
The demo account is technically up 10%, but there is the problem of the massive drawdown. If the account were to close at the time I snapped this screenshot, half the money would be gone. A reminder: this is Monopoly money, it is an educational tool to gather information, and it does not impact my long-term investing goals.
What have I learned?
- I don’t just dislike drawdown. I loathe it!
- I like consistent results. A great couple of months is not a very long trial period.
- Three to five years of backtesting is a good idea. If I have to pay a monthly licensing fee to get a well-tested, solid product, I will.
- Even though Forex is risky, I try really hard to limit my exposure to “off-the-chart” risks.
- I am lucky to know the variety of options available to investors. I am grateful to own the algo-trading bots I do own.
- Every day is a new adventure. If I have a learning attitude, I believe the risk on this journey is survivable!