Hello everyone,
In need of advice!! In the educational process, when should I start practicing the strategies learned in a demo account?
Although I am going to go through the process of analysis and evaluation of the trading platforms, which platforms do you recommend to start evaluating?
have a beautiful day!
Eli
Helloooo! 
Hmm. To be honest, I think you can already create a demo account as soon as you start studying chart patterns. 
Since this will let you see the patterns at work. Even better once you’ve found a strategy to use! Go ahead and get on to backtesting. 
Maybe this thread could also help. 
One of the best way is to create demo account and try forming the strategy and find what can work in your trading in term of chart pattern, regression and correlation and then you will see how you can make a consistent profit in that way.
Truthfully, you can start a demo account whenever you want but at least in my opinion, you should have already have chosen a strategy that you have personally back tested at least over 100 times to find out the reliable win rate and expected profit. After you have your strategy, it completely takes emotion and psychology away from the trading. You’ll know what to expect going into it, and the demo account is your opportunity to test once again to make sure your demo results line up with your original back testing results. If you don’t have a strategy, you’re just going in blind and wasting time on a demo account.
If you are opening a demo account just to learn how the platform works (placing trades, setting stop loss, figuring out trading commissions) then by all means, go for it.
Hope this helps! Have a great day
Thanks to all of you for the advice!!! Im so greatfull!!!
Any insight about “AXI”??
Are you referring to Axie Infinity, by any chance?
Yeah get started on demo as soon as you like so that you can go to the charts after learning something new and go back and look for it to cement it. Also look on different time frames and see how it moves. Both in terms of where but also the speed. Get an idea of a pace that fits in with your lifestyle.
If your demo trading account starts at $50,000 (many do), you want to aim for at least $53,000 at the end of a 6 month period. If you don’t get there, keep trading until you do. But remember, it has to be a 6% return in the LAST 6 months of your trading.
practice is really important there is no way to deny, but if you practice in the wrong way it can be useless, so its more appropriate to choose the best option, otherwise the result of trading can be useless.
all is most important and from all most important is know the market , if you cant do this there is no way to predict the market with certainly, so its really important.
You can read the books, do the demos etc cos u need this basic level of forex literacy to start. This’ll take about 6-12 months. However, achieving this does not mean you’ll make money.
The next step is much less straight forward.
You need to go and figure out a way of trading which is different to how everyone else trades and which is consistent with your own trading psychology (which you can’t change). Most people who trade forex aren’t profitable, so you really need to ask yourself whether all these indicators / limits / stops / risk-reward ratios / financial news streams that we all go on about are actually getting you anywhere.
To make excellent profits you need to find a unique way of trading. Unfortunately, no serious trader with an annual rate of return of >20% is going to share their system on a chat forum. However, even if they did it might not suit your trading style anyway.
Good luck.
If you find your strategy being consistent in a demo account, you may start trading live with a tiny amount and tiny lot. Find out whether you can deal the heat of live trading. If you feel confident and find yourself profitable in live account as well, increase your investment and trading lot. Any trading platform should be enough to evaluate your performance. Just choose the one you are comfortable with.
Thank you for your beautiful advice.
the new Forex trader always try to bring profit with no learning , and when they try it practically fall a great trouble.
Good advice. Starting slow is the best. Win small trades then aim for the bigger ones. Try to be consistent and always backtest and maintain a trading journal.
If you are beginner, profit is great but you shouldnt over priority it. Learning experience is more important so don’t overtraded and learn to accept losses and control your emotions.
Trading live account with real money is always better than demo as demo offer no capital commitment therefore you may get into a habbit of taking riskier trade than you should. Even a small account with $100 is good enough to start learning with.
Beginners are more likely to get inclined towards the idea of gaining profits in a short period of time and then get disheartened. From my experience in trading I would suggest you learn the basics of trading first. Once you have the fair idea of trading you may practice on a demo account and when you start seeing the profits, then you can switch to a live account.
It is essential for a beginner to be serious about trading. He must have a fair idea about what trading is. For that he can read blogs and also watch videos over youtube. Start practicing on a demo account and once you feel confident then you can start live trading.
I agree with your point of view but practicing on a demo account is important, it should be the first step for any new trader.