very true, very useful demo account to practice trading system that we created, we can also use a demo account to learn to read a chart or a candlestick that is in MT4, so when we go on a real account we are used to display MT4 and his chart and if we want a challenge and getting the psychology of trading we can use a real account
Every great achiever in Forex started at some point as a blank slate, with no experience. Trading experience comes with practice and repetition and it is practice that makes perfect. Many traders expect to find cuts to boycott the need for experience, but the reality is that good decisions can only come from experience.
You should spend at least 2-3 month in forex demo account as it will help you in the long run of being successful in forex. Take my request carefully and spend 2-3 month in demo. It will really help you a lot.
I thing before going to real account at least 3 month invest on demo parties, on that time you also open forum account and post daily comment to get bonus points. when you get experience then go to real account with low investment and check our skills, if you get profit then continue trading,
if you have no knowledge and no experience so how you use strategies to earn from forex how to see signals if you don't know about signals how you invest if you don't know how many amount you invest in forex trading. so experience and knowledge gain first before start trading without these not possible to earn from forex trading.
I am enough consent with you, I think it depends the trading strategy and the amount of practicing terms of trading. some people go for live trading just after a month demo practicing trade. and others or some people take 3month long time to go for live trade. so it depends on you how you practice daily and what times you are giving of it.
Actually there is no minimum time to demo trading. Cause Forex is not a small subject. It is a vast topic. If we learn all time in a day then we can not be able to finish Forex. For me at the first stage I spent 4 hrs in a day but before joining with Forex-metal then I spent at least 7 hrs in a day. Cause my personal managers told me that trade demo more and more then onep real account
Anyone who has been around the block for a while should know that round numbers are good levels of support and resistance. These are numbers that end in .50 or .00; for example, 1.4200, 1.4250, etc
This is just depend on every human , how much pressure can take one human and learn forex , this is just depend on them . So I cant say anything properly about that .
But my opinion is we should learn or practice demo account at least five months for success in real account .
I think that at first experiences from 1 month to 3 months with a follow-up technical Althalilt and economic and psychological activists in the forex market