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.