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Trading Skills
- Thread starter Pension_Admin
- Start date
the best quote i heard from someone about sim/demo trading was that 'you'd do things
sim trading you'd never do real trading', and i agree with munnyhunny's '100%', done it
lots of times myself, as well as resetting the sim account after blowing it
what i recommend even tho you may be suspicious of fx brokers is to open a micro
account with an fx broker of your choice eg FXCM's: http://www.forexmicrolot.com/
minimum $25 - most fx brokers offer micros, also Oanda: http://fxtrade.oanda.com/
where you can open an account with $1
whatever your trading system is it will for the most part also work trading fx pairs assuming
it's a straight buy/sell system
while demo/sim trading has its uses, there is no question trading with real money is a
totally different animal, or rather, you'll discover your self's real trading ability and most
importantly, your reaction to LOSS - losing Your Real money
sim trading is shadow boxing, real trading is getting in the ring with an opponent
sim trading you'd never do real trading', and i agree with munnyhunny's '100%', done it
lots of times myself, as well as resetting the sim account after blowing it
what i recommend even tho you may be suspicious of fx brokers is to open a micro
account with an fx broker of your choice eg FXCM's: http://www.forexmicrolot.com/
minimum $25 - most fx brokers offer micros, also Oanda: http://fxtrade.oanda.com/
where you can open an account with $1
whatever your trading system is it will for the most part also work trading fx pairs assuming
it's a straight buy/sell system
while demo/sim trading has its uses, there is no question trading with real money is a
totally different animal, or rather, you'll discover your self's real trading ability and most
importantly, your reaction to LOSS - losing Your Real money
sim trading is shadow boxing, real trading is getting in the ring with an opponent
I did not read the entire thread but I just HAVE to mention that even though it might be a good idea to test ideas in a demo account before going live, that I think it's essential that someone practices with at least a small amount of money. You cannot POSSIBLY gain real experience with demo trading.