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How long on a demo account | Myfxbook
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It seems to me that 3 months is an approximate period, and you will need to be guided by how you feel during trading and how ready you are for real
double demo account 5 times, with hand writen reasoning for each trade, outcome, daily journal
I have traded in a demo for about 2 months then moved to live account but whenever I want to test something new, I will test that in a demo account before trying that in a live account. My suggestion for any newbie is to trade in a demo account until you start to make a decent profit, then move to a smaller live account. Then you can gradually increase the lot size based on your level of success.
A demo account will build your decision making power once you master in it you can go with real money and that will teach you how to handle the risk and your emotions of fear.
Oct 07 2020 at 08:25
Biedrs kopš   21 ieraksti
Make sure to not spend way too much time on demo account, as it can lead to bad trading practices. Try not to exceed using a demo account for more than 5 months.
Oct 08 2020 at 10:20
Biedrs kopš   33 ieraksti
I think 2-3 months would do.
Oct 08 2020 at 18:39
Biedrs kopš   140 ieraksti
Demo account helps to increase your trading ability and get proper knowledge about many more things about trading.
Oct 08 2020 at 19:55
Biedrs kopš   168 ieraksti
I have traded in a demo for about 2 months then moved to live account but whenever I want to test something new, I will test that in a demo account before trying that in a live account. My suggestion for any newbie is to trade in a demo account until you start to make a decent profit, then move to a smaller live account. Then you can gradually increase the lot size based on your level of success.
Of all said this is the best way to go.... :D
Oct 09 2020 at 06:03
Biedrs kopš   54 ieraksti
Demo account helps you to learn more about trading and one can develop the strategy for live while working on demo and It's totally depends on you that how much time you're going to spend on demo account. you can trade on demo account unless you think you're confident enough to go live.
Oct 16 2020 at 12:03
Biedrs kopš   42 ieraksti
I think everything that has to be learned from a demo account can be done in max 3 months.
Oct 19 2020 at 04:50
Biedrs kopš   112 ieraksti
Well, in principle, this is a period that can bring certain results of knowledge, well, perhaps, for someone it will be less, for someone more, everything is already going on individually.
Nov 09 2020 at 13:03
Biedrs kopš   25 ieraksti
I practised on my demo account for around 5 good months till I got a hold of the strategies I wanted to use.
Nov 18 2020 at 06:09
Biedrs kopš   29 ieraksti
Using a demo for around 4 to 6 months will give you a good idea about how forex works. You can also use it for a limited time if you already have an idea.
Nov 19 2020 at 14:38
Biedrs kopš   26 ieraksti
For a demo account, one week is enough to figure out what's what. Open a real account and start trading in the relay. Lots are minimal. But be prepared that you will merge your first bill. This will be your first lesson. If you do not stop there and continue, there will probably be another successful trader soon. Good luck.
A walking person is always faster than a standing person
Nov 19 2020 at 15:10
Biedrs kopš   293 ieraksti
I think we need learn too long for demo account because forex very dificult
Nov 20 2020 at 11:26
Biedrs kopš   140 ieraksti
A demo account helps you to learn forex perfectly. You should use the demo account till you get proper confidence to invest your money and earn profit.
Nov 20 2020 at 13:53
Biedrs kopš   293 ieraksti
I agree with you
Nov 24 2020 at 10:30
Biedrs kopš   994 ieraksti
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Nov 24 2020 at 12:30
Biedrs kopš   119 ieraksti
On a demo account, you can really learn well and acquire the necessary knowledge about the platform of the broker with whom you are going to cooperate.
Nov 24 2020 at 12:50
Biedrs kopš   920 ieraksti
practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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