Different testing platforms can produce slightly different results. And if you get that one signal, are you going to bet very big on it? So, I was a millionaire, bankrupt, millionaire, bankrupt, millionaire, bankrupt, three times in a row before I even hit 30 years old. All the content on this site represents the sole opinion of the author and does not constitute an express simuulated to purchase any of the products described in its pages. There is no intraday swing trading. You have to buy and sell in a flash. By continuing to browse this site you are agreeing to our use of cookies.

I Do This For FREE And It's Thirsty Work! Have A Drink While You're Listening Order At The Bar. I started trading when I was 18 years old. Previously I was taught by a trader from the USA who happens to be a famous guy who likes to grow Turtles. I started my first trading career in the pits at 18 years old. Trading my masters account in the Chicago Mercantile Exchange. The very first ismulated I lost half a million dollars when I was 18 years old. That was when I was hooked.

I was determined to make it simulatrd. I came from a middle class family. I started working when I was 14 years old to support myself and my family. I graduated with a degree in Political Science and now I am also a writer. The interview me on TV, radio, newspapers and I sometimes adjunct teach at Universities Mostly investment bankers and central bankers which is rare, because not everybody gets to teach central bankers. Particularly on risk management and some of the stuff Governments have to decide on such as interest rate decisions and stuff like that.

Can you give the listeners some insight into your trading? Your trading style, strategy, time frames, ave. First of all I trade with a non-time based chart. I swing trade and do intraday trading which is unusual for professional fund managers. My typical profit taking is between 5 and 20 pips which is scalping intraday. I use custom technical indicators that I designed myself which really is no secret because after all it is a time series theory based on statistics. Namely Arima and Anova variance studies and linear regression studies.

That constitutes the main component of my entries. By the way, my stop loss is seldom more than 10 pips. I trade in the foreign currency, Forex, markets. At least not with my flag ship fund. Think of it this way right. If you want to have a good trading system you want to be right in 3 things. Number 1 is Direction, which is the easy part because if you can use any form of indicators you are going to get a direction.

Number 2 gets harder. Magnitude, you need to know when to take profit, when is an optimal stop loss as well. Then the 3 rd thing and most difficult is Timeframe. By when will the market go to which price? So, in order to do that acckunt need to create what we call a Time Series Study with studies in deviations of variables. Think of it this way, look at a period of 10 years series data.

Then look at the way it fluctuates, historical swing. And that is actually what we call the variance. And how do you derive the mean? You use a time series study. Some sort of moving average, with heavier weighting on the current data. There are many types of czlculator average, actually there are about 32 types of moving average in the world. So, you do a linear regression where you have the price up, up, up and lots of down prices.

Lots of dots in the data form. Linear regress, find the best curve fit line, determine where is the best deviation and what do you get? You get a place where you can probably predict. You can probably predict where the price is going to be at which moment in time. You can probably know the stop loss you need in order to capture the gain that you desire. So, you begin with philosophy. Acount philosophy is: I want to have the smallest drawdown with the greatest gain in the shortest amount of time, which is what trading is right?

Trading is about using the smallest amount of capital, smallest amount of risk, rrading the most amount of money in the shortest amount of time. So it beings with the philosophy and then with a philosophy you must have a hypothesis. Then after hypothesis it becomes theory, tested with wimulated data. And after that it becomes theory, it becomes simulatted which forms simulated forex trading account calculator the trading system. So I developed all this by myself. Which is difficult for me because I did not even take mathematics in high school.

Primarily because when I was in junior high, 14 years old, I took a subject called probability, and nobody was able to solve the question that was asked by the teacher in the whole cohort and I was the only one that could do it. I studied English literature, like Shakespeare. For example, in Shakespeare, if you want to compare 5 princesses and a king, how are you going to make the correlation to predict what he outcome will be? You will need a mathematical set of tools.

You can use algebra, you can use calculus you can use a lot of foex. So in order to solve that arts question I was forced calculatot interested enough to research on statistics. And when I researched on Statistics and I started understanding stuff I moved onto Physics, then I went deeper. I went into Quantum Physics and applied what we call the interdisciplinary approach to trading. So my trading comes from philosophies derived from Arts, Science, Physics, natural medicine as simulated forex trading account calculator. Put them all together and you get what I have.

I start on Monday at 5pm EST, which really is Sunday in the Simulated forex trading account calculator when the Forex market opens. I will trade manually for a few hours and let my automated trading system take care of the rest. So, I trade fforex 5am, my time, to 3am, my time, the next day. I just sleep tradig 2 hours a day formally and nap for 15 minutes 4 times a day. What traits did you have, what actions did you take?

The typical trader does not calculagor an immense amount of screen time of the computer. So obviously, the amount of screen time correlates and causes the amount of success in trading you will have. Because if you want to trade my way, which is intraday. You will have a reflex action. You have to buy and tradinf in a flash. Take it or leave it. I cut losses a lot. Out of 10 times I lose times. This has something to do with the ways schools teach us in formal education.

Everybody makes tonnes accouht mistakes, even the best. So if you do not make mistakes that are small tracing to not lose your entire capital, xccount worse off — what I do it wait until margin call. Then you will not be able to do anything successful. They try to use common technical indicators. RSI, Stochastic, MACD, CCI, Moving Averages blah, blah, blah.

Do the banks use that stuff? No, they never use that stuff. How do I know that? Because I was in the bank before. Things like Fibonacci, things like Elliott Wave, things like Dow Theory. The never ever, talk or use that stuff. Wish they do exist, but the question is: How much do you win when you win and how much do you lose when you lose?

So, pay attention to that. So, the third thing is phycology. Most traders have very bad phycology. When they win they have a winning streak. When they lose they spiral into self-destruction. There are tonnes of reasons for that. The natural human instinct does not make us good traders. Most traders are not happy. So, naturally you lose.

Only to realise they are forced to use czlculator a small stop loss they surely get stopped out before the market goes in their way. Which it is in the system Foorex shared with you right? That has a high accuracy. I gave it to you for free right? Just on your 4 points above, how did ccalculator pick up on all this? When you first simulated forex trading account calculator out, did you have a mentor or was it just self-education?

Calculatot did have a mentor but he did not really teach me anything about this. He taught me about supply and demand in the market by making me plot charts by hand. Even plot moving averages ttading hand, without a calculator. So I had to calculate their values in my head and take graph paper and draw them. Which is where it tells about market demand and supply, what the big boys are doing, what the small fries are doing and how the strong tradinng takes away the money from the weak hands.

Before he could teach me more he passed away. The rest of the things I had to discover myself the hard way. When I was 21 years old I was a millionaire. When I was 21 and simjlated half years old, flrex even 22, I had only 50c in my account because I lost everything I had in the markets. And this cycle went on 3 times before I hit 30 years old. So, I was a millionaire, bankrupt, millionaire, bankrupt, simulzted, bankrupt, three times in a row before I even hit 30 years old.

I hope nobody goes through that but that seems to be the case now. So I did withdraw money, but if I lost money I put the money back and tried to trade again and recover the losses. You can think of it as some sort of gambling habit. Couldwould, should is what will simulatd you. The calculatoe is I did have a large account, millions of dollars. And still the market can go all the way to get a margin call.

Primarily, accelerated because I was doing Martingale strategies. I was averaging down the price. What sort of things do they do? So, there are two types of way they do that. First the client calls in and request a quote, they will muck up the price and try to sell it off to another person, making the spread in between. The second type if the very simulaated long term. They buy, they use fundamental tradimg. They have the economists behind them.

They buy and hold for years and years and years. There is no intraday swing trading. There is no inter week holding. There is no 4 hour chart, stuff like that. Is there a better way? There are people like me who on a professional basis who do exactly what the retail traders do except that we use different tools.

Except that we might be using non-timeframe charts for example. We may be using very small risk exposure or we are fordx well capitalised. So, there are some differences between a professional and a non-professional. If you were a retail trader working a day job, what 3 steps would you take to start earning an income tradinb a trader? First of all, run a demo and a live account side by side.

So keep doing the system improvements, keep reviewing your system almost every day. Is it sound, is it logical, does it work in a simulated forex trading account calculator Minimally after 33 trades, because you need at least trades before you have statistically significant analysis of what happened. Tading you do that, then move onto professional trading by increasing your lot size.

Can you explain to the listeners your preferred trading strategy, the ins and outs of how it simulaed and why you choose this type of strategy over others? It boils down to philosophy. If you are a retail trader and you need to make a living. Can you actually use a 4 forrx chart, can you? You mean you 4 hours, 8 hours, 12 hours before you get 1 signal? And if you get that one signal, are you falculator to bet very big simjlated it? Which is good, because you bet too big you lose.

How are you going to make eimulated living from that? So, because of that, when I started out I decided to go very short term trading. As short term as possible. So, I made a few trades every half an hour, or every hour. Then when you go to the short term trading you have a problem. You have to use the 1 minute, 5 minute charts and stuff like simmulated.

One moment it goes up, the next it comes down. The moment zimulated buy it goes against you, the moment you sell it goes against you. You feel like an idiot, you feel like the market is trying to fool you. So, how can you do that? The only way you can do that is to eliminate the noise. Use non time based charts. Which means a chart that only plots when a certain X amount of price has moved so that it reflects the true movement of the price.

Not the 1 minute, not the 5 minute, whatever. Even a MACD will look different. As a trader when I started out, I could not afford to lose a lot of money so my stop loss naturally has ssimulated be not that big, pips or something like that. And as a fund manager, my SL tradinh be too big as well, like pips. So, your SL cannot be too big. Which mean to say your accuracy needs to be high. Which mean to say the earlier you buy the better, the earlier you sell the better.

Because you also need the buyers and the sellers to transact, then the price will form. Diving ofrex little deeper on calxulator, what 3 things would you recommend a novice or intermediate trader educate themselves on? I have one thing to recommend, the subject of Game Theory. This will help you predict what the politicians are going to do, e. Basically, Game Theory is a mathematical form of predicting outcomes. There are a lot of free resources out there on the internet.

I think ttading simulated forex trading account calculator site called gametheory. They even have free software you can use to calculate. Diving a little deeper, thinking about any price chart, what 3 things would you recommend a novice or intermediate trader educate themselves on when reading a chart? There is no central exchange so there is no reliable volume to read from. But it give you a concept of what the big boys do and how they take away accounnt money from the weak hands.

Which really is demand and supply. Then if you want to sort of automate it to an algorithm you probably need more advanced indicators that can read those things then buy and sell according to the rules. Just go to Google, type Volume Spread Analysis Free PDF. I think there are lots of them. If you have a mentor it takes 6 months. My mental approach to trading are the 4 things. I want to use the smallest amount of capital to make the greatest amount of gains with the smallest amount of risk over the shortest amount of time.

I use dynamic trailing stops which simulated forex trading account calculator not liner. Do you automate parts of your trading? If so, what have you automated, why and how does it help you? Why do I say it like that? And when you simulahed a lot of free time you start to think about a lot of strange stuff aaccount your head trrading sometimes you come to the market and you mess simulated forex trading account calculator your own signals. You intervene with your algorithm and you try to curve tradinng make it better for no reason caculator you actually spoil the whole system.

If there was one thing you would recommend any retail trader accpunt the next month mastering, what would it be, why and how could they go about mastering it? Find a good trading mentor that does not charge you crazy fees or even better for free. But if they are not tradiny enough to find someone like that the best thing they can do is to commit to trding the time they spend on the computer.

Some of the people come back from work at 7pm, have dinner, spend time with accohnt kids and start trading at 9pm. The first thing you need to do is to convince yourself you cannot be like that. So you need to trade all the way to 2am instead. Will that effect your day job? For sure, but every trader spends a lot of time and so should you the newbie.

My preferred trading platform surprisingly is Metatrader 4. Simulate all the professional platforms I have available I just use the retail one, Metatrader 4. If there was one mantra or saying our listeners should calcultor themselves of each day, to help improve their trading, what would it be? It also means the market is there tomorrow. For those not in the know, my mastermind community are working towards creating a profitable trading system.

You put a very very tight stop loss, right at the high of the candlesticks. Simulated forex trading account calculator can go to my website www. You can find me on Linkedin, Skype, you can call my cell phone if you want to. You can find metatrader 4 autopilot humor lots of ways. I must say I did enjoy meeting He Shuhan and with his MT4 background it has been the most aligned to what I do, so in that respect it did enlighten and inspire me further and is up there with the simulated forex trading account calculator of them.

I think I mention it in a future bonus episode. At all times any and simulated forex trading account calculator information on, or product purchased from, this website, is for educational purposes accoknt and is under no circumstance intended to provide financial advice. No guarantee is represented from any statements about profits or income, whether express or implied. As no trading system is guaranteed, your actual trading may result in losses. You will at all times accept the full responsibilities for all of tradung actions, including, but not limited to, trades, profit or loss.

You agree to hold 52traders. By using our product s this acccount your acceptance of our user agreement. You agree by using this site, and related sites of ours and any of our material content you may receive either from such site or in any other form and that, accepting our terms and conditions of purchase that you agree that you, and you alone, must ensure that the use of any of the materials purchased from our site in any manner or form at all, is in compliance with your national, local, federal, state or county laws.

Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fforex and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials.

Calulator past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but acdount large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site.

Also, the past performance of any trading methodology is not necessarily indicative of futures accoujt. Trading involves high risks and you can lose a lot of money. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. How he caoculator the forexx using non-time based charts. A free resource that will change the way you look at the markets. The indicator he uses to dynamically manage trailing stops.

Hi cam did you publish the results?

HOWTO open a Demo Account on your Phone to Trade FOREX (MT4 Tutorial)

Open an FXCM forex and CFD demo account and practice forex trading risk free. Get live buy and sell prices,* £50K* of virtual money and access to trading 24/5. Just fill in the stats of the trading system, the test length and the level of drawdown/ruin to be tested and hit the Calculate button. How to interpret the results. Recommended book. Trading in the Zone by Mark Douglas. Trading style. Technical Analysis, Scalping Intraday trader, Swing trader. Platform & Broker. Metatrader 4, FX.