In my opinion, 3-4 months are enough for the expense of Forex how to practice.In 3-4 months, a trader can easily learn about the practice in . If you think that you did not learn enough, you can more after you doing well in demo account after that you start live forex trading.
It is a very nice question. my advice is before demo trading to read several forex a books and study on some strategies. and for example choose one strategy and always follow it for at least one month on demo account, and please write down the wins and looses and analyze it if it is a working strategy. until you will find a very nice strategy, so it may takes months don't forget it is better then loosing too much money just for active your trading skills.then when you will ready and your strategy works very well for a few months then it is time to study on emotional discipline.dont forget success in forex 90% is controlling of emotions. like not to be greedy and not to over trade,not to get angry when loose a trade,not to try to take revenge from markets,and being patient these are all emotional study.but you will not master your study until you will not trade with real money.yes we have to keep on learn new things and recover our self our skill to master yourself in forex world.good luck
all the beginner or authority trader needs a demo account
The demo account it always helps you to prove new strategies, but how overmuch minute has to advance a genuine account it is you adjudicate you
Demo account is very important and should be a good trading period of not less than 6 months before moving on to the real account, but has to be careful that the trial dealing with the clouds seriously and it's like real account so as not to affect us and teaches us disregard and lack of commitment
The first step you should do it every trader in the forex is to open a demo account and start trading for a period of 6 months without getting bored and then move to the real account
even when using a demo account at least we should have:
1. trading strategies used (including indicators, planing, engineering trading)
2. Good money management
3. established trader psychology in order to become a reliable and professional
4. consistent and optimistic
I think that we spend as much time when we see that wee the ... Different traders learn at different rates, so the trader should keep trading ... If you can learn faster then what are you still doing on demo, go live and try what you have learnt. .... before,that itself is an experience that can be useful to trade live .........
I spent about 2 months at first in my demo account, but till this day I still refer to my demo account whenever I come upon a new strategy that I need to test run before applying to my real account.
It is the best way to operate in these markets as a trader should always try to find out new ways to improve his quality trades and make more and more profits and once he want to try something new it is not worth to risk your money and better trade in demo account first and later trade in real account if the plan is good.
As I am a new comer, I don't know about this query but what I know is that trial consideration is always better for dealing with new techniques. you will not use actual cash in trial consideration.I want to all you must not quit the trial consideration.
Although racking up big gains in a Demo account does not insure profits in live trading, those who are not successful trading on paper i.e Demo account rarely are successful when money is on the line. So just playing around and getting familiar with demo account can be a great learning experience. However you will not learn how to become trader this way. You need a trading strategy.