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  #1 (permalink)  
Old 24th September 2011, 13:41
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Default How many test accounts did you need?

I just 'messed' up a test account on forex.com and, since I didn't have too much time to understand how this all goes, I'm sure I would need at least 1 more go for a test if not more.

Were you able to learn faster? How many test accounts did you need?
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Old 24th September 2011, 21:19
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I am still trading on demo account (in fact on 3 demo accounts). You never stop learning, so you'll always need a demo account to test new ideas. I wasted a countless amount of them. More than 50, that's for sure!
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Old 24th September 2011, 23:15
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I have 2 live accounts and 3 demo accounts, I will always demo. Plus I tend to compair feeds from different brokers. Get yourself 3 or 4
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Old 27th September 2011, 23:51
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Yeah, there isn't a limit on how many you can have. And you could test a different strategy on each one if you wanted to.
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Old 1st October 2011, 09:53
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Quote:
Originally Posted by dojo View Post
I just 'messed' up a test account on forex.com and, since I didn't have too much time to understand how this all goes, I'm sure I would need at least 1 more go for a test if not more.

Were you able to learn faster? How many test accounts did you need?
I think that for every trader is unique person, so it is not possible to say exact number here, i can tell you my story ...

I started with only watching market for 2 weeks and after that i jumped in with real account .. i think that it was best possible school for me, because once you loose your own money, you are highly motivated to make them back, so you think .. think .. and think + real trading is with pressure not like demo trading ..
now after three years of trading (scalping) sometimes open an demo account for testing my new ideas, because i know how real trading works

(of course i did't open my first real account with all my money)
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Old 23rd November 2011, 11:13
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Of course, for making good returns through the forex market, a skilled and experienced forex broker can do a lot for you. An efficient forex broker always aims to assure that you deal with the best forex trading system routine and they provide you all the details needed to make the absolute decisions in the forex trading. You should have at least 2 accounts.
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Old 25th November 2011, 09:14
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Currently, I am using only one demo account. Even will try with other 2 demo accounts.
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Old 25th November 2011, 13:55
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Up do date I have 4 ... not that I use them, but because I tend to loose all of my money in them and need to reg a new one. As Enivid said, you will never stop learning and it's good to test everything before paying with real cash for it.
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Old 25th November 2011, 15:19
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I have 2 demo and 3 live accounts Always I am using Demo account first to make my self confidences before trading with some particular company.
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Old 30th March 2012, 12:16
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Hey,

I am using 10 accounts. And I always keep a history to improve my trading style!

Take care.
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