| If you have selected a suitable forex trading platform | | | | you are a veteran trader, you can get back to |
| based on the 6 point Criteria and have proceeded to | | | | simulated trades to re-condition your mind when you hit |
| fund your account with the broker, what's next? | | | | a bad patch in your trades. It will do wonders to frayed |
| Should you spend time paper trading or do you start to | | | | nerves for a stressed-out trader who needs some |
| trade immediately? | | | | re-conditioning to get back to top flight as a trader. |
| At this moment of time, it would be necessary for you | | | | Where do you get these winning trading systems to |
| to have a clear-cut strategy or a development plan on | | | | paper trade? There is no short cut here. Either you |
| your new found "career" in forex trading. Make no | | | | develop them or you learn them from more |
| mistake, forex trading can be your permanent long | | | | experienced traders who are willing to share their |
| term source of income. Treating it as a kid's game | | | | winning trading setups with you, or buy them off some |
| where there is no necessity to preserve capital or to | | | | trading vendors. As a beginner, developing them |
| create gains is going to bring you to ruins in a short | | | | yourself is out of the question and if you go that way, |
| time. On the contrary, if you approach forex trading | | | | be prepared for a long learning period and also to pay |
| with some commonsense and with the idea of | | | | for your losses learning along the way. |
| personal wealth creation, and for some, an online | | | | An easier solution is to find a mentor, and learn from |
| career or your permanent work from home | | | | him. This can be a paid solution where you engage the |
| occupation, then you have made a good start. | | | | services of a professional trader who will look over |
| Now, trading is very much a mind's game.There must | | | | your shoulders and see you through the trades as you |
| be a conditioning of the mind to recognise the real | | | | "clone" his techniques. Or it can be learning from a |
| power of forex trading to give gigantic gains and to | | | | course of trading, or even from a friend who is a |
| cause massive losses.There is this need to master the | | | | successful trader. Always learn from the best. |
| emotions to pull the trigger to trade when you have a | | | | When will you stop paper trading and start real |
| nice trade setup going for you with potential good | | | | trading? |
| gains. There is also this real need to know how | | | | Continue to paper trade till you achieve a consistent |
| important it is to really pull the trigger to terminate a | | | | winning position where you get a good winning to |
| trade when it is going against the direction of your | | | | losing trade ratio. Once you reach that stage, you are |
| projection, to cut your losses short and be out of a | | | | ready to take the plunge and to start to trade for real |
| losing trade. | | | | with your own money. |
| To this end, I always recommend to novice traders to | | | | What have we gained by walking this route? |
| spend time to study powerful trading setups | | | | Firstly, you have spent time to master the trading |
| developed by professional forex traders and to run | | | | setups. |
| them through the "simulation lab"...to "paper trade" these | | | | Secondly, you have spent time to master your |
| setups, until they get into winning positions consistently. | | | | mindset, and to master your self to pull the trigger. |
| This period of paper trading will allow them to get | | | | You have now become a potential "dangerous" trader |
| really familar with the various trading positions of | | | | who can trade on your own for gigantic profits. You |
| prospective profit potential and losses, conditioning | | | | have now become a real forex trading machine! |
| them to an almost real life trading environment. Even if | | | | |