THE PIP AUCTION GAME
Here are 4 fail-proof ways to solve the Pip Auction Game problem, and to guarantee that
you’re not going to play it again. You have heard this before, and it’s true, but until
now you still have not lived by this rule. You should never risk more for pips than they
are worth. You should [...]
A Fun Question From A Trader
This is a question from a trader that just signed up for Jump Start. The answer will share our feelings about learning to become a good trader.
Question:
Okay great and thank you for your reply. I’ll go through all of the Webinars for the jump-start program and if I have any questions I’ll send them to [...]
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 [...]
9 of 10: Lack of discipline and Patience
Awareness # 8- Lack of discipline and Patience
When demo trading a trader should be developing discipline and the ability to wait for a trade to come to them. It is easy to say “This doesn’t count; its only a demo account.” This type of attitude and thinking will cause you to give up on a [...]
8 of 10: “A Go-for-Broke” Attitude
Awareness # 7- “A Go-for-Broke” Attitude
Demo trading can be fun and we believe it definitely has its place when you are learning to trade the Forex markets. It’s also appropriate when practicing your entry and exit signals.
BUT trading forex in a demo account is NOT a video game where the entire purpose is all “fun [...]
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 [...]
6 of 10: Lack of Psychological Preparation
Awareness #5- Lack of Psychological Preparation
When a trader is using a live account he pays more attention to the results, the cause and effects, or at least he should. This gives psychological feedback to the trader. In demo accounts the ability to learn from emotions during trading is limited. In fact, they are often [...]
4 of 10: NO-RISK Control
Awareness # 3- NO-RISK Control
Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord. Trading with out any risk control will have the same disastrous out come. To have a positive [...]
1 of 10: Take Demo Trading Seriously
We are about to begin a 10 post series that we are really excited about. In this series we will go over the importance of demo trading as part of a traders educational process. We will release one post on it for the next 10 tens. Demo trading should not be taken to lightly. [...]
November 4th, 200810 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 [...]
Social Links
