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Simulated Trading with a Mentor |
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Once you feel comfortable with the eCourse material and general concepts, it's now time for the real learning to begin. Paper Trading is the time that you really start to figure out the nuts and bolts of trading.
Included in the cost of the lifetime membership is an initial 5 weeks free in the On-line Live Trading Rooms for your mentorship. You will start your paper trading in the 24/5 Live Trading Room, where they concentrate on the signal development and will answer any of those many questions you will have. For the last 3 weeks of the initial free access you will be able to also access our Pro Trading Room. This is where you'll be able to test the waters and learn more advanced techniques like scalping and trailing stops.
Simulated trading almost operates like the real thing, giving you real fills in real time in the real market with real reports. Since no actual money is at risk, you are free to hone your skills and have fun as you gain total mastery and unshakable confidence in the TIMES method. All your previous instruction comes together here as you conquer signal after signal. Once you achieve 15 out of 20 profitable days of successful trading in simulation, you are ready to graduate to the live market trading real capital.
When you start paper trading it's the perfect time for you to formulate your own personal trading plan. You need to start thinking about the following questions....
When am I going to trade and for how long??
Traders International now provides more choices for our members with access to the Live Trading Rooms for around 21 hours / day Mon-Fri.
What am I going to start out trading and what will I progress to?
Traders International recommends starting out with the S&P 500 then moving onto the more volatile Russell 2000. Trading is very personal though and everyone has their own preferences.
What are my personal goals when it comes to Trading?
Everyone's motives are different when it comes to trading. You may be wanting to Retire and create a cashflow or you may have dreams of conquering the world as the world's best trader...
Either way it's best to write down you motives so that you can measure your success.
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