January 6th, 2009

The Money Pile (19 of 26)

This entry is part 19 of 26 in the series The Disciplined Forex TraderMake a little bit everyday.  Make a pile of money.  Don’t and make a money pit.
When you can do this illustration in a demo account then start trading live.
Lets take a $1000 account for example:
Make $5 a day for 250 days a [...]

December 1st, 2008

7 of 10: Discarding Demo trading Forever

Awareness #6- Discarding Demo trading Forever
One very important part on a trader’s path to success is to continue to demo trade.  By all means trade it like a live account.
In our opinion demo trading works when it prepares a trader to become skilled in identifying the proper set-ups, and allowing the trader to uncover their [...]

November 4th, 2008

10 of 10: Demo Trading To Feed A Trading Addiction

Awareness # 9- Demo Trading To Feed A Trading Addiction
Traders need to remind themselves of why they started to trade in the first place.  If it is for fun then never open a live account for the market will take all of your money.  I have seen traders literally lose millions of dollars in a [...]

October 9th, 2008

What Size Of A Demo Account Should I Practice With?

I was speaking with a good friend the other day; about demo trading versus live trading, and how to make the transition smooth.  He mentioned that he had not yet started trading live, and that he had been offered by a broker a free demo account with an initial balance of fifty thousand dollars.  He [...]

September 26th, 2008

Letter From Our Strategy User- Part 2

Traders response to my “any losses” question,
Jed,
Yes, I have sustained losses on this particular demo account, and in many other accounts as well.  Not sure what you meant by the question.  The losses are few, but they still come.  As I briefly look over this demo, I am seeing roughly 15 wins for every 18 [...]

September 25th, 2008

Letter From Our Strategy User- Part 1

This is a letter we’ve received from a strategy user and we thought it brought powerful insight that we would like to share with all of you.
Jed
Also, just to let you know, I find it quite amazing that two moving averages and the so-called “mao” can produce so many positive results.  It is truly incredible, [...]