DELSU MTL COMMUNITY

Yh, for me, I feel indicators work best as secondary confluences

That's a solid approach. Confluences improve confidence, but I'd still let price action and market structure make the final decision. If they disagree, I trust price first.

Gm traders.....

How long do u think one should demo trade before going live?

For me .... demo trading one month is alot enough the person. Once you have a good ludiment tutorial just practice for one or two month then move into live trading.

That is where the real team TRADING makes sense. Cus many pressure and emotional balance checking and conviction take place. But, it is always advisable to start with little capital once you newly start with a live account.

Gm traders.....

How long do u think one should demo trade before going live?

Overanalysis is exactly what it means, only in this context it has to do with trading

It simply means the process of second-guessing yourself over and over again, trying to get the perfect validation from the market(looking for the perfect trading opportunity), but the truth is that the perfect validation doesn't exist and because most traders fail to realize this, they keep on analyzing and analyzing and analyzing and in the process end up missing out on most opportunities that the market presents to them

It's also synonymous to analysis paralysis: Meaning the act of not being able to act on opportunities because of too much analysis or info

Gm traders.....

How long do u think one should demo trade before going live?

I want to trade because I desire financial independence

Demo builds the skill, but live trading tests discipline. The transition should happen only after a trader has a tested strategy, clear risk management, and consistent execution, not just after a fixed amount of time.

The way gold just dey behave the whole stuff tire me 😞😞😞😞😞

For me .... demo trading one month is alot enough the person. Once you have a good ludiment tutorial just practice for one or two month then move into live trading.

That is where the real team TRADING makes sense. Cus many pressure and emotional balance checking and conviction take place. But, it is always advisable to start with little capital once you newly start with a live account.

Demo builds the skill, but live trading tests discipline. The transition should happen only after a trader has a tested strategy, clear risk management, and consistent execution, not just after a fixed amount of time.

Thanks 👍

Caught this set-up on AU . what do think will happen. With AU moving toward the next liquidity zone though the over all trend is bearish.

The way gold just dey behave the whole stuff tire me 😞😞😞😞😞

Yesssss, a strategy that works(at least 40% of the time) is way more important than the amount of time you use in demo trading

A 40% win rate is enough if the expectancy is positive. With a 1:3 risk-to-reward ratio, disciplined execution and consistent risk management become more important than trying to increase the win rate, e.g on my uk100 trade right now, I risked 466 naira to make 2k that's 1:5RR it's already more than 1:3RR already so now with this discipline and precise risk to reward I have a repeatable process as a trader that's what counts not the time