How Long Do You Have to Demo Trade Before Live Trading

Many of FxKeys followers have become able to locate the strong trade setups and differentiate them from the weak and questionable ones. These traders who have been completely new to Forex trading, or have been learning and practising without any success for such a long time, are profitable now and they are so happy that they can see positive changes in their trading, after such a long time. This is true that most of them are still demo trading, but it is not easy to become a “consistently profitable”demo trader too. Indeed, it is the biggest achievement a novice trader can get. Someone who is able to repeat his/her success in demo trading month after month, is able to make money consistently with real money too (read more if you want to know what I mean exactly.

Becoming a consistently profitable demo trader is not something simple, unimportant and negligible. It is the stage that you have to pass if you want to become a professional and profitable Forex trader. I know so many traders who have not been able to pass this stage even after several years. Some of them think that their failure is because they are trading with demo money, and they can make money if they open a live account. But, they will have exactly the same performance with their live accounts too, and they get back to demo trading after losing some money.

Someone who cannot make profit with demo trading consistently, cannot make profit with live trading too. Someone who has learned to make profit with demo trading consistently, and has become able to repeat his success for six consecutive months at least, can do the same with a live account too, under the conditions that I have already explained several times (these are the most recent posts on this topic.

So, please keep on demo trading while you have already found and learned a simple and strong trading system. Open a small live account with the money you can afford to lose, only when you have been able to make profit every month, for six consecutive months at least.

Today, I am going to have another challenge for you, because many of you enjoyed the one I had 5 days ago. As per your request, we will have a quiz at least once every week.

I am showing you a short trade setup below. I don’t tell you to what currency pair, date and time frame it is related to. The only thing you have to do is that you distinguish whether it is a strong and 100 score trade setup or not. Please share your analysis here on this page. I cannot answer all comments, but I will share my analysis later. Please accept my apologies in advance.

The same short setup with a bigger magnification:

Tip: Check each chart with the above two magnifications; the smaller one to see the bigger picture of the market and trends; the bigger one to see the candlestick patterns and Bollinger Bands breakout better.

How Long Do You Have to Demo Trade Before Live Trading