Introducing TradingWheels

Books and Your Irrational Self — Trading Psychology

Though the importance of understanding the impact your emotions may have on your trading decisions is certainly not new, there has yet to be any product on the market that correctly addresses this psychological phenomenon other than words and rules found in books and seminars. The problem with this is that words and rules are just one part of the training processes — the rational part. What about when you are in a trade and you have to deal with yourself when youʼre irrational? How well do you follow those rules then?

The Paper Trade Fallacy — Forex Education

Most traders then attempt to practice their trading techniques in either a paper trade account or perhaps in a mini account, since there was really no other alternative. However, neither of these environments really give you what you need. A paper trade account is focused on helping you understand the software but certainly not your emotional intelligence; your trading psyche. While a mini account, though quite useful for money management purposes, is not ideal for your forex education due to the low capital at risk. Simply put, if you donʼt have enough skin in the game, you donʼt really care about your poor trading results either.

Introducing TradingWheels — Paper Trading Evolved

TradingWheels was developed, where the pricing, contract sizes, execution and sense of fear and greed feel as real as your live account ever has, but with one very important difference necessary for your overall trading development —you may not be trading in your live account after all. In fact the purpose of TradingWheels is to provide you with a unique trading environment where your trading psychology is at the forefront. An environment that allows you to assess and test your trading techniques, methods, and rules like you would in any demo account, but with the feeling of a live account. We’re betting you will understand your trading “self” far more because of it.