how long to stay on demo

holycow

Master Sergeant
Messages
323
There is no minimum time for the demo account however new traders should not leave the demo trading for at least six months before jumping to a real account.
 

fxoday

Recruit
Messages
540
Yes I think this is one advantage forex, we can learn and practice in a demo account without restriction, but its also depending with broker policy, but at least practice in demo account more than six months trader already get more understanding with the risk, before starting live account make sure demo account success.
 

vvovan

Private
Messages
26
i say 1 year. will you stay demo one year??
it's stupid listening others. think by mind.
when you ready open live - open live. that's all.
 

Granigamand

Private, 1st Class
Messages
63
Most beginners stay on demo till they make consistent profits and have gained enough experience.

I suggest having a demo account always, even when trading live to build new skills and try new strategies.
Fully agree with your words. Every trader must have a demo account at his hands because there will be a time when a trader will be needed in a new strategy or a little break from live trading just because he/she is exhausted mentally. However, if the author speaks about the longevity on staying on demo at his initial stages, then I guess it would be better if he tests his strategies and skills some time, for about a couple of months I think. Despite the importance of demo, it also can become an anchor fora trader, because he will be sank in it and it will be very difficult to him to start live trading.
 

Etedus12

Recruit
Messages
200
Yes I think this is one advantage forex, we can learn and practice in a demo account without restriction, but its also depending with broker policy, but at least practice in demo account more than six months trader already get more understanding with the risk, before starting live account make sure demo account success.
I think that staying on demo more than couple of months can cause bad consequences for a novice. If he/she stucks on demo account then he won't be adopted to trading on a real account and what is more significant is that it will be very difficult for him/her to adopt to it. You know, demo account is a good instrument for practicing while you're still in th process of learning, moreover you are able to test your strategies there and come back to it any time you see that something wrong goes with your strategy. Nevertheless, it's very dangerous to stay on demo for too long, because there are no risks on demo hence trading on a real account with high risks can harm novice a lot.
 

ele020

Sergeant
Messages
196
long enough to make you understand all the trading terms, actions etc but not too long that you just keep on wandering around the demo account forever.
 

sebking1986

Recruit
Messages
246
As long as it takes for you to understand enough and have a fully backtested strategy making money. Why introduce the extra stress of trading psychology untilt that is sorted?
 

AlexKab

Recruit
Messages
2
Hi, I m new trader. I traded demo more than 2 months, and still trading demo on mondays. I started trading stocks, then went to FX.
 

HeavenLeighRob

Private, 1st Class
Messages
53
I think it’s a good idea to stay on demo until you’re consistently profitable, so the timeframe would vary for everyone. I had one for around a year before going live, but also wasn’t focused 100% in the beginning because my kids and other things took up more time.
I’d say make sure you’re confident before moving on and be prepared for the psychological aspect that comes with going live.
 
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