Saturday 12 June, 2010

Before going demo to live account

Shifting from demo to live A/C is not an issue. But hasty decision may mar our account so before shifting please understand what we gonna need. For the following questions if u able to answer decisively, one can go ahead but if feeble YES or NO exist, just stay away and learn the tricks before you reenter. Because these things define you life....

  •  Have you tried trading different time frames?
  • Have you experimented with trading different styles?
  • Have you been trading on a regular basis for six months or longer?
  • Can you properly rationalize each trade you take?
  • Are your winning trades outweighing your losing trades over a long term?
  • Do you have a process for recording and reviewing your trades to improve performance?
  • Have you made adjustments in your trading system after becoming discontent with the outcome?
  • Are your winning trades outweighing your losing trades over a long term?

Of all forms of caution, caution in trading business is perhaps the most fatal to true happiness.
                                                            -- Ajith Bsc MBA









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