| Q: |
Can I start using ePaperTrader before I have
finished reading the Course Manual? |
| A: |
Yes. If you feel like you know how to analyze the price charts
and place entry and exit orders, you are welcome to begin using
ePaperTrader. Time in is important. This is your chance to
look and learn before you enter. You must crawl – walk – run.
Make a list of your questions (so you don’t forget),
then call us, so we can help you get up and running. 888.eSt.Trdg.
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| Q: |
I plan on opening my trading account with only $3000.
Should I use that number when I open my ePaper account? |
| A: |
Yes and no. At first trade everything and anything - that
you think is giving you a signal. This will get you familiar
with all the markets. However, be careful not to get overwhelmed.
Often new traders will bite off more than they can chew. If
you begin to feel overwhelmed, cut back to your favorite trades
and in time, you should paper trade just like you are going
to trade your real account. If you only have $3000, you should
only paper trade the markets you can afford. However, many
active traders will continue to papertrade markets that they
can not or do not want to trade, just to see if their thoughts
on a market were correct. |
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| Q: |
How long should I paper trade before I begin trading with
real money? |
| A: |
You should paper trade until you are convinced that you are
applying the principles correctly and can expect similar results
with real money. There are no strict guidelines, but we recommend
about two weeks to a month. |
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| Q: |
How many markets should I paper trade? |
| A: |
If the size of your real margin account will be sufficient
to allow you to trade any commodity you want, we recommend
paper trading every market that presents the support and resistance
combinations you have learned to watch for. This way you will
learn as much as possible in the least amount of time. |
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| Q: |
I've been paper trading for a long time, do I still
need to contact my Personal eTrainer every time I place a
paper trade? |
| A: |
If you have already spent time with your eTrainer and are
confident that you are not developing any bad habits, no, it
is not necessary to call every time. It is important that you
stay in touch, however, because someday your eTrainer will
become your broker and he needs to know how you like to trade. |
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| Q: |
Can I use ePaperTrader to trade options? |
| A: |
Yes. ePaperTrader can be used for any futures or option. |
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| Q: |
Can I use market orders with ePaperTrader? |
| A: |
Yes. ePaperTrader is compatible with all types of orders. |
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| Q: |
Since ePaperTrader is hypothetical, do I have to cancel old
orders that I no longer wish to be executed? |
| A: |
Yes. ePaperTrader was developed to train you to manage your
account responsibly. Now is the time to develop proper trading
habits. |
