I recently mentioned that I have decided to delve into the exciting world of currency trading in order to hopefully someday supercharge my income and thus, consequently, my dividend snowball. My original plan was to trade with fake “paper money” for a few months before going live in order to test out my strategy. However, after 3 weeks of fake trading, I have decided to take the jump and go live immediately.
Why? Well, the reason is quite simple. As nice as demo trading is, it simply cannot capture the psychological aspect that comes into play when you are putting real money on the line. With demo trading, the risk is effectively null, which means that it is much easier to deviate from your strategy, take trades that you normally wouldn’t, and shoulder way more risk than you would on live. As such, I will now start trading with real money, albeit with a small amount at first. That way, if I fuck shit up completely, I won’t be ruining myself.
I am starting off with…Continue Reading →