Move from demo to live trading

We must learn from scratch. Everyone must start somewhere. Without training new traders will soon lose most of their trade. Once they experience a loss and fear and pain, she was crying ... Trade currencies without preparation would only meet with destruction. They would destroy their trade. So the first order in an effort to avoid the fear and pain of trading is to get an education. Not only technical education to know when to enter and exit trades, but education in understanding yourself as a trader, trading the physiological side.

 

One of the fundamental law of trade is the use of strategy and stick to a trading system. That means you can use the trading system and to test the test on your system, at least 100 trades / transactions. Once you know the result, if your system can work or not, or you may not be consistent on your system, chances are there here.

If you manage to do a demo with a run like that, it's time you should use the same criteria and procedures are the same on every trade you live. There are no exceptions.

In most traders Demo profit here, it's Because of the psychological trader "not play". He also felt the trade was made ​​safe Because there is nothing to fear Because there are no losers and no real money. But if you do not do it, you also lose the experiment to see the which works if you are trading real money. This is one reason That 80-90% of new traders fail: They do not learn how to trade before They attempt to Become Wealthy. It is one thing for sure if you want to succeed at trading, you need to study and practice. If you do not learn how to trade before you start trading with money you'll have a lot of fear and pain.

Can you conquer your fear when live trading? Like when you are demo trading? Should be!

Once you have developed the skills to follow a mechanical system. Knowing how to choose a high probability trades, set stops, and manage the trade, where to move, then you're ready to move to the next step. You are ready to open a live account. This is where you will find losing real money and have to admit that you are wrong on this trade.