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how long to stay on demo

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

  1. nahiyar

    nahiyar Private, 1st Class

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    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

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    Stay on demo until you are consistently profitable.
    Then trade on 0.01 until you are happy with the mental side.
     
  3. JamesForexSlayer

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    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.
     
  4. bigdolly

    bigdolly Sergeant Major

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    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

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    Which is why I said go on to 0.01
     

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