For beginner one should spend at least 6 month in demo trading. Demo is the best way to learn about the forex. Demo is a platform where any trader can test him as a confident trader in live trade. So we should test demo for a long time to go a long way of forex trading.
The demo account just for to know the features and how to used it.. if you already know about all of them so you can start practices some trade in the real accounts using a smaller capitals..It will better than if you stay practice in demo account for a long times really !!
Three months as a time to learn forex currency trading business might be too long for a forex trader that learns at a very fast rate. We should learn the demo trading till we succeed in it.Quote:
Originally Posted by jaan11
:) 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 practicing 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 improve our self our skills to master ourself in forex world.good luck good job......
To be a good trader demo treading is a must, without demo treading no one can be a good forex trader. I guess the more you will tread in demo the forex will be easier for you to understand.
new trader should practice on a demo account for three months ..
we can use our demo account to test trading systems and money management to be applied in real account ..
we have to be patient to practice on a demo account to be able to make consistent profits based on our plans
i think demo account is not good.there are different motion if you using demo account and real account .i recommended you to using real account with small equity for example $5.
how much time we should spend in demo before going to live trading
there is no limit like how long until we are proficient and profitable in demo accounts in the account and therefore had to go to the real but if in demo masi losers do is go into the real ... hee
For time ought to pay in demo account depends upon the comprehension level of one's trader, might 1-3 months is sufficient to learn a large series of strategies, systems, additionally as capital management in demo account, however if you feature a level of understanding that fast and already feel confident in the skills acquired in demo account you might want to immediately move to real account
all of the starter or possibly trader requires a demo account. That test membership it all constantly helps you to try different systems, however , just how much moment may need to distribute an authentic balance be contingent on everyone.