How many test accounts did you need?

Ary Barroso

Active Trader
Jul 9, 2017
907
63
39
32
Certainly you should not put limitations to use of demo account. You should use it until you get confident that you can trade on live account with profits. When you are sure, then switch to live environment but with minimum initial investment

I guess, only one account would be enough if new trader can lead this account in the proper way! Having a long term plan is very much important.
 

Onanak

Trader
Feb 5, 2019
60
2
24
43
I think that whether you have one or three demo account is irrelevant. The most important thing is that you are using these accounts to increase your knowledge and test different strategies and indicators. You can use your different demo account to test different stuff on it, and it is perfectly ok
 

Adam Jackson

Trader
Jun 15, 2019
68
2
9
25
Every forex trader will require basic knowledge in sufficient amount. Otherwise no foreign currency exchange trader can plan the best for his future trading journey. As every trader can have unique needs and every trader has unique abilities to cope with the market, by this means how much time a trader will require will different from the other traders. Thereby each trader must employ time as per his abilities actually.
 

37riched

Trader
Dec 26, 2018
117
23
24
33
You mean here probably some demo accounts ? I think that something good will be come out anyway out of it, correct ? Otherwise I do not see anything which will come even close. Each broker have it's own limitations and new features, so as many as you like.
 

Ary Barroso

Active Trader
Jul 9, 2017
907
63
39
32
You mean here probably some demo accounts ? I think that something good will be come out anyway out of it, correct ? Otherwise I do not see anything which will come even close. Each broker have it's own limitations and new features, so as many as you like.

I think, new traders should focus on quality instead of quantity! Because, without spending quality time; the demo sessions will be meaningless!
 

Sakib Shuvo

Newbie
Sep 15, 2020
24
2
3
24
I use two demo account because one of the most important benefits is the fact that you can get some practice in without losing your hard-earned money. The demo account effectively trades but you don't make or lose money coz its fake money.
 

ForexTus

Banned
Sep 23, 2020
28
2
3
34
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 went through 4/5
 

KISvalue

Trader
Oct 9, 2020
10
2
8
France
That's gud idea. Planning everything in the beginning itself is a great start.
i have found it important to mess around and test every thing out on the first demo so you can under stand it all better, then set up a new demo and practice what you are learning good or bad, then i have a 3rd that i treat as a live account
 

KISvalue

Trader
Oct 9, 2020
10
2
8
France
In the early days, I've opened plenty , in one broker itself. Once, while trading , the trades were closed & the entire account got closed suddenly by the broker, I still remember that incident. Due to the continuous opening of demo accounts or they didn't like my phone I gave while registering, I still cudn't figure out why that happened.
 
Aug 17, 2020
52
5
14
walletinvestor.com
In the early days, I've opened plenty , in one broker itself. Once, while trading , the trades were closed & the entire account got closed suddenly by the broker, I still remember that incident. Due to the continuous opening of demo accounts or they didn't like my phone I gave while registering, I still cudn't figure out why that happened.
Let's just hope that never happens with a real account :D