Quote:
Originally Posted by chatzi
Ok I said my bit and still believe that demo is a waste of time, lower time frames will speed up your learning 1000x and using risk management, it would require 70 losses in a row which means you haven't understood the material.
If you still think demoing is the way to go see this post by THE master himself
http://www.forexfactory.com/showpost...39&postcount=1
I think that says it all really.
No hard feelings, Im out here too much koolaid.
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Hey Chatzi,
Firstly, I completely agree with you on the demo/live thing. Playing for pennies live and playing for demo can often be the same. Each one has its own defenders. Personally I found that when I was playing for pennies live I found it too easy to increase my lot size after a winning run. I just broke my rules and got over happy with it. But I have no strong opinion for others and when I say demo I consider that to include risking pennies live (I should have been clearer about that). I am sure you'll agree that marching in on day one with 2% of your full account is madness. I know you'd never do it, but believe me many people do. That's common sense and not koolaid. So I may not have been clear about this in my post. No disagreement there.
My point to you was subtler than that and I am not sure if you've picked up on it. My point to you, was why are you debating it? Why not just open the demo account, do it, and start posting one hour setups. Instead you've started a debate, got into an argument and now said that you're leaving because of the koolaid. We had a similar thing a few months ago and then as I recall we swapped emails and things become okay.
If a man likes chocolate ice cream and you like vanilla, then just sit in front of him and enjoy your vanilla ice cream. Don't get involved in a debate on the merits of flavour and don't complain that he's making you "drink the choocolate ice cream koolaid". There are plenty of people here who have ignored the suggestions to start higher, they post charts, and Mike and the others comment on them. We occasionally throw in a reminder that our suggestion is to start higher, but no one says "we will not comment on your charts unless you can prove you did your time on dailies"
Look I am as guilty in this as you. Here I sit, engaging you in debating, joining in the tussle, when I could sit quietly and leave you to your opinion. But I really wanted to make clear that this isn't a debate about dailies vs 1Hour. It's a debate about
why you are having this debate in the first place. I'd be very happy to talk to you via email, I have done before, and I am not going to try and persuade you to start higher or whatever.
Anyway I think from your message that you're leaving and I genuinely wish you well on your way. There are a thousand ways to learn forex out this is not the only way. I wish you the absolute best with your search.