[Don’t demo trade for too long]

So, how long should you demo trade?

One month?

Four months?

One year?

The truth is that it depends…

If you’re a day trader, then you may want to consider demo trading for one month

If you’re a swing trader, however, then you may want to consider demo trading for three months

The concept is that the higher the frequency of your trades are, the less time you should do demo trading, and if the frequency of your trades is lower then it’s the opposite.

Remember…

Your goal in demo trading is not just to test whether your strategy works.

But to see whether or not your trading plan or trading routine is for you so that you can make tweaks along the way.

Candlestick Patterns Cheatsheet

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Chart Pattern Cheat Sheet

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In business:

You need capital.

You have expenses to cover.

You don't expect to succeed from day one.

You need some time before you make a profit.

Trading is a business—so treat it as one.

A Bull Flag Pattern Trading Strategy - A Complete Guide

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The Definitive Guide to Trading The Bull Pennant Pattern

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[Get out of demo trading and start small]

Now…

It doesn’t matter whether you want to start with $100, $500, or $1,000.

What matters is that you get out of demo trading.

Start trading live.

Start trading small.

And start practicing good trading habits.

I know the feeling of being nervous when live trading for the first time, and that’s okay.

But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…

You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.

Sounds good?

Trading Psychology: 3 Profitable Tips To Trading Success

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Trading is a get rich slow scheme.

[A stop loss order will save your trading account, here’s why…]

A stop loss order is a type of order that gets you out of a trade automatically.

It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.

Now…

I’m not going to lie to you…

It hurts taking a loss…

Even if it’s just a losing trade.

But how would you feel when your stop loss order got hit, and the price went against you even more?

Except…

You’re not there to take the hit.

You feel relieved, right?

Not only do you free up space on your portfolio early to look for better trading opportunities.

But you also prevented a huge potential loss.

Can you see why this is important?

That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.

It's impossible to beat the scammers at their own game.

When you report 1, another 3 comes up.

Anyway...

I'll never ask you for money.

I'll never ask to manage your money.

I'll never DM you.

Stay safe!

Trading is the best game in the world.

Millions of players.
No discrimination.
No table limits.
Insane money.
Insane losses.
24 hours.

Good luck!

Mean reversion Trading Strategy That Works (86.84% Winning Rate)

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The more inefficient the market, the easier it is to trade.

But how do you tell when the market is inefficient?

One way is to spot how fast the price reacts to the news.

For the major currencies, the news affects the price instantaneously. You get 1 big spike and that’s it, the price goes back to “normal”.

What about the crypto markets?

You can have Elon Musk tweeting about Dogecoin and it can go up higher for the next 3 hours—that’s an inefficient market (kinda like how you do something wrong and your wife is angry with you for 3 hours.)

So, how is an inefficient market easier to trade?

You get chopped up less often, breakout trades work better, and false break setups are more reliable.

(Unfortunately, an inefficient wife isn’t easier to deal with!)

Essential Forex Indicators (Make Your Life Easy)

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No matter how confident you are, you must always respect risk.

Or else, you’re just one trade from losing it all.

Best Stock Trading Books (Must Read)

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[Do you really need both Stochastic indicator & RSI?]

Well, they are similar but different.

I’ll explain…

The stochastic indicator and RSI are similar because they are both momentum oscillators.

In other words, they measure momentum in the market and their values range between 0 and 100.

But how are they different?

Well, the calculations that go into the stochastic indicator and the RSI indicator are different.

However, they use the same concept which is to measure momentum.

Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).

So, the bottom line is this…

If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.

Exponential Moving Average Strategy Guide

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As a trader, you have to be willing to lose money to make money.

Bullish Candlestick Patterns Strategy Guide

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