Actively trading an account during these 3 months is also crucial for your training period. Whilst backtesting has its own important role, forward testing is just as important. Some tips for your demo trading adventure:
• Do it alongside backtesting, but do it smart. Decide on the H4 or Daily chart, pick as many assets as you need and spend no more than 30 minutes per day doing it.
• On the H4 chart, you just need to check for A+ entries 2 or 3 times a day for 10 minutes, whilst on the D chart you can just do it once in the morning and be done with it.
• Put together, Steps 2 and 3 should not take more than 1.5 hours a day if you follow this roadmap. You can enjoy the rest of your day and don’t worry about the charts.
• It is CRUCIAL that you perform your demo trading with a REGULATED broker, so that you work with the real price feed and not the bs feed that prop firms provide.
• Also, using a regulated broker for your demo training will ensure you will take into account real market conditions such as spreads, slippage, commissions, swaps.
• When demo trading, make sure you pick the best setups according to the concepts in the PDF in order to get an accurate picture of your potential future trading results.
• Do not hesitate to use pending orders – limit or stop – on the broker’s platform after your daily scan for setups. This way you will remove emotions and FOMO.
• Build a TradingView watchlist with at least 30 instruments that you can scan every day. Choose from 28 FX pairs, indices, metals, commodities, or even stocks.
• By having a large and diverse watchlist, you won’t need to force trades on just one or two instruments. Just pick the absolute best setup(s) – Easy Money Trades.
• If you choose to open your demo account with my preferred broker, remember it’s completely free and you should go with a Raw Spreads account for the best spreads.