1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

how long to stay on demo

Discussion in 'Beginners Bootcamp' started by Carollynne, Apr 18, 2012.

  1. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    718
    Likes Received:
    37
    Yes it is a big and helpful idea for beginners. They can easily learn trading on demo accounts. As much they will stay on demo they will know automatically what they need to learn . The other advantage of demo is that it is free they need not to invest money in it , it is totally free trading which enables them to know the tips which they will came to know after loosing their actual money if directly do live trading.
     
  2. JamesForexSlayer

    JamesForexSlayer Sergeant

    Joined:
    Jul 4, 2019
    Messages:
    185
    Likes Received:
    202
    Stay on demo until you are consistently profitable.
    Then trade on 0.01 until you are happy with the mental side.
     
    walpants and momo3HC like this.
  3. JamesForexSlayer

    JamesForexSlayer Sergeant

    Joined:
    Jul 4, 2019
    Messages:
    185
    Likes Received:
    202
    Same answer as I just put in another thread.

    Stay on demo until you are consistently profitable.
    Then trade on 0.01 until you are happy with the mental side.
     
    walpants and momo3HC like this.
  4. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    837
    Likes Received:
    60
    Unfortunately demo results can be misleading. When I was trading on demo with Hotforex my results were great, very high winning ratio but when I switched to trading on live, many issues surfaced including spreads and execution costs. I had to adjust my trading strategy to become consistent profit. Frankly it was Huge leap in experience and knowledge increment.
     
  5. JamesForexSlayer

    JamesForexSlayer Sergeant

    Joined:
    Jul 4, 2019
    Messages:
    185
    Likes Received:
    202
    Which is why I said go on to 0.01
     
    momo3HC likes this.
  6. Olieng38

    Olieng38 Corporal

    Joined:
    Dec 28, 2018
    Messages:
    73
    Likes Received:
    9
    I am not sure, but for as long as you really need to, I do not know if there is something really some set rule for that matter. Are you with me here ? I simply do not understand all that. Be sure that broker will allow you to stay for long anyway no matter what.
     
  7. Glastonburyk

    Glastonburyk Private, 1st Class

    Joined:
    Feb 3, 2019
    Messages:
    34
    Likes Received:
    14
    Until profitable Ofcourse
     
    walpants likes this.
  8. ForexViking

    ForexViking Private

    Joined:
    Feb 14, 2019
    Messages:
    17
    Likes Received:
    3
    I still demo ideas now, just gotta make sure you're in profit for at least 6 months
     
    momo3HC likes this.
  9. momo3HC

    momo3HC Sergeant

    Joined:
    Feb 16, 2019
    Messages:
    133
    Likes Received:
    36
    Exactly. Demo usage hasn`t got due date.
     
    walpants and ForexViking like this.
  10. carnelian

    carnelian Private

    Joined:
    Jun 24, 2015
    Messages:
    184
    Likes Received:
    8
    6 month is not enough for any method. You have to demo any method for at least 1 full financial year. There are times when the market is behaving exactly like you want but there are times when it goes totally wrong.
     

Share This Page