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Originally Posted by Soul-Trader2004
Stage two seems to take forever doesnt it
The only advice i can tell anyone about stage two is to trade small.
My stage two cost me about £3000 - and that was on 10 pence a pip!
I found that my time trading demo was next to useless and in no way prepared me for trading so although demo trading is good for system testing its no use at all in training you to trade.
Open an oanda account with a small amount of capital, say $500 and trade at 5:1 maximum and pref lower until you show consistant profit - dont watch the money, watch the pips. Pips will take care of the money.
You'll be in stage two for ages and ages most likely, there are no shortcuts and no replacement for time.
One day stage 3 will happen - and it really does happen in just one day but you may not recognise it for a week.
Good luck on your journey  |
SoulTrader - is it just the psychology of using paper money verses the real thing that makes you say demo accounts don't really prepare you for trading? Just curious 'bout that one since my demos expiring and I'm gonna have to jump one way or the other. Thanks
And Bobnat - your scaffolding post was right on target -
Thanks