There is no fixed time to spend in demo 3 months or others. It depends on your trading ability. Newcomers should trade in demo according to pips school knowledge and after successful minimum 70-80 trades it is more appropriate to start on a real account.
It relies upon you, you may take only 2 months on a demo record to prepare for the genuine exchanging, and perhaps you will require 1 year, also, for beyond any doubt it relies upon your opportunity as well
Its okay . how much time you took to finish the demo practicing as a newcomer ?
As a newcomer I continued 3 months in demo. But honestly speaking the knowledge I have gathered from here not worked in micro account. this is my worst experience about demo.
I started off trading on a demo account, but I soon found that it was of no value to me first of all because I was willing to risk a lot more and ultimately I would place risky trades because I wasnāt scared of loosing. I know this is really defeating the object because you are supposed to try out things you have learnt, but in the end I just tried and see how much money I could make risking higher amounts. The second thing I found was that I am too impatient, I want to make money out of Forex and I wasnāt making any on a demo account!
So I opened a real account and deposited 100$ at the end Of December 2017. Since that time I have been a lot more careful with my trades, trying to stick with my plan because I donāt want to loose my real money. I donāt know if it is beginners luck or what, but by 31 January my account was standing on 167$. So in the end itās a case of jumping into the deep end to learn to swim!
Generally when trading in demo there is no emotions and we can trade here freely but we canāt avoid emotions in live at any faction. Thatās why instead of demo sometimes we can practice in micro account to ensure live trading experience.
NOā¦
itās a case of Jump in the Deep end and swim
butā¦
you didnāt notice the scuba diver tying a chain to your ankles that is connected to a concrete slab
soā¦ you proceed to drown while attempting to swim to the surface.
Mate. ā¦ seriouslyā¦ $100
and you think the advice isā¦ JUMP IN THE DEEP END
good for you for getting $67
you may even make it to $300
THENā¦ Youāll lose it all
what can i sayā¦ this is how it works
Feel free to prove it wrong
Wow thanks for the encouragement! Perhaps that is the way it works with your trading system?
@GLTrader
hehe.
Believe it or not mate, iām actually trying to help you.
Encouragement is one thing , and i could say to youā¦ "Right on mate. Exactly right"
butā¦ thatās bloody useless
because all that encouragement goes down the toilet when you lose your money
Truth is more constructive that Encouragement in forex.
Iām telling you the truth
donāt mean to put a shadow on your party mate
but seriously
$100 ??
you want to be encouragedā¦ OK
I wish you the best bloody trading in the world
I hope you become a millionaire and come back here and tell me that iām was bloody wrong and you stick in my face and brag about itā¦ i would love that mate
good luck to you
but. Reality is Reality
but like i saidā¦ Prove me wrong mate
and lastly
seriously consider what iām sayingā¦ ok
Thank you mate, I am sure you are really speaking from a lot of experience! Just how exactly is it that you are trying to help me? By telling me that starting off with 100$ is ridiculous, or that there are risks involved in trading and I am going to loose all my money? You only loose money if you do stupid things and thatās why I am saying trading with real money (even just 100$, which is actually ZAR1186 in my currency), makes you more careful.
During January I made 39 trades of which only 16 were winning trades and 23 were losing trades, yet I increased my account by 67%. This can only be achieved by careful money management, knowing where to place your stops and when to take profits. Now is this only possible if you have huge trading account or does that apply to all sizes of accounts?
I am definitely not under the illusion that this will happen every month, I am not yet an expert traderā¦very far from it actually, and I know that somewhere along the line I am going to loose, but I am definitely going to do my best to try and minimize my losses.
But thank you for your comments, one is never too old or too wise to learn.
yes, thatās one thing
yes this is another thing
thatās right
and RESPECTFULLY
what you are doing is stupid
Here is how iām going to help you
I"m going to get you to understand that Newbies
- Do stupid things
- When they do stupid things they DO NOT REALIZE THEY ARE DOING STUPID THINGS, thatās why they do them
- When someone alerts them to itā¦ they take it personally
SOLUTION : Donāt take it personally and stop doing it .
minimizing loss IS STILL LOSING
since you KNOW YOU ARE GOING TO LOSE AT SOME POINT
do you have an avoidance strategy so that you donāt lose ?
if notā¦ THINK ONE UP
Respectfully, I donāt know what I am doing that is so stupid? I enter a trade, after I have analyzed the market to see if there is a trend up or down, am I near a support or resistance line, are there any recognizable chart patterns, are there any candlestick patterns in place, in other words I minimize my risk of making a losing tradeā¦oh and yes I do have the stochastic in place too to tell me whether it is oversold or overbought. All of this stuff I learn of sites like Babypips, unless they talking rubbish?!
Then I will place a SL and a TP according to what I specified in my trading plan, so that if the price moves against me I minimize my loss, but if it goes with me I make a much bigger profitā¦not rocket science really, just basic money management!!
I do not take advice or even criticism personally, as long as it is good advice coming from somebody who really knows what they are talking about. If you can honestly tell me that what I am doing is stupid then RESPECTFULLY I think you donāt have a clue what you are talking about.
I suppose you are always winning? Or do you have a strategy in place to prevent you from winning? I would like to get my hands on that strategy, I will become that millionaire you referred to earlier and that with only 100$!
GL, sounds like a fairly solid plan you have there.
Losses are inevitable, and your plan cuts them out before they haemorrhage your account, very sensible.
Keep up the good work, youāre on the right path
Thanks Eddieb, I have lots to learn.
Mate.
i do know what iām talking about.
iām financially free from trading forex.
iām not an institutional trader, but i have gained financial freedom from thisā¦ soā¦ thatās definitely qualifies
of course you think that, what else would you think ?
i have already told you what you did wrong
but like i saidā¦ Beginners take it offensively
Mateā¦ Look
sorry for offending you ā¦ ok (and that is not sarcasmā¦ by the way)
donāt worry about itā¦ i wonāt go on about it, because I KNOW doing so will only upset you further
I tried to help you
but like i said
when youāre a beginner and you do things wrongā¦ YOU CANāT SEE IT, thatās why you do it.
if you could see it. you wouldnāt be doing it. simple as that.
Noā¦ Not always
but, definitely Most of the time
i think you mean. to prevent me from LOSING
YES I DO
nowā¦ You are going to askā¦
ok martin , share it with the forum hehe
WHY ??
Mate, honestlyā¦
do you have any idea what would happen if i did that
this is a forum where most people dont know how to trade
then you have rude people then you have all sort of other people
i dontā have a perfect system, but it bloody works for me .
now. if i had a perfect system and i put it up hereā¦ I PROMISE it would be ridiculed to high hell and back
secondly.
even if my system works for me , it doesnāt necessarily mean it will work for you, i developed it over some 7 odd years
soā¦ No, I wonāt be posting it
because i donāt need the crap and i have no benefit to post it.
Noā¦ you wonāt
butā¦ if you crunch some numbers and figure out a way to anticipate losses, you will find that you can offset losses.
and this will indeed make you a millionaire in around 3 yearsā¦ IF YOU DO IT CORRECTLY
you would merely need to start with around $3,000 (not $100)
now like i said
prove me wrong mate. i would love nothing better
but, history has shown us that people that start with $100 end up with blown accounts
now like i said, PROVE ME WRONG by all means
facts are
I do know what iām talking about
i am trying to help you in the most sincerest way i person can ā¦ ok
but, obviously and evidently, iāve offended you
for that i apologise
my advice to you mate
roll with what you think is correctā¦ ok
i would suggest get your balance above $1000
and crunch some numbers and figure out how to protect yourself if really bad situations arise
thatās my advice to you
nowā¦ you can dismiss it as me being an idiot who hasnāt got a clue, and thatās fineā¦ I understand
or
you can take it on board and give it a try on demo
what would it hurt you to do that
iāll leave it with you ā¦ ok
sorry to have upset you
I definitely stand for starting to trade with a demo account. You should spend there several months before youāre confident in your actions and your virtual profit is 5-10% in average. There youāll switch to the real account without any problem.
Youāve identified clearly the problem of trying to learn the phycology of trading whilst using a demo account.
Now you are experiencing the phycology of winning and losing on a live.
You are right to make the move, the demo work was done, itās purpose served.
When switching to a live the absolute worst thing would be to open a live with an excessive amount, the brokers would love you, usually most guys would pull the plug after losing half their excessive deposit, never to trade again.
Stick with it, remain detached, and the only part that I disagree with is the quoted, seems you are stepping in at the shallow end and getting a feel for the water.
The biggest danger to a successful live start is complacency - always imagine that someone close is looking over your shoulder 
Demo account only using virtual money and no emotion pressure, but still useful for beginner start practice without any risk, but trading in real account will already involved emotion and sometime making trader being angry if facing floating loss, but if we want making real money of course must choose real account
Hey Martin, I assume your name is Martin? Donāt get your knickers in a knot mate, its all said in good spirit and no offense taken really. Oh and you are definitely not an idiot!
I have tried the demo way and it is not for me, oh and I just looked I am now standing on $181ā¦getting closer to that $3000 you are talking about. Itās really a learning curve for me and the excitement and the adrenaline rush, I thrive on that.
Perhaps one day I will come visit you in Aussi land, but only when I make my first million 
Thanks peterma, I am really very dedicated to Fx trading.
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