padutrader,
Do you believe a trader should forward trade with real money or paper money?
Trading Forex
- Thread starter padutrader
- Start date
Do you believe a trader should forward trade with real money or paper money?
Exactly, studying the wrong ideas from the wrong people could lead to disaster.
i do not really know...as long as he is trading with full seriousness why throw away money until you can at least make paper money
but could never trade paper money with seriousness
Same here. Paper trading was essential for me, for learning my way around the Trader Workstation platform and getting to understand how orders actually worked. As for practicing strategies, that didn't do it so well for me, either. I find my discipline and interest is lacking when I am paper trading. If I lose $200 live trading, it hurts a bit. I remember how many hours of work it used to take to earn it. If I lose $10k paper trading, I can always reset my paper account back to $100k if I feel like it. Or even more. No pain. Nor gain. If I make a few hundred in live trading it feels pretty good. It is a reward. I can think of the things I can do with that money, including more trades. With paper gains all I can do is trade it. For stocks that aren't there, to be sold to buyers who aren't buying and for more of this funny money that does not exist outside of the computer. Also order execution is totally different in the real world, from paper trading. Paper trading is important in learning the mechanics of trading online but for learning strategies, I think the wannabe trader needs lessons that are sort of painful, and rewards that are rewarding in the real world sense. And TOO MUCH paper trading could instill bad habits.
i was a bit scared of you i do not like monsters and growley ones even less
but it seems you have learnt well.
i just got a pm from someone who appreciated my approach to trading
his name is deleted to protect him
and i must say that for a long time i used the conventional approach and did okay but i was not happy.....
i may take too much risk but that is my decision...i bought my first share in 1984 so i am no babe in the woods...
though i must seem like one because there are some people who want to look after me
this approach is mine....do not advice anyone to follow it
but what i do advice is to follow your heart and your dream.
and be prepared to go through hell for both of them
his name is deleted to protect him
and i must say that for a long time i used the conventional approach and did okay but i was not happy.....
i may take too much risk but that is my decision...i bought my first share in 1984 so i am no babe in the woods...
though i must seem like one because there are some people who want to look after me
this approach is mine....do not advice anyone to follow it
but what i do advice is to follow your heart and your dream.
and be prepared to go through hell for both of them
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in market there are no Kings
only technicals is King
even market bows down to that King
sometimes the market tries to throw down the King
at that time we commoners must do all we can to survive.
Long Live the KING
only technicals is King
even market bows down to that King
sometimes the market tries to throw down the King
at that time we commoners must do all we can to survive.
Long Live the KING
i never did like trading in trends.... but today i understood the basic behind trading trends.
A trend, when it corrects or loses momentum, will resume the trend....it may be weaker than before or stronger but resume, it will.
this can be the simplest technicals and so it is adviced that all novice traders trade only in trends.
i too did well applying this simple technical which i had forgotten
KISS OR KISA
A stands for ass hole
A trend, when it corrects or loses momentum, will resume the trend....it may be weaker than before or stronger but resume, it will.
this can be the simplest technicals and so it is adviced that all novice traders trade only in trends.
i too did well applying this simple technical which i had forgotten
KISS OR KISA
A stands for ass hole
i have found that most of my profits come in volatile times.
i do not have the patience to sit through the slow times.
most of my losses are in asian session.
why do i trade at that time?
because i live to trade.....not trade to live....
about time i changed and did the latter.
enjoy the new dawn of the new day and wait for the Londoners to start their computers.
something i hate to to do...but i must learn to love my money more....
i wonder if i can do this...i left smoking after smoking 80 cigarettes a day 25 years ago
this is harder than that....but it is equally a challenge
i do not have the patience to sit through the slow times.
most of my losses are in asian session.
why do i trade at that time?
because i live to trade.....not trade to live....
about time i changed and did the latter.
enjoy the new dawn of the new day and wait for the Londoners to start their computers.
something i hate to to do...but i must learn to love my money more....
i wonder if i can do this...i left smoking after smoking 80 cigarettes a day 25 years ago
this is harder than that....but it is equally a challenge
African proverb, quoted in "The Complete Turtle Trader":
Every morning the gazelle wakes up and knows it must run faster than the fastest lion, or be killed and eaten. The lion wakes up and knows that it must run faster than the slowest gazelle, or go hungry and maybe starve to death. But it doesn't matter whether you are the gazelle, or the lion. When the sun comes up, you better be ready to start running.
Every morning the gazelle wakes up and knows it must run faster than the fastest lion, or be killed and eaten. The lion wakes up and knows that it must run faster than the slowest gazelle, or go hungry and maybe starve to death. But it doesn't matter whether you are the gazelle, or the lion. When the sun comes up, you better be ready to start running.