You may have been using our ApexTrader futures trading platform in the simulated trading mode which has hopefully given you a good idea of all of the great features our platform has to offer as well as how well you might expect to do in real live trading. In order to replicate real-world trading as best as possible treat your simulated trades like they were in your real account: use realistic stops, trade the same number of contracts you will be trading in your real account, use the same strategies you plan on using in the real market, etc. Of course, you can use the simulator to experiment with, but once your experimenting is out of the way and you have your strategy down, stick to it over an extended period of time to see how it works.
While this practice is essential, the major difference is that you do not have the true psychological component of trading taking effect, which is the fear and greed associated with trading when you are risking real money. Many traders tend to gloss over this seemingly unimportant aspect of trading, but after you have your trading methodology down, I recommend you read (and follow) a book on the psychology of trading to get your mental state in order, also. Taking a loss when your stop order is hit doesn’t hurt as bad when it is just play money, but will you be able to place that stop loss order and let it get hit when real money is at stake? Likewise, letting a winning trade run isn’t too hard in simulation mode, but will you have the tendency to get out too early and book a small profit when it is the real deal? Make sure you are psychologically prepared to stick to your strategy and trading plan when your human emotions try to take over.
Once you think you have your futures trading methodology down and are mentally prepared to trade your risk capital it makes sense to start out small. Just like a pilot will train on a computer simulator for hours and then take the wheel of a real plane, they still need to solo practice in the air without passengers before they become reliable enough to be trusted with the lives of others. In other words, in the beginning you don’t need to trade as many contracts, as you might eventually do once you are confident with how your real trading has been progressing. When you decide to enter the real world of trading with a live account start out slow as you may find there are some additional emotional obstacles and trading mistakes that you need to get over or make adjustments for.
Beware – There is no way for a trading simulator to give you the exact same results as you would see had the trades actually been placed in the real live market. The ApexTrader simulated futures trading platform may fill your limit orders even if the limit price is hit just once, which is not always indicative of what you will experience in real trading. In electronic futures trading, limit orders are filled on a “first come, first served” basis, meaning if there are currently 600 contracts trying to sell at 855.50 and you place an order to sell 5 at 855.50, 600 contracts need to get filled before you start to get filled. So depending on how many contracts trade at each 855.50 tick you may need to see several ticks at that price before your order is filled, in fact 605 contracts have to trade at 855.50 before all 5 of your contracts are filled.
There is a substantial risk of loss in trading futures, options and forex. Past performance is not necessarily indicative of future results. Margins are subject to change at anytime without notice. All material herein was compiled from sources considered reliable. However, there is no expressed or implied warranty as to the accuracy or completeness of this material. Published testimonials have been provided by individual customers. Testimonials regarding past performance are no guarantee of future results and may not be representative of the experience of all other customers. Web page translations have been provided electronically by a non-registered third party. We are not responsible for any incorrect translations. Apex Futures is a division of Global Futures & Forex Inc. (GFF Brokers). GFF Brokers does not endorse any third party sites or links, unless specifically stated by GFF. Links to GFF from a third party website should not be considered an endorsement by GFF or any of its employees. The products and services offered on a third party website linked to GFF are not offered or owned by GFF unless indicated, and GFF cannot attest to the accuracy of information provided by these third party websites. When advertising on third party websites, GFF will not be responsible for the content of other advertisers or the content of the third party website.
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