Demo Account Trading

[Demo Account Trading]

The only thing a demo account is good for is learning the platform. And maybe checking out your new system for a short period of time. Just about everyone who stays on sim for more than 2-4 weeks never learns to trade well.

Suggestion just trade FX with a mirco mini account. Hard to hurt yourself but real money on the line.

 

I must respectfully disagree. I started with NinjaTrader (live data feed / SIM trading account) 3+ years ago, have traded live - several times - but primarily stayed in SIM for the express purpose of honing my skills & fine-tuning my indicators & have gotten exponentially better with time. Looking back, there is almost NO comparison to where I am now, as to where I was then. I feel like I've travelled light-years since beginning this journey. I HAVE, however, spoken with several people who did exactly that - opened an account, practiced for a month or so, went live & blew their account(s), some, repeatedly! Anyone who thinks they can go into a bookstore, buy a book on Tennis & go out and win a tournament after 2 - 4 weeks practice, needs to rethink that! Enthusiasm will only carry you so far. ANY subject matter, on average, takes approximately 10,000 hours practice at which to become proficient. Piano, tennis, you name it, can't be mastered in 2 - 4 weeks. Just my 2 cents.

['Global Debt is a Holocaust Waiting to Happen.’]

I think he meant Armageddon, holocaust is far too tame. I am all for colorful language but perhaps not in headlines (if you want to be taken seriously).

Exactly. My other 1/2 was in the newspaper biz for years. Headlines like that are what get peoples' attention. That technique worked again!

 

My point was, there were deaths in '29 also in the most recent crash. Not on the scale of a 'holocaust' or 'armageddon' (I was being funny!) There may be more in the likely, upcoming 2nd wave, I would imagine, unless people are 'different' now than they've been before. People feel they just can't go on since they've lost everything. How untrue. Always sad to see when people end their lives based on the loss of a 'thing'.

 

I DO think we need to start practicing some of those principles that Grandma & Grandpa tried to teach us. Only spend what you need to. Only buy those things that are necessary. Save for the day when things aren't as rosy as they are right now (even though right now may not be so rosy)! Cut up your credit cards. Or, if you use them, pay them off at the end of every month. Live within your means. Don't be too greedy. Everybody can't have the entire pie! Learn to share what you have with others so that you can keep that 'channel ' open so you can continue to receive.

 

You know, common sense stuff. Doesn't seem to be too much of that wanderin' around these days.

['Global Debt is a Holocaust Waiting to Happen.’]

From the Merriam-Webster Dictionary

Main Entry: ho·lo·caust

Pronunciation: \ˈhō-lə-ˌkȯst, ˈhä- also -ˌkäst or ˈhȯ-lə-kȯst\

Function: noun

Etymology: Middle English, from Late Latin holocaustum, from Greek holokauston, from neuter of holokaustos burnt whole, from hol- + kaustos burnt, from kaiein to burn — more at caustic

Date: 13th century

1 : a sacrifice consumed by fire

2 : a thorough destruction involving extensive loss of life especially through fire <a nuclear holocaust>

3 a often capitalized : the mass slaughter of European civilians and especially Jews by the Nazis during World War II —usually used with the b : a mass slaughter of people; especially : genocide

 

 

I find that using the word Holocaust is totaly out of line since a financial calamaty has nothing to do with loss of life.

 

Gabe

It did in 1929! History often repeats itself.