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- W1540732009 abstract "Many traders start with too much money and leverage and quickly get caught in drawdowns. There is a better way that persons with various degrees of available trading capital can use. This chapter provides guidance on the essential ways of getting started and achieving adequate preparation. One of the most useful tools to prepare for forex trading is the demo or simulated account. Forex trading begins with building fundamental and technical knowledge, testing skills without risk, and then applying those skills in real accounts with varying amounts of risk and capital. Training and simulation, when applied correctly under a well-planned sequence of instruction, work very well. The chapter discusses the usage of the simulated or virtual account. It presents 10 key principles to guide the beginning experiences of forex trading. The chapter highlights that simulation and real trading need to occur in a context of principles that guide the trader." @default.
- W1540732009 created "2016-06-24" @default.
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- W1540732009 date "2015-06-15" @default.
- W1540732009 modified "2023-10-17" @default.
- W1540732009 title "Transitioning to Real Trading" @default.
- W1540732009 doi "https://doi.org/10.1002/9781119002765.ch16" @default.
- W1540732009 hasPublicationYear "2015" @default.
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