Demo account with real account experience

[senumouv]

Unbelievable! I actually created a demo account (with another email) after I have been live trading for almost 8 months. Being on these forums can lead you astray at times.. I thank myself and my recommenders that I didn’t create a demo account before I began trading and wasted a whole lot of time. So limited on options, just a glimpse of Autochartist:

There’s absolutely no comparison with live trading. No fun when you know this won’t hurt at all, am good with my feet outside the virtual environment.

I don’t know what your experience has been but I kind of liked trading on their platform. Not just demos but the live account is also pretty stable. Like I have accounts with multiple brokers, be it Xm or Fxview and they’re okay with demos as well as on live. Maybe this is just about individual experience.

 

[Jastinross]

I don’t know what your experience has been but I kind of liked trading on their platform. Not just demos but the live account is also pretty stable. Like I have accounts with multiple brokers, be it Xm or Fxview and they’re okay with demos as well as on live. Maybe this is just about individual experience.

3 months is more than enough if you ask me. Try not to waste your time.

 

[shanellcox]

I’ve been trading demos for about 3 months now. Am I on the right track here? Or is it excessive time spent on demo trading?

In my opinion, you should practice on a demo account for at least 5-6 months if you wish to be profitable in the long run.

 

[scadderoccasional]

In my opinion, you should practice on a demo account for at least 5-6 months if you wish to be profitable in the long run.

That’s too much of a time isn’t it? I mean these accounts are for practicing and testing out the strategies with few typical situations that can’t always be similar to the real life trading scenario. Like the order slippage may not be there which won’t tell you anything about the stop loss.

 

[Williamharvard]

That’s too much of a time isn’t it? I mean these accounts are for practicing and testing out the strategies with few typical situations that can’t always be similar to the real life trading scenario. Like the order slippage may not be there which won’t tell you anything about the stop loss.

Well I guess there’s a belief that demo accounts are just for the beginners. Experienced traders like me too use demo accounts to test trade strategy before implementing it in the live environment. So in case there are any bugs in my strategy, I work on it to trade better.

 

[traderjakelong]

I’ve been trading demos for about 3 months now. Am I on the right track here? Or is it excessive time spent on demo trading?

It’s great that you chose to trade on a demo account. I think 3 months are enough. You can start trading on a micro account.

 

[Nicerchil]

Well I guess there’s a belief that demo accounts are just for the beginners. Experienced traders like me too use demo accounts to test trade strategy before implementing it in the live environment. So in case there are any bugs in my strategy, I work on it to trade better.

My broker hosts trading platforms and suggests that I don’t need a demo account. Is he right?

 

[Rigate]

Demo accounts provide an opportunity to make virtual transactions in real market conditions, if a trader masters Forex from scratch. Monetary risks are excluded here, despite the fact that beginners gain experience.

 

[Ttinaev]

When the trader has completely mastered the practice of trading from a demo account and receives stable successful results, we start trading on Forex with real accounts.

 

[Williamharvard]

My broker hosts trading platforms and suggests that I don’t need a demo account. Is he right?

Can be right. There are many brokers who offer platforms and demo account too. I would still suggest you try their demo account to simply see whether their trading platform suits your strategies.