Is paper trading worth to do before actaully trading real funds? I would say yes it’s a great way to get started.Paper trading is great to test out strategies as well. The only thing wrong with this is that if you start making money on a demo account it doesn’t mean you will make money in a live account.The reason behind this is that when you’re a demo trader you have no emotions at all compare to when you have hard earned money in your live account.Thinking of it like this you can read all you want on how to ride a bike from there you will have an idea on how to do it. This does’t mean that when you do get on the bike you will be an expert.At this point when you start practicing is when you will really start to get expierence. Another great example is when you’re going to get your drivers license. You usually start by going to driving school to learn about what you will do on the road.Once you have been in class for a while you then start getting on the road and that’s when you actually start getting real experience.When you’re on the road this when you get a different feeling being behind the wheel compared to what you were doing in the classroom.At this point you start to learn how to get on the highway, how to park, and all around how to actually drive. At this point it all comes down to how you handle yourself behind that wheel.For example you may have someone with 5 years of experience that drives better than someone with 15 years of experience. Why is that? Well it could be emotional factor in which they are never calm and always scared to drive not allowing them to unlock full potiental. Compared to the guy that is always calm and always driving.This all corrolates to trading because you requires a few moving parts but it all comes down to emotion. So I would say demo trading is good only to test out strategies.I wouldn’t recommend demo trading for too long.
Quote: “I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse Livermore
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Quote: “I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse Livermore
Trader essential from Amazon
1. amzn.to/2Vn1xG0 -Tylenol Extra Strength Rapid Release (LOL)
2. amzn.to/2VTvHzW -Encyclopedia of Chart Patterns
3. amzn.to/2PTJ7a0 -Apple MacBook Pro
4. amzn.to/2HaZGeR -OLLY Goodbye Stress Gummy,
5. amzn.to/2weNofb - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US
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