How Long Have You Been Practicing on a Demo Account?

Posts: 52 · #1 - September 12, 2022, 10:56:13 PM

In one of the tutorials on the forex website, it is recommended to practice on a demo account for at least three months, or even a year if you can. When I first entered the world of forex, I tried to follow that advice, first trade on a demo account. But it only lasts two weeks, and I want to rush into trading with a real account, seeing how easy it is to get profit with this forex trading.

As a result, like many stories similar to other beginner traders, once or twice trading profit, after a long time the loss and loss and big loss, finally Margin Call.

How about bro? When you first entered the world of forex, as a super beginner trader, how long did you practice on a demo account (I don't mean after a long time as a trader and want to improve skills or test new strategies, but really beginners who don't know anything and new know the world of trading)?

Linkback: https://www.forex.zone/forex-education/29/how-long-have-you-been-practicing-on-a-demo-account/3917/

Posts: 3953 · #2 - September 14, 2022, 10:46:29 AM

For me the time needed to study in a demo account is until we are truly consistent in getting profit with our system

Posts: 127 · #3 - October 26, 2022, 05:36:45 AM

It depends on you how to understand the technique you are testing

#4 - **Today** at 06:51:30 AM

Posts: 175 · #4 - November 15, 2022, 08:10:14 AM

We recommend that we can be consistent one year

Posts: 160 · #5 - November 17, 2022, 04:33:07 AM

use everything that is important we are comfortable

Posts: 127 · #6 - December 06, 2022, 01:41:16 PM

learning to trade on a demo account in my opinion at least 6 months, but with a note that we can already profit consistently in that time frame if not then we are not yet worthy of trading on a real account

Posts: 2167 · #7 - March 02, 2023, 09:41:53 AM

However, traders typically practice on demo accounts for varying lengths of time depending on their skill level and learning speed. Some may require only a few weeks, while others may spend several months or even a year before transitioning to a live account. The goal is to gain experience and confidence in trading strategies without risking real money. It's important to remember that demo trading is not a perfect replica of live trading, so transitioning to a live account requires caution and careful risk management.