Number of messages : 141 Points : 1685 Date of Entry : 2019-11-11 Residence Country : Bangladesh
I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.
Number of messages : 69 Points : 1579 Date of Entry : 2020-03-13 Residence Country : Bangladesh
There is no such specific time. The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.