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[QUOTE="eyeball, post: 34193, member: 12398"] Learning to trade is in some respects similar to learning how to play basketball. In our nieghborhood the venue for social intercourse was the BBall court . In order to make friends and be accepted by your peers, indeed to have any social standing one had to be able to play reasonably well in the pickup playground games that went on 365 days a year. To be able to achieve that acceptable level of play anf get " chosen in " you had to practise. More often than not you practised by yourself ,coming early to the courts and spending hours perfecting your jump shot, hook shot or whatever until you were willing to put yourself at risk and join a game of other guys with similarly novice abilities . Trading forex is nothing more than a big game and demo accounts can be likened to the practise court. Use those demos until you can achieve some level of consistent profitability.Examine each and every trade that went wrong and determine, if possible what you did wrong and why. However difficult it may be, try to learn from your mistakes and avoid,again if possible, making the same mistake again,Once you feel that you have leaned all you can from the demos you probably are ready to lose money on a real basis. Whether or not you succeed as a trader depends on how you learn and recover from your really painful losses [/QUOTE]
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