I always tell traders that they should practice with demo until they are sure that their strategy can withstand all market conditions.
Which means if you are testing a swing trading
system or a position trading system, you should test a swing trading system for
at least one year, a position trading system for at least three years.
You should test a day trading system, for at least,
four months and a scalping system you should test for at least two months.
Many people will never follow this advice and they
always fall into the trap of the curse of the early win—the curse of the early
win, when your strategy goes into luck and you think that you are a good
trader.
So eventually, many people use their live accounts
and their real money as a demo account.
That is why you see them blowing one account, one
real account after the other.
All the mistakes they are supposed to make and learn
on demo, they are making them on live accounts.
So if you don't want to test your trading idea on a
demo account, you will use your real money, your live account as a demo
account.
Practising on the demo for a long time will reveal
to you that most trading systems are worthless anyway.
The market doesn't care if you use AI, manual,
automated or semi-automated strategy.
If you lack patience, you have no business trading.
After all, what do you have to show for your many
years of impatience? Losses that are bigger than winners.
That is it.
Recommended Testing Durations on Demos
* Position
Trading System: Minimum 3 years🚀
* Swing
Trading System: Minimum 1 year🩸
* Day Trading
System: Minimum 4 months❤️
* Scalping
System: Minimum 2 months💚
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