Modified Fast Track Method helps transition from Demo to Live Trading

Modified Fast Track Method:

The goal of the original fast track is…

-          Keep it simple

-          Let your trades run

-          Don’t worry about losses (they will happen)

-          Don’t cut your winners too early

-          Don’t push your stop back let your losses run

-          Be selective and always follow the rules.

-          NO TRADE MANAGEMENT

-          Once you have 10 days of consistent results on the FTM, then you are encouraged to look at the advanced methods and start trailing stops, scaling-out, and using a runner.

Forex vs Futures:  what’s the difference?

Previous HOD and PLOD:

-          Can we enter with a resting limit order?

-          Yes, but only when you see a failure above the PHOD or a failure below the PLOD.