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 [...]
November 28th, 20086 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 [...]
November 26th, 20084 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 [...]
November 21st, 20081 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. Take [...]
October 24th, 2008Why You May Fail Going From Demo to Real
I read this article and totally agree. I thought it provide some unique insight that would be beneficial. It was written by Trader V I found it on ForexFactory.com. I do not know his real name. The post is in his words. ________________________________________ I posted this in another thread and many thought it was valuable [...]
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