When I was learning to trade currencies, it was a requirement in my classroom sessions that we had a “practice money account.”
Simply, this is an account that’s funded with play-money. If you lose it all it can be replenished at no real cost to you. These types of accounts are easy to find with most Forex brokerages.
The point of trading with pretend money is to be consistently profitable in your practice account before you move on to risking your own real hard cash.
However, what often happens after you leave the classroom, having begun to make money in your practice account, is you then move to real money and start to lose it, hand over fist!
It’s crazy how often that happens.
It comes down to the psychology of the trader and the fact that they become too concerned about the money.
They can’t become dispassionate about their money.
When it comes to small-cap investing, there’s no practice account. It isn’t a practical way to learn to trade these types of stocks even if there was.
Why? The time frame for profit is simply too long.
That’s one reason I like to use other people’s expertise when it comes to investing and speculating in small-caps.
I’ve been doing this for about three decades and I still like to have the advice of others.
In the case of Marin, he’s made me well over a million dollars. So when he gives me an idea, I usually act on it.
And when he guarantees that I’m going to get a 50% increase (minimum) in the next 12 months, I “back up the truck” and buy a ton. Like I’ve done this time.
If you’d like to follow along and buy some of this same company and make money along with me (I hope), click on over here for the details: http://exponentialnetworth.com/ …
I think you’ll be glad you did… I have been for many years.
