What happens when demo accounts expire ?
Mar 17, 2010 at 04:32
Hi,
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.
Thank you.
Membro Desde Jul 31, 2009
1449 posts
Mar 17, 2010 at 08:08
Yes, data will remain intact until you choose to delete it.
Jul 13, 2017 at 12:41
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Jul 14, 2017 at 07:28
I agree. 90 days is really not enough. Sometimes you need more time for research, develop your strategy, made your mind, go on holiday ... etc Try another demo accounts - there are many many out there :)
Accept the loss as experience
Jun 06, 2021 at 10:58
Yes demo is important. We can't test a strategy on live account to know how the strategy works unless have enough money to loss. It's the demo where we should test any strategy first. If it gives good results in demo we can try on live.
Membro Desde Mar 17, 2021
536 posts
Jun 07, 2021 at 05:59
AmDiab posted:Yes. It is right. 90 days is too short to understand trading and the market.
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Membro Desde May 27, 2021
64 posts
Jun 08, 2021 at 06:51
Dictiony posted:Yeah right buddy!
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Do you backtest your strategies on demo account even after starting with real trading?
Membro Desde Sep 12, 2017
238 posts
Jun 23, 2021 at 07:43
when the demo expires i believe it cannot be recovered. one needs to create another account and then start trading. But may be some brokers it can be receoved and used again.
Aug 25, 2021 at 19:44
I don't personally think that traders have to trade on demo account until it's expired, because they just waste their time. You have to trade on demo like on a real account in order to understand the mechanics of trading activity. You shouldn't open a deal with 5000 points for example, because you perhaps can't afford such amount of money per deal on a real account. So, if your demo is expired then you can find another broker which can offer you more points on a demo account. Nevertheless, you should understand that you shouldn't stay too long on demo because it can literally ingulf you and you won't be able to trade on a real one.
Membro Desde Mar 16, 2021
477 posts
Aug 26, 2021 at 02:08
Skills should be developed by trading on demo platforms with unlimited time. It is possible to control emotions.
Membro Desde Aug 26, 2021
9 posts
Aug 26, 2021 at 10:23
It is frustrating that many broker limit demo accounts to 14 days now. That is too short to learn anything
