When to start trading demo/real

as you go through the baby pips Course does anyone recommend when to start actually trading your demo account or even real account ?

you should only open a live account when you are fully confident in your developed strategies, and know what trading conditions you expect and want from a broker. it is important to so some thorough research on this. use broker review sites.

In regards to the demo, everyone is different. i would suggest using different demos from different brokers so you get a feel of how different leverage and spreads offered can affect your trades.
If it is any consolation, i used demos only for well over a year before i even thought about opening a live account

3 Likes

When you are consistent in demo; only then you should start the live trading.

1 Like

You can start demo trading as soon as you feel confident with the basic knowledge of forex trading.

2 Likes

i agree! and real when you feel confident in demo account, but its better to start with a micro account

2 Likes

I say you don’t need to rush. :smiley: Feel free to just take your time for now, and go live once you feel confident with your strategy. Of course, you also have to be ready to lose some. :sweat_smile:

1 Like

I would say only use real money once you are regularly making money on demo.

To answer it shortly you really need to start when you are ready anyway. How much money do you need ? I don’t know, that much how your broker asks you to deposit as minimum I suppose, not more for starters. So something like that, post here your experience.

I don’t think; it depends on money or anything like that! It’s all about trading skill; with an ordinary trading skill the result will be very ordinary.

you have to learn from losses or even from missed opportunities. how can one be a successful trader without having learnt the hard way at times? Best way to do it? demo!

Well said Ria; rushing is one of the most common problem by the new traders!

Exactly; demo is the best! In addition, I think traders should use the demo account where unlimited demo service is available. Restricted demo service isn’t useful.

I can’t recommend something I’m newbie.