How long did it take you?

[Fxpipper]

Yup! The learning process never ends, even if you are sure you've mastered everything that's out there. And Yup! You will need a bull**** meter when sorting through online content, esp when it comes to Forex.

[lyn.forex]

For me, I always believe that trading is a continuous learning. Up to this moment, though I have more than a hundred live accounts, I have still demo accounts. With my demo accounts, I get to improve and test new strategies without risking real money but instead virtual money. Winning and losing is always part of trading. It's up to us to learn from those experiences.

[Dominator4fx]

Originally Posted by lyn.forex

For me, I always believe that trading is a continuous learning. Up to this moment, though I have more than a hundred live accounts, I have still demo accounts. With my demo accounts, I get to improve and test new strategies without risking real money but instead virtual money. Winning and losing is always part of trading. It's up to us to learn from those experiences.

Real money is real and virtual is virtual. if we are successful as a trader using the virtual money we will have to test the system again using the real money on a lower scale to see before hitting any Big Lots

[Alchemist]

Originally Posted by Dominator4fx

Real money is real and virtual is virtual. if we are successful as a trader using the virtual money we will have to test the system again using the real money on a lower scale to see before hitting any Big Lots

I couldn't agree more! The difference between trading real and virtual money is the emotions of the trader. No matter how prepared you think you are, or how little money you risk, when you first start trading live your emotions WILL get in the way to begin with. You just have to stick to your trading strategy, and eventually you will learn to overcome this.

[Dominator4fx]

Originally Posted by Alchemist

I couldn't agree more! The difference between trading real and virtual money is the emotions of the trader. No matter how prepared you think you are, or how little money you risk, when you first start trading live your emotions WILL get in the way to begin with. You just have to stick to your trading strategy, and eventually you will learn to overcome this.

Most of the traders who transition from the Virtual trading to the Real trading know that the difficulties encountered and the time it takes to be able to settle down in real trading

[Alchemist]

Originally Posted by Dominator4fx

Most of the traders who transition from the Virtual trading to the Real trading know that the difficulties encountered and the time it takes to be able to settle down in real trading

Unfortunately, this only applies to the minority of traders. This is just one of the reasons that education is so important. You need to be aware of these things, although having the right mindset is necessary as well.