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· What it takes to become a successful trader. · How to develop the habits of successful traders.

· A shortcut to become a successful trader. Now the ball is in your court. It's up to you to take the first step.

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If you want to get started within the next 24h, then you should definitely check out the trading systems Smart Start and EaglePro.

Both systems are fully automated, and they have a risk/reward ratio that's perfect for beginners. Each system comes with a free paper trading account that lets you test the system risk-free. It's your turn now.

Author’s name.

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  • Markus Heitkoetter.
  • Author's Info: Markus Heitkoetter is a 19 year veteran of the markets and the CEO of Rockwell Trading. For more free information and tips and trick how to make consistent profits with online trading, visit his website www.rockwelltrading.com.
  • You can have the best daytrading plan but you'll never make any money if you don't take action and actually start trading. But how can you start without risking a single penny of your own money?
  • After all, you are still new to trading and don't want to lose thousands of dollars because you made a small mistake in your trading plan, do you? The best thing you can do to get started is to get a so-called "Paper Trading Account". And the best: You can get a paper trading account for free from your broker. Or just contact me and I'll set you up with a free paper trading account.

So what is a paper trading account?

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A paper trading account let's you trade your system with "virtual money". You will get live quotes and can enter the trades according to your plan. The daytrading system will simulate fills, and you'll find yourself in a trading position. Paper trading accounts show the profit and loss in real time, and you can see LIVE how much money you are making or losing. Keep in mind that we're talking about "virtual money", so actually you're not making any money yet.

  • Why you MUST trade your day trading system on a paper trading account first.
  • The biggest enemy of a trader is discipline. Traders lose because of the lack of discipline. Your day trading plan might be excellent, but if you don't have the discipline to follow your trading plan then you're doomed. Trading your system on a paper trading account will help you to gain confidence in your daytrading system and developing the needed discipline to actually make money with it. Don't make this mistake.

Many traders start "improving" their trading system after they experienced a loss or a few losers in a row. Though encountering a loser might be exactly within the expectations of your system, you start questioning the system. You start "improving" the system by changing a few parameters or adding some filters. You forget that you tested your system on more than 2,000 trades; you traded it for a few days and think that's it needs some "fine tuning".