Demo vs Live dispute

Trading live may be appropriate once you've dealt with complexities and understand how trading fits into your real life and have been consistently profitable for several months. Four to six months is the best time-frame to practice on demo before going live.
 
It is important to understand that they both are different and server different purposes. Trading on both the trading accounts is important. Traders must go systematically and take things slow in trading and should not jump into trading live directly.
 
I don’t recommend anyone skipping demo trading as this phase of trading prepares traders in getting ready for the market technically. With demo trading, not only traders get to learn how to build successful strategies, but also get to know how exchange rate moves and the market conditions in trading and their importance.
 
As a novice trader, I believe trading on a demo account is really essential for understanding the market movement and the complexities involved.
 
Can start with a micro trading account if you are seeing good trading results on a demo account. A period of 6-8 months is recommended on a demo account. Try to be patient and aim for that before trading live.
 
Demo and live accounts both have their own purpose and none can be skipped. Both the accounts should be used systematically to gain the right trading knowledge and develop trading skills. Even the experienced traders use demo account to backtest their trading strategy.
 
antoniaalexander said:
Demo and live accounts both have their own purpose and none can be skipped. Both the accounts should be used systematically to gain the right trading knowledge and develop trading skills. Even the experienced traders use demo account to backtest their trading strategy.
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Exactly! A demo account helps boost the skills of the trader and helps in understanding the technicalities.
 
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