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From paper money to real money?

  #7 (permalink)

Houston, TX
Trading Experience: Intermediate
Platform: TOS, Ninja, Tradestation
Favorite Futures: US Stock index futures
Skidboot's Avatar
Posts: 153 since Dec 2010
Thanks: 125 given, 200 received

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How long did it take you to switch from trading paper money to trading real money? Some say that one should trade paper for at least three months. Most brokers (systems) limit demo to two weeks. There is a possibility to continue but how long will they allow one to keep doing so?

One also hears that it takes 9 years to become a professional trader and that every pro lost an initial deposit at least once, so it makes sense to trade with an amount that one is okay to lose. Thoughts, ideas, suggestions, and philosophies are all welcome!

Paper money is only to learn to use a trading software. Dont waste valuable time playing with useless paper money. Trade real money if you want to become a trader. If you are afraid of losing you are not there yet. Only way to get out of that fear of losing is by losing. Do not even get into this business unless you have enough money to lose.

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