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adaseb
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Postby adaseb » Wed Nov 17, 2010 7:02 pm

no, they are like months old. Check the last posts date.

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xtremeforex
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Postby xtremeforex » Wed Nov 17, 2010 7:54 pm

There is something wrong with the forum.

Every post/thread says it was posted today.

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adaseb
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Postby adaseb » Wed Nov 17, 2010 8:58 pm

maybe its because you haven't logged in a year.

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genlogins
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Postby genlogins » Wed Nov 17, 2010 10:41 pm

Xtremeforex thanks.

In your opinion should one with a big drawdown keep with the demos?

and why?
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xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 12:00 am

Keep with the draw-down so you can learn how to be profitable while you're in it.

Personally, I think most trading ocurs whilst in some form of draw-down because of the initial spread on each trade, so it should be expected that draw-down, whether it be big or small is inevitable. I know there is a tendency and natural compulsion to always wait to be in positive before entering another trade as supposedly a way to maintain risk. The thing is, the price does not know you're in draw-down, so why wait for price to be out of draw-down? Waiting to get out of draw-down can be unrealistically time-consuming and a waste of time making many forfeit excellent opportunities that occur on the way.

If the future is unpredictable, ask yourself is there ever really an entry rule?

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xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 12:03 am

Most of my best experiences in demo have been not when I was profitable, but when I was able to learn how to deplete draw-down when it occurs, because it WILL occur. There is no getting away from it.

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es/pip
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Postby es/pip » Thu Nov 18, 2010 3:26 am

this has been mentioned 100 times before

but

demo is a waste of time. Practically no one has the discipline to treat a demo account they same EXACT way they would a live account.

You will not learn anything emotionally trading in demo.

Trade at a penny a pip, but do not trade in demo.

it is an utter waste of time
Bend over and assume the position for another 4 years of hope and change.

xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 4:24 am

So you would rather learn/test high-risk strategies in a live-account. That does not seem like good risk management to me. To say demo experience is worthless is irresponsible and risky trading.

There's a time and place for everything.

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es/pip
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Postby es/pip » Thu Nov 18, 2010 4:30 am

xtremeforex wrote:So you would rather learn/test high-risk strategies in a live-account. That does not seem like good risk management to me. To say demo experience is worthless is irresponsible and risky trading.

There's a time and place for everything.


lol

i guess we will just have to agree to disagree

you show me just 1 person that can trade demo and get the emotional effect of real money and i will give you a pip

so you are saying it is better to trade demo because it is a high risk system, and then just jump into live expecting the same results because you were able to accomplish it in demo?

demo is worthless, it gives you a false sense of security and therefore that just adds yet another thing you have to overcome when you go live

why not just trade at a penny a pip and get the emotional lessons at the same time ?

makes no sense not to

"To say demo experience is worthless is irresponsible and risky trading. "

hardly
Bend over and assume the position for another 4 years of hope and change.

xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 5:17 am

I find it comedic that you suggest demo trading experience is worthless when I could bet money that when you started, you started with demo yourself. I doubt you jumped into live-trading the minute you decided to join forex. Therefore, suggesting others not to demo is hypocritical.

Of course emotional aspects are different in live, but they don't mean anything either if you don't learn to trade first. Emotions/Psychology is one of the last steps to conquer when learning this market, not the first.

Additionally, I don't trade manually. I design bots that trade for me which I test under demo first. A bot does not know the difference between demo and live. This is how I manage psychology, because I am aware that the bot will stick to the plan consistently and is much faster to react to given conditions, to develop/test a bot or manual strategy on live is like testing an aircraft prototype when it first comes out of the hangar with 295 people.

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