How long to demo trade

It depends on person to person. There are lots of people who can learn this trade within 2 to 3 month and on the other hand there are lots of people who need 5 to 6 month to understand the basic of this market. From my personal experience i can say that maximum newbie can learn this market within 2 to 3 month if they are serious and committed to themself. Don’t be so happy if you do well in demo trade. Keep in mind that real trade is different. The idea behind Demo trade is that it would help you to understand how Forex trade works. More importantly, you would also able to find out your mistakes in demo trading and that would help you immensely in real trade.

I find i treat my demo account as if it was real money, because then i take more realistic risks. i have only just started trading and have been using my demo account for just under a month. I would start thinking about converting to a live account within the next month or so, but use a demo until i become confident enough to use/lose my own money! Plus i want to enter some trading competitions and you have to have a live account…

I think I’m going to trade with a demo account until I can consistently make a profit with it…
Otherwise I would not put my money on the line. Do you think it is a good idea?

How long did you guys use a demo account before trading for real?

Depends on who you talk to. In my opinion it is a terrible waste of time as you do not learn anything, others view it as important so forget what others think. As long as it makes sense to you, do it. Just remember you can’t and won’t learn how to trade in a demo account, just like you won’t become a golf player playing it on a video console. If you can’t afford to lose $200 in a micro account while you learn how to trade then you should not bother to start. That’s just my two cents.

I suggest to trade micro accounts. I think you need to feel greed and fear. Paper accounts you will fool yourself too much and loose interest. $100-$200 micro account is not that much to lose. Then if you can trade three months well, then maybe up it to $1000 and grow slowly…

Use a demo account until you feel you are ready to take the risks, remember never use the money you are going to cry over if you lose it all, ie: use ur going out to party money or similar things you can cut n save.

Demo accounts are good to use for practice and keep practicing until ana find sitem good trading and profit. Everyone is certainly not the same problem how long it will be used, so in moderation.

Yeah right demo accounts are very helpful and if we practice more and more in it and properly learns the basics
of Forex trading then we can become the good trader.

how long you have been demo not really important, the most important how long you can make consistent profit on you demo, if you can make atleast 3month i think you are ready to open live acc. good luck

There’s no set period. Trade for however long you need, up until you see that you’re consistently profitable for a considerable period of time. And even if you do move onto a live account, don’t invest a large sum of money. Trading on a demo account is not exactly the same as trading on a live account, don’t go into trading on the latter with the expectation that you will be as successful and profitable as on the demo account. It takes time and effort to learn to trade with real money.

Good solid advice

I have to work on a demo account in the beginning to more than a year and a half after it began trading on a real account

No specific answer, but you need to practice your demo account until your profitable trading strategy or system! I see, many successful Forex traders used their demo only for few months but now they are enjoying their live trading! On the other hand, many traders are struggling in their live account although they were profitable in their demo, so it’s really unpredictable! By the way, I used my demo account for 11 months!

The foreign exchange market is the largest financial market is the world. To do currency business here or other commodities we must need to learn all about this financial market. A new trader must train his or herself properly before entering in this business. Foreign exchange market is not for an uneducated person. Though this market welcomes all category people to get their chance of making money. But Without the knowledge of economy and currency trading no one can survive for long here.
According to achieve success in this business and earn a good amount of money a newbie should educate his or herself with foreign exchange market. To apply this acquired knowledge everybody, need a platform and that platform is demo account. Practicing with demo account make yourself prepared to trade with live account. Also trader can test their strategies with their demo accounts. And now many broker provides free demo account to practice.

There cannot be any set period for trading on demo account. The period for demo trading varies from person to person, some take more time to go live while others do this very quick. However before turning to live trading one must understand the fact that demo and live are two separate platforms and are not identical. There is a big difference that demo trades with virtual money and live account trades with real money. So, proper time must be given to demo trading for understanding the concepts and atleast one should always trade for 3-4 months in demo account.

So many trader might can’t maintain account more than six month and if any trader want to practice at least six month I think as good early preparation before start on real account, if any trader directly start on real account without practice in demo account almost them will fail I think, like as me at first time in real account only practice demo around a week

Sorry mate I am not agreeing with you , 6 month is a long time for continuing demo trading , even though demo trading is valuable for the newcomers but I have never demoed for a long time in my trading career, I just have acquired the policy how to trade accurately then I kicked off my live account with a small balance.

I look at it very differently from you: I usually advise that as a bare minimum.

Specifically, I usually suggest that people shouldn’t switch from demo to funded accounts until they’ve done both a minimum of 6 months [B][U]and[/U][/B] methodically collated the outcomes of a minimum of 300 [I][U]consecutive[/U][/I] trades without showing an overall loss.

I think it’s a very worthwhile (perhaps even “essential”) part of instilling and maintaining the patience and discipline without which no aspiring trader’s going to be able to make steady profits without encountering accidents or even disasters.

Edited to add: [I]most[/I] people, of course, move from demo to funded accounts far more quickly than this, and in a field of endeavour with such very low overall success-rates as forex-trading, I’d suggest that it’s fairly clear that doing what “[I]most[/I] people” do is probably something to be avoided.

i agree on this one, how ever, you should demo trade long enough for you to fully understand the platform and all it’s features and buttons.

Took me about 2/3 months before my learning curve flattened because the demo money did not provide me with any motivation or excitement (thought like: who cares, its not like it’s actual money)

At that point i switched to a small 200 euro account and its slowly moving.

Also, make sure you have some sort of strategy in place for your trading.

I agree! It varies from individual to individual. You should trade on demo account as long as you become comfortable and decently consistent and feel confident about your own strategy. It doesn’t matter if it takes you 1 or 3 or 6 months to get to that place. Once you feel comfortable enough, go for live trading with an amount you can afford to lose because the trading psychology is different when you trade live which is somewhat lagging in demo environment.