Things To Note When Practicing Trading
You can not improve trading if not through the practice. Not only the newbie, but even the high players also practice. Instead of risking real money with your school using an unclear method, use a demo for testing. Exercise is not risky (mainly demo), but to really be effective you should note the following:
1. Observe all the principles of the war
Practice with demo is quite boring because there is no risk, making the training process is relatively bland. For that reason, sometimes we break the discipline to create some excitement like hand-to-hand, irregular instruction, etc. All these actions have absolutely no financial impact. , so we do not mind doing anything.
However, the unpredictable consequences lie behind these actions. You are in the process of training, all you do will affect the trading process later. These lack of discipline will create a habit when you touch real money. When the market becomes boring (eg sideways, no signal, …) you will be able to hand all.
2. Practice long enough to see the results
If you enter 3 commands, all three win, and you think it’s time for war, then that could be a mistake.
Firstly, according to the theory of probability, with the number of short trade, the results do not say anything. You may even be lucky to win 10 trade even more. While the actual winning rate is much lower.
Do not rush to practice when you have not trade demo long enough, sweat training, the battlefield less bloodshed.
3. Do not stop updating knowledge, theory
Practice is practice. Is the process of transforming learned theory into action. The theory is definitely drier and less interesting than practice. But do not ever stop updating your knowledge. The more read you read, the more knowledge you have to put into practice, the more you make, the more successful you will be in the war.
Happy Trading
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