kiranchandra Posted October 17, 2013 Posted October 17, 2013 Is There any specific duration of when a trader should be certified knowledgeable in Demo to go over to the real account. However, certain people suggest a period of six months on average. do you think there is a minimum duration to be in Demo and if yes, what? Quote
standart Posted October 26, 2013 Posted October 26, 2013 no specific time limit to point out when traders should stop trading in demo account. however, when traders found good strategy and able to generate profit consistently, they can trade in live account and leave demo account. Quote
rofi93 Posted October 28, 2013 Posted October 28, 2013 no, there is no specific duration of demo trading...you should trading on demo account until you become experienced and skilled...you will become expert when you will make profit consistently.... Quote
standart Posted October 28, 2013 Posted October 28, 2013 traders trade in demo account to make sure that they are get proper training in order to make their knowledge, experience and skill improve. because it enabling traders to perform proper trades. and when traders able to gain good result and stable, they are ready to trading live. Quote
gaban Posted October 29, 2013 Posted October 29, 2013 Depending on the capabilities of each trader. If I learn trading in a demo account for approximately 6 months. Even now I still use the demo account to practice trading. This really helped me in understanding the basics of trading. And for beginners it is recommended to use as a practice demo account trading. Quote
Bagus Posted October 29, 2013 Posted October 29, 2013 Depending on the capabilities of each trader. If I learn trading in a demo account for approximately 6 months. Even now I still use the demo account to practice trading. This really helped me in understanding the basics of trading. And for beginners it is recommended to use as a practice demo account trading. I agree with you but it seems like not too long also for us to be in a demo account to practice as novice traders should also be faster for them to learn how to trade with real account Quote
uncle gober Posted October 30, 2013 Posted October 30, 2013 demo account it the right way to learn in forex trading. We can learn basics of trading using this account without having to make deposit and spend any money. And if we have understand the basics of trading, we should try to use real account. Because if we use demo account too long, it will be not good for our psychology Quote
gaban Posted October 31, 2013 Posted October 31, 2013 I agree with you but it seems like not too long also for us to be in a demo account to practice as novice traders should also be faster for them to learn how to trade with real account yes, I agree with you, we really should not be in the long teralu demo account. However, we must remain trading in a real account. Because psychological conditions demo account different from the conditions in the real account. We could have a trading real account by using a minimal deposit. In instaforex, we can deposit $ 1. Quote
davils9 Posted November 9, 2013 Posted November 9, 2013 Demo account is most important for the new trader. When a man want to start a new real trade he need to learn more about it So demo account is most important to be a good trader. Quote
Decub Posted January 19, 2014 Posted January 19, 2014 It doesn't really matter how long but how well. A newbie can trade in the Demo for as long as he can learn. Different traders have different levels of assimilation and in other to defeat the feat of studying in the Demo, he must as well know and understand how to trade before leaving it. Quote
adil007 Posted January 25, 2014 Posted January 25, 2014 I think it all depends on you, your capability and ability to learn, the time which you put into gaining knowledge and practicing at your demo account as well as your determination to learn forex trading quick, in my view you would get to know it yourself when you are ready to go for live trading when you are making good profits in demo account you should switch over then. Quote
standart Posted January 29, 2014 Posted January 29, 2014 traders can use demo account as long as they want. no restriction in term of how long traders can practice in live account. if traders serious and focus, they'll able to jump in live account faster. but if unable to focus, traders will take longer period to take practice in demo account. Quote
adil007 Posted January 29, 2014 Posted January 29, 2014 Sometimes you feel like you need to give more time to practice and sometimes you do not feel like it, so in my view it is already inside you that helps you make this decision that are you ready for live trading now or do you need a little more practice, if I talk averagely according to me 3 months would be very good for trading in a demo account. Quote
surya77 Posted February 8, 2014 Posted February 8, 2014 is the good for newbies in first time to trade in demo account before than direct in real account, you must tradin you skill in here for become good trader and know how to manage money. Quote
forexlover Posted February 11, 2014 Posted February 11, 2014 A newbie can get the basic experience and basci knowledge from deo account if he use demo account regularly for 1-2 Month. But a new trader should use demo account for 5-6 Months in order to get more experience and knowledge in forex trading. Because we can only win trade with high knowledge and experience. Quote
Decub Posted February 11, 2014 Posted February 11, 2014 A newbie or by extension, any trader knows and understands himself more than any other person. To this effect, he is also the person that can tell where it pains and where it hurts most. If he believes he has overcome all these and is ready to take up the challenge of trading in the real account, then why not. Quote
waseemilyas Posted February 12, 2014 Posted February 12, 2014 Hi newbies you should try demo prastics more and more to become export trader its reall require devolpe you skills by readinf forex and a reall is really difficult and loss day because if we hava no practics then we have loss our trading volume so avoid this . Quote
showrov1993 Posted February 13, 2014 Posted February 13, 2014 yeah all newbie client must need a demo account.cos without working or practice in demo account he/she never get enough knowledge on forex market.so it's the big mistek for loss on trade.also he need to continue trade on demo account how much he should no gain enough knowledge.... Quote
CahCuncun Posted February 13, 2014 Posted February 13, 2014 Yeah, demo account is very recommended for newbie. Demo account is the right place to start trading in forex. By using demo account, we can learn about forex trading and it will be useful when we are trading with real account. The experience will help us to prepare ourselves to face real market situation Quote
waseemilyas Posted February 13, 2014 Posted February 13, 2014 if newbies do trade in the demo acount then they get the knowledge about the forex and earn the monney when they can start trade in the real acount of the forex.new user have to do demo for a peroid of 6 month to get the khowledge about he basic of the forex Quote
Decub Posted February 17, 2014 Posted February 17, 2014 Though the Demo account is always a sage place for a newbie, the Demo is not only for them. It is a place any trader irrespective of your level of knowledge and skills can still participate in. You simply have to take it as a learning environment and it will be one for you. It mustn't be for the newbie to take solace in it. Quote
standart Posted February 19, 2014 Posted February 19, 2014 no specific calculation which can count for how long traders require practice in demo account. learning forex different with learning in school. progress depend on traders own and if they are able to focus and serious, have chance to leave demo account fast and prepared to start trading in live account. Quote
gaban Posted February 20, 2014 Posted February 20, 2014 there are no provisions for sure how long you study in a demo account. Because with a lot to learn in the demo account our trading skills are getting better. And we also understand well the forex trading. However, the average trader to learn in a demo account within a period of between 3-6 months. After that, start a real trading account. For starters, we can utilize the free capital of broker for a trading real account. Like instaforex which gives a bonus post. Quote
adil007 Posted February 20, 2014 Posted February 20, 2014 I think demo account should be maintained whether a person is a newbie or whether he is an expert, demo accounts are very helpful for us and improve our skills as well as analysis of the market so we should stick to them for as much time as possible if we want to prosper in forex trading. Quote
tray22 Posted February 21, 2014 Posted February 21, 2014 Well to be sincere the demo account is the right place which every trader need to start from but as per this I think that the newbie need to practice as often as they can and minimum of six month in their demo account Quote
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