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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. dianajs

    dianajs Private, 1st Class

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    If a person has doubts about their trading skills there's nothing stopping them from returning to demo account trading for a while. I've done it twice, and I think it was a good decision. And I still test all my new strategies on the demo, of course.
     
  2. henyo

    henyo Master Sergeant

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    yeah i have to agree, and to be honest, I still keep a demo account and trade on it from time to time, trying new stuff, just make sure that demo is more realistic in terms of capital and leverage for max experience.
     
  3. EURUSD

    EURUSD Sergeant Major

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    In demo account we will free to backtesting any system trading without any risk, but actually if first time trade in real account although we already have long time experience in demo account will different feel because handled real money will involved emotion usually
     
  4. EuroTrader

    EuroTrader Sergeant Major

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    There are many trading opportunities that are actually available to us and we have to make the best use of them. If we will be using the Demo trading accounts then learning will become fast and easy for us :)
     
  5. celeryleaf

    celeryleaf Corporal

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    If you are not sure you are probably not ready yet. If you fell strong then yes. Otherwise trade on demo until you get sick of it
     
  6. mlawson71

    mlawson71 Corporal

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    And then rest and trade some more. One should always remember, however, that the confidence gained trading on a demo account is not enough, because trading on a live account is very different.
     
  7. EURUSD

    EURUSD Sergeant Major

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    Yes right,if we want to built up better psychology hence real account is better than demo, and maybe if we already often use real account hence will lazy using demo account becuase no tension in trading.
     
  8. celeryleaf

    celeryleaf Corporal

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    True. Maybe its psychology or maybe not but real is so so so different...
     
  9. EuroTrader

    EuroTrader Sergeant Major

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    There are many traders who are not able to decide if the trades they are doing will give them any income and this is why they face problems :)
     
  10. mlawson71

    mlawson71 Corporal

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    I think it's definitely psychology. I mean, I am sure that demo accounts and real accounts sometimes have different speed of order execution and that can also affect your trading, but the added pressure of trading with real money is the biggest factor in my opinion.
     

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