In the past few weeks I have spent a lot of time reading a lot of the threads on this board, and let me tell you there are some really great systems and approaches discussed here by some very knowledgeable people and most of them can make money. What happens though with most people is that they seem to chase after the latest and greatest trading strategy, do not take the time to really hone 1 or prefferably 2 systems, focus on too many pairs, and do not want to put in the time to really learn; if it can not be turned into an ea they don't want to invest the time into it.
Well the truth is if you are going to make money doing this you have to put in the time to thoroughly research and hone your system - make it your own, in fact my strategies combine a couple of different strategies and they work for me, not sure they would work for anyone else at this point because so much of this relies on the trader and NOT on the system.
Demo Trading: great for testing a strategy, lousy as a benchmark for trading success. If you really want to figure out if you can make money as a trader trade a micro/mini account and after you gain some real confidence in yourself and your system then put some real money behind it. Demo trading does not build real confidence in yourself, because in many cases that is what we are really dealing with.
Well the truth is if you are going to make money doing this you have to put in the time to thoroughly research and hone your system - make it your own, in fact my strategies combine a couple of different strategies and they work for me, not sure they would work for anyone else at this point because so much of this relies on the trader and NOT on the system.
Demo Trading: great for testing a strategy, lousy as a benchmark for trading success. If you really want to figure out if you can make money as a trader trade a micro/mini account and after you gain some real confidence in yourself and your system then put some real money behind it. Demo trading does not build real confidence in yourself, because in many cases that is what we are really dealing with.