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  1. #11
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    Quote Originally Posted by Princess Fuzzie View Post
    If you take it as a risky business then you are always going to be pressure work. Take it as normal work, learn more and more about this subject. Working on demo will helps you more about it. Always follow money management rules to control your trading.
    Yeah, main mistake of newbie traders that they see trading as their opportunity to make a leap to fortune with little efforts, meanwhile its hard and routine job, but quite rewarding if you don't make casino out of it. Traders should always follow systemic trading and never yield to take more risk to make huge reward from one trade.

  • #12
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    i agree with fxrival most people think Forex is a get rich quick scheme but for most people it is a lose money fast scheme. It is not easy to make money doing Forex trading. I think everyeone feels the pressure when they trade real money for the first time and this can increase as the losses increase. That is why everyone should start ona demo account and only trade real money when they can make money on demo for at least a couple of months

  • #13
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    Quote Originally Posted by LenoxGF View Post
    i agree with fxrival most people think Forex is a get rich quick scheme but for most people it is a lose money fast scheme. It is not easy to make money doing Forex trading. I think everyeone feels the pressure when they trade real money for the first time and this can increase as the losses increase. That is why everyone should start ona demo account and only trade real money when they can make money on demo for at least a couple of months
    Demo trading is fraught with more psychological mistakes as traders prone to take higher lots, not honor their SL and TP and choose more risky strategies as demo is free of slippage and sometimes spreading widening. I think newbies shouldn't spend too much time on demo but to switch to live as soon as possible to get prepared for making money.

  • #14
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    I can see the benefits of demo and live accounts. People don't treat 'demo money' the same way they would their own money. But people often freak out when it's real cash on the table and lose all their money. But even if people move onto a real account fairly soon they often lose all their money through poor money management! I think everyone should learn money management before the even consider Forex trading and strategies etc.

  • #15
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    Demo can work both ways. If you trade on demo and get lucky then you think trading is easy and when you trade for real you are most likely to lose a lot of cash. But if you lose on a demo it tells you that trading is hard and encourages those traders to learn more

  • #16
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    It was easy and exciting for me to trade on demo. And when I became quite profitable on demo, I decided to open micro account. And I realised what people mean, when they are talking about trading psychology. It`s really stressful, even though I risk very small ammount. This pressure makes me close orders earlier, than I planned and make bad dessisions. Hope, it`s just because I`m a beginner and I`ll handle it.

  • #17
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    Forex is your personality test, that how you can maintain yourself during risky market movement. It depends on you that how you are dealing with a risky market with your skills and knowledge.

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