When Learning To Trade, Be Careful You Don’t Become A Simulator Junkie
Learning to trade, whether it is stocks, options, ETF’s, or even Trading Futures, no matter if you intend to day trade or are thinking about night trading, you must first become a “Master Paper Trader”. So exactly what is an Master Paper Trader and how long does it take to become one? You alone can answer that question when you discover something about yourself.
So often novice traders believe that they can just download a trading platform and start trading with cash, as if they knew the subject of trading futures for the last 20 years browser games. Does a carpenter build a staircase the first time he works with wood? Does a surgeon begin cutting right out of medical school? Does a piano player play Beethoven’s 5th symphony just after learning chopsticks? Yet somehow these endeavors do not equate with trading. With trading – anyone can be a Master Chart Technician as soon as they open up their newly bought software. Forget the education…full speed ahead. And that is why over 80% of day traders lose their shirts and give up trading for a living.