Kingstone
Active member
You have your strategy. You know the kind of lot size or leverage your want to use. But You do not have your funds ready for a real forex account. Then to practice what you had learned and not to forget the basis, you resort to demo trading.
How bad can demo trading be and how long should it last?
There is no minimum and maximum duration of how long you should practice on a demo account. A demo account gives you the freedom to execute different strategies without any fear. It also gives you the ability to use a high lot size to make yourself smile when your trades are reading high positives. You will begin to wonder if you have mastered your strategy and he is ready to take on a real account. But is that true?
A demo account is just different from a real account. If you have worked yourself up with a demo account, you need to teat the skills in a real account. This is where your emotions and strengths will be put to the test. You will not want to risk using a high lot size. This can get uglier, especially if you trade demo accounts for long.
You can lose that confidence in executing trades that are real as the emotions are new. Kill them off with a real account and see how your demo strategies will work out.
How bad can demo trading be and how long should it last?
There is no minimum and maximum duration of how long you should practice on a demo account. A demo account gives you the freedom to execute different strategies without any fear. It also gives you the ability to use a high lot size to make yourself smile when your trades are reading high positives. You will begin to wonder if you have mastered your strategy and he is ready to take on a real account. But is that true?
A demo account is just different from a real account. If you have worked yourself up with a demo account, you need to teat the skills in a real account. This is where your emotions and strengths will be put to the test. You will not want to risk using a high lot size. This can get uglier, especially if you trade demo accounts for long.
You can lose that confidence in executing trades that are real as the emotions are new. Kill them off with a real account and see how your demo strategies will work out.