demo trade for mcx

amsin21

Well-Known Member
#8
hi throw,

how can do demo trade with excel sheet can u explain...

thanks
This is the way I have done in my start days.

1) Opened trading a/c with a known main broker.

2) Watch the live charts with strategy placed on charts (eg: EMA cross) without entering trades.

3) Once strategy triggers a buy/sell call, enter the value & reason in excel.

4) Calculate the Stop Loss as per comfortable level.

5) Once exit as per strategy / stop loss trigger, enter the value & reason in excel.

6) Calculate the gross P/L, net P/L.

7) Monitor this cycle for 1-2 months or till you get comfortable.

Don't lie yourself.

This can be done using a simple paper & pencil, but using excel helps you to go paperless & in easy calculations.

All the best.
 

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