In this video we will show you how to demo trade the smart way. Too many new traders use a demo trading account the wrong way, wasting months of time without ever improving. So, make sure that you demo trade the corret way. Which is what we help with in this video.
The goal of demo trading is to simulate live trading as close to reality as possible. Which means you need to simulate the three CORE skills of trading:
- Mastering a trading strategy so you take the right trades at the right time.
- Mastering money and risk management so you never blow your account.
- Mastering your trading psychology so you can trade with confidence.
In this video we show you a step-by-step approach to demo trading the right way, so that you can spend your time mastering the three core skills, and end your demo trading ready to go live.
Are you demo trading the right way?
Are you already demo trading properly? Do you have any other steps you think are important to take when demo trading? If you do, let me know below :)
Paul Thomas
Hi Nick,
Just wanted to say what a fantastic video this is. Keep it up mate
regards
Paul
Nick
Thanks!
Louise
Thanks this is really helpful
Nick
Glad you found it useful!
Norman Manzon
Thank you, Nick for the demo trading video. Good advice.
I think it would be very helpful if you give your opinion on backtesting before demo testing, and how to coordinate the two.
Thank you,
Norm
Nick
You do not need to back test, your first lot of data should be gathered by forward testing as described in the video. You can then back test on the data you collected by forward testing.
Victor
What is a good platform to demo trade on?
Nick
There are a lot of good platforms these days cTrader, Tradingview, even MT5 is decent.