If you ask me, I would never work on demo for a long time of period. During demo time, you will notice that you never ever be serious about it. In your mind, you will keep telling yourself that this is not real money, if lose...just let it be, after all it's not real money. And you will never get discipline with your trading strategy. Once if you work on demo for too long, your mind set will start to lock into the current method. Another thing also you never will learn to control your fear or emotions during the demo. Once you think you are ready and switch to live account, then you will feel that everything seems to be different. All the emotions start to kick in, and the method you been using during demo also doesn't work with your emotions now. WHY?? Cos if you can swallow such loss in demo without emotions does not mean that you can do it in live...Get it!!!. Watching real money losing comparing to demo is entirely 2 different feeling. Demo for me is just to learn about the platform and other technical, once perfect then move on to live right away. There is no such thing as free bee in this world, all learning takes time and money. Make sure you trade at small lot size according to your emotions limit. If you think that USD 50 of loss on each losing trade will effect your emotions then you need to reduce it down. LOsing without any emotions effect is where you should begins your lot size. Once you are good with that strategy then slowly increase the lot size, that's how you built up your confidents..instead of a big jump.
