Knowledge
Acquiring the knowledge that you need to understand the share market is certainly an important part of your success. There are many ways that you can educate yourself on the theories of the share market and how to trade shares. There are books, seminars, the Internet and training course. All of which are excellent ways to start your journey to success. Experience
Many say that knowledge is power. We say that it isn't enough. You need more than knowledge, you need experience. You can learn how to drive a car, fly a plane or play the piano. You can read books and attend classes. But, until you practice these skills, you will have a hard time mastering them. The share market is no different. Gaining experience in simulation
Until now, developing and practising share trading techniques using the real share market has been an expensive business. The key to successful trading with Saratoga is simulation. Practice makes perfect and, with Saratoga, developing and practising trading techniques in simulation, using real share market information, is easy. Over time, flight simulators have proven to be the only practical way of gaining flight training experience and illustrate just how useful and cost effective virtual or simulated environments can be. In a broad context, a system that offers a simulated environment allows participants to: - Become immersed in a completely synthetic computer generated environment;
- Achieve a sense of presence (or reality) in the environment;
- Become un-inhibited where conventions can be controlled in a way that assists greater understanding;
- Achieve a sense of non-real time, where situations can be accelerated or slowed down;
- Achieve a high degree of interaction that can equal or exceed that achievable in the real world;
- Interact in a completely natural and intuitive manner with the synthetic environment;
- Repeat the task until the desired level of proficiency or skill has been achieved;
- Perform in a safe (or risk-free) environment.
We believe that experience can be gained efficiently through the use of simulators. In fact it can be gained more economically, more quickly and more safely in a simulator than in the real world. Here are some practical reasons why: Flight Simulation In a flight simulator: - You dont have to buy or hire a plane when you are learning to fly.
- You can do things repetitively.
- You can practice taking off a dozen times an hour. In the real world you might only manage to take off once in an hour.
- Not only does the experience occur faster than in the real world, it is structured because you are reviewing what works and what does not.
- It is safer. If you happen to crash-and-burn in a flight simulator, it doesn't matter, you are still alive-and-well and can try the same manoeuvre again until you perfect it.
Golf Simulation In a golf simulator, you can: - Drive lots of shots.
- Review your results, see what you are doing wrong, change something and continue.
- Measure your distance and accuracy and see your improvement after you have made the change. If the change doesnt improve your accuracy or your distance, you can discard the change and try something else.
- Identify and implement a change that works. It feels good, so you keep doing it. This repetitive practice makes a new habit and, since we are creatures of habit, the more you practice, the stronger your habit becomes, the more automatic it becomes. In the end you dont even need to think about it. It just becomes second nature.
- And, once you have perfected your drive, you can now focus on your putting!
And, once you are actually playing golf or flying a plane, you can always return to the simulator from the real world if you find that you need to revisit your moves, try a new technique and gain some more practice. Share market simulationGaining experience through simulated trading before you trade on the live share market makes sense because it is more cost effective, more time efficient and more forgiving than the real share market. Share market simulation offers you an opportunity to focus on: - Improving your own trading ability
- Testing any trading style, system, newsletter or advise
- Building your own confidence
- Developing a successful and profitable track record
...before you risk any of your own money in the real share market. Once you are comfortable that you have gained sufficient experiencethrough historical simulation you can, of course, activate the Live Data Feed. Then use TRADE SIMULATORTM to trade one day at-a-time in real time, using current share prices, in the safety of simulation.
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Success
Simulation alone won't make you a good golfer, a safe airline pilot or a successful share trader. You still need to implement your skills in the real world. But you have an advantage now, because you do so: - With confidence.
- By virtue of your own track record.
- Knowing what you are fully capable, because you have done it before in simulation.
- Relying on your practiced skills.
- Using tried-and-tested methods that you know work for you.
When you are comfortable with your trading style and that your rate of return has remained profitable and consistent you can continue to use TRADE SIMULATORTM, and your preferred broker, to commence live share trading. Success is a wonderful achievement in the share market - it can provide the time and the money for you to enjoy the other things in your life, like golf and flying! |
