how long to stay on demo

elisab

Corporal
Messages
215
All the time you need to get full control of the trading emotions. Never be tired of trying with virtual money.
 

Triantus Shango

Sergeant Major
Messages
1,372
well that's the thing... i stayed on demo for a very short time, not because i was good, but because i quickly realized there was no real sting of pain when losing fake money... i just couldn't bring myself to care. so an important teacher was not present, which prompted me to move on to using real cash and of course losing it, ,again and again, until the pain would become unbearable and until suddenly i would learn my lesson, bring down the walls of insanity inside my psyche that were putting obstacles on the path to success. it was that or more pain. when faced with that kind of choice, unless you enjoy pain, you quickly learn to reduce said pain.

bottom line: pain is a great teacher. ask any buddhist monk. ;-)

that is why i'd recommend to start with a live account ASAP, after of course, learning the technical basics on demo first.
 

alanrox

Corporal
Messages
177
well that's the thing... i stayed on demo for a very short time, not because i was good, but because i quickly realized there was no real sting of pain when losing fake money... i just couldn't bring myself to care. so an important teacher was not present, which prompted me to move on to using real cash and of course losing it, ,again and again, until the pain would become unbearable and until suddenly i would learn my lesson, bring down the walls of insanity inside my psyche that were putting obstacles on the path to success. it was that or more pain. when faced with that kind of choice, unless you enjoy pain, you quickly learn to reduce said pain.

bottom line: pain is a great teacher. ask any buddhist monk. ;-)

that is why i'd recommend to start with a live account ASAP, after of course, learning the technical basics on demo first.

Good post mate and I also left demo trading with in a short period of time to feel real trading.
 

elisab

Corporal
Messages
215
well that's the thing... i stayed on demo for a very short time, not because i was good, but because i quickly realized there was no real sting of pain when losing fake money... i just couldn't bring myself to care. so an important teacher was not present, which prompted me to move on to using real cash and of course losing it, ,again and again, until the pain would become unbearable and until suddenly i would learn my lesson, bring down the walls of insanity inside my psyche that were putting obstacles on the path to success. it was that or more pain. when faced with that kind of choice, unless you enjoy pain, you quickly learn to reduce said pain.

bottom line: pain is a great teacher. ask any buddhist monk. ;-)

that is why i'd recommend to start with a live account ASAP, after of course, learning the technical basics on demo first.

This is absolutely correct. Unfortunately, only after "real" losses you can start to understand how difficult the emotion management is.
 

Woulter

Banned spammer for 4XP
Messages
10
i went on live after two months of demo, but i think now that was too early, if i can suggest, i think now not less then 4 months
 

elisab

Corporal
Messages
215
i went on live after two months of demo, but i think now that was too early, if i can suggest, i think now not less then 4 months

If you're completely inexperienced, yes it is the minimum. However, even in the live version you should always start with a low leverage.
 

Pharaoh

Colonel
Messages
19,927
If you're completely inexperienced, yes it is the minimum. However, even in the live version you should always start with a low leverage.

Definitely! Learning to use leverage properly makes all the difference in forex.
 

Hoween43

Banned spammer for 4XP
Messages
10
I was on demo for about four months, but now that i've experienced that i can suggest to stay more ;)
 

willforex

Corporal
Messages
183
If you're completely inexperienced, yes it is the minimum. However, even in the live version you should always start with a low leverage.

Yeah agree. Also with small lots and proper money management to eliminate risk.
 
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