exact answer to it. Some have even started live trading without any experience in demo trading, and some have taken six months to make a consistent profit using a demo account.

On the other hand, I mostly use it for testing strategies and working with EAs on demo accounts.
Yeah, for backtesting, the demo accounts are actually good.
 

sebking1986

Recruit
Messages
382
This is such a strange question as it is so subjective. The simple answer is until you are making profit on your demo over a decent time period and feel comfortable executing your strategy.
 
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