please help out if u hav any ideas about the time we should spend in demo for a new user before going live
please help out if u hav any ideas about the time we should spend in demo for a new user before going live
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
l m trading last 3 years .and l never stop trading on demo account.because demo account are always good for trying new strategies.you will be trading in real market but not with real money.so aside the money there everything is real.so it is a very big opportunity for us to improve our-self.l advice you never stop demo trading after you follow my previous post.
there is no specific of time for get practice at demo account
this is a good place to learn and get practice and after the newbies feel ready to go to real account so why not?
they can open real account and then make implement their strategies that they had practiced at demo account
i just took and got practice for 5 hours 4 years ago and then i opened micro account to continue my practicing to got the psychological trading, it was the better experience for me
i think there is already a topic opened regarding this.
well usually for a beginner minimum 3months is recommended ,but even though they trade well in demo some fail to perform in live account as they get nervous.
I spent seven months to train at a demo acc. if i get a bonus post then I use to try the reall acc and if I had mc then I'll go back to the demo acc. I usually enter the contest as well as a training tool because if I win I will get a free capital as a prize contest
all the beginner or professional trader needs a demo account
The demo account it always helps you to test new strategies, but how much time has to pass a real account it is you decide you
mere hisab se hamen demo pe kam se kam 2 to 3 months spend karna chahiye aur daily 5 se 6 hrs isse hum market ki hone wali har ek bariki ko samajh sakenge aur professional ban sakte hain Forex me.
if I think once or twice do a demo accounts that are important enough you can keep to regular profit and too much play in the demo account will make you shock when faced with the real account because the account is not as easy to get profit as in a demo accountQuote:
Originally Posted by rohit
Its very from person to person as some person learn quickly and some person could not understand this trading quickly.It also depend on time that person could give for trading. as you are full time trader or part time trader.If you could give full time to jaldi learn ker lain ga and if you are part time to time jyada laga ga.In my opinion I think atleast 1 month should give for demo account.