How long do I have to trade with demo account?

dianajs

Private, 1st Class
Messages
778
I've been using demo for about 6 months when I started, but sincerely, I think I needed more time. I think a year is okay because, truth be told, you can't learn all for that short amount of time. You need time to develop strategy and study charts a bit and then you are ready to go. So it is actually all on you-everyone needs different amount of time.
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.
 

henyo

Master Sergeant
Messages
436
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.
 

EURUSD

Sergeant Major
Messages
1,133
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.
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
 

EuroTrader

Sergeant Major
Messages
1,039
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
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 :)
 

celeryleaf

Corporal
Messages
91
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
 

mlawson71

Corporal
Messages
188
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
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.
 

EURUSD

Sergeant Major
Messages
1,133
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.
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.
 

celeryleaf

Corporal
Messages
91
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.
True. Maybe its psychology or maybe not but real is so so so different...
 

mlawson71

Corporal
Messages
188
True. Maybe its psychology or maybe not but real is so so so different...
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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