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How long did you trade demo before opening a real account

  • #21
  • Oct 19, 2017 7:11am Oct 19, 2017 7:11am
Quoting Aussi
{quote} over the 25+ years i have traded i have put thousands of indicators on the charts i also read a very lot of books i tossed out the indicators except 2 and most of which is written their is no get rich quick EA or indicator i have colour stoch on my charts and a indicator called flo2 i use 1hr to trade and day chart for trend it is your friend hope this help kindest regards from dave
Thx you for the answer Ausii,wow 25 years:-).May i ask after how much time you started to be consistent?
  • #22
  • Oct 19, 2017 12:37pm Oct 19, 2017 12:37pm
Nearly 9 years of trading experience.
but i still keep my demo (3 demos, 1 for each broker) for debugging purpose (of my ea), while playing along with live account.
demo is good for testing strategies. Keep your demo as your journal. Good luck.
  • #23
  • Oct 19, 2017 1:48pm Oct 19, 2017 1:48pm
a year on demo training patience and discipline and still doing until now
3Some Candle TacticaL
  • #24
  • Oct 19, 2017 3:04pm Oct 19, 2017 3:04pm
Quoting Dedekzlobi
{quote} Thx you for the answer Ausii,wow 25 years:-).May i ask after how much time you started to be consistent?
i was on demo and learnt for a number of years and then it just came to me , i opened a account with $500 and grew it
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  • #25
  • Oct 19, 2017 3:16pm Oct 19, 2017 3:16pm
I was young and a fool.
Waited only 6 months.
For newbies I recommend to trade demo at least 1 year.
Thunder OM Flex Secondary All Time Return: -18.2%
  • #26
  • Oct 19, 2017 4:54pm Oct 19, 2017 4:54pm
Quoting Hairi
Nearly 9 years of trading experience. but i still keep my demo (3 demos, 1 for each broker) for debugging purpose (of my ea), while playing along with live account. demo is good for testing strategies. Keep your demo as your journal. Good luck.
very important thank you for your reply
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  • #27
  • Oct 19, 2017 5:00pm Oct 19, 2017 5:00pm
I traded demo for as long as it took me to be able to execute my strategy perfectly as well as manage my account perfectly without any mistakes.
That's all what demo is for in the end.

So all in all I didn't trade demo for very long.
  • #28
  • Oct 19, 2017 5:31pm Oct 19, 2017 5:31pm
Quoting Mozak
a year on demo training patience and discipline and still doing until now
thank you for your reply
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  • #29
  • Oct 19, 2017 9:20pm Oct 19, 2017 9:20pm
i now have removed the demo
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  • #30
  • Sep 26, 2021 6:43am Sep 26, 2021 6:43am
My plan is to backtest at least a thousand trades, then at least a hundred demo trades. Backtesting can be very reliable way to evaluate how successful a strategy is if you are doing the backtest correct, by including spread, commission etc in the test.
  • #31
  • Jul 12, 2022 4:12am Jul 12, 2022 4:12am
It depends on how confident you are about your system. In my case, I demo tested less than 2 days, about 24 hours. Time to try it live.

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  • #32
  • Apr 29, 2024 5:23am Apr 29, 2024 5:23am
Hello.
I used the demo for a month, but now I'm using a cent account to better understand my psychology and manage my risks.
  • #33
  • May 13, 2024 4:19am May 13, 2024 4:19am
I traded on a demo for about 6 months. It helped me get a good feel for the market mechanics and test out strategies without the stress of losing my real money. Definitely time well spent!
  • #34
  • May 15, 2024 4:12am May 15, 2024 4:12am
Quoting AirbornUA
Hello. I used the demo for a month, but now I'm using a cent account to better understand my psychology and manage my risks.
I agree is really better to use a 10$ cents account instead of demo.
requote slippage and spread are totally fake on demo and is very hard to test a strategy if the conditions are unreal
Hoya_Chief Return Today: na
  • #35
  • May 25, 2024 11:02am May 25, 2024 11:02am
I think its so important to make those mistakes your gonna make practicing! Yes you might win some but eventually you will looses all your money without proper training and scientifically tested methods, all indicators are lagging! indicators you need to practice and master analysis as well as patients to be an effective profitable trader, iv been practicing for just over a year now after spending about a year learning the basics and progressing from there. I'm now in a place where can confidently pick out trades and win them witch is a dream come true after all the hard work leading to this point. best of luck everyone.
  • #36
  • May 27, 2024 9:12am May 27, 2024 9:12am
I have been using demo on and off for years. I trade live accounts whenever I have little success in demo. But always fail in live trading. It's almost 6 years now, not yet profitable. I believe staying with DEMO for at least a year with consistent profit will help me. Back to that journey since April, this year.
Wish me best of luck...... smiling.
  • #37
  • May 27, 2024 9:44am May 27, 2024 9:44am
It’s not about “how long”.

It’s about how many trades and over what range of market conditions.

If you test a trend-following system during a trend, its results will apparently be good, whether it was a 3-day trend or a 3-year trend, and whether you tested it over 30 trades or over 30,000 trades.
  • #38
  • May 28, 2024 8:32am May 28, 2024 8:32am
When I first joined Forex, I only did demo trading for about two or three weeks, but after failing on a real account, I went back to the demo for at least six months, even though I am now trading real, sometimes I still use a demo account to test strategies.
I trade at FXOpen
  • #39
  • Last Post: May 29, 2024 5:41am May 29, 2024 5:41am
Just long enough to get to grips with the mechanics of trading, using the platform, inputting position sizes, SLs and TPs. For what it's worth I believe the real learning only happens with a live account (however small to start with) as so much of trading success comes down to the psychology of losing and how we handle it. Losing on demo is easy.
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