But, what should be doing we do is not what we end up doing. Traders who have done
spectacularly well when they first started on demo account have suffered some significant
losses shortly after switching to real money trading, Why?
Money DOES Indeed talk,
and anyone who tries to say otherwise is simply a fool
. In fact, money talks SO loudly that it penetrates through our advanced logical-thinking
brain and goes straight to our more primitive “fight or flight” impulse and that impulse pushes us to join the battle to provide for ourselves, to achieve more than we ever imagined. Money talks and the smart ones listen.
Is demo trading valuable? Yes. Should all traders demo trade with my price action trading strategies before attempting to trade them live? Absolutely. BUT, you should understand that there are ZERO* emotions
This is a little bit more difficult than it might seem since the risk of losing money is always present in a real account. But, there are some * “tricks”
that we can use to keep ourselves* calm
and collected even while risking real money:
sometimes. Don’t fight the inevitable losing trades, instead, learn to work with them and accept them as part of doing business in the Forex market.
• Don’t risk money that’s not truly “fun money”
– As we’ve discussed before, never trade money that you really need for anything else in your life. If you want to trade in the markets you will have to have RISK CAPITAL