Last 2 weeks was tough man. I started trading live!
I had a roller coasted 2 weeks. I could blame it on the market which was so erratic! But then, since when it's not? Or I could take the responsibility and re-look at my trading system.
I figured I should do the latter and thankfully I did because I discovered that I DON'T HAVE A SYSTEM! aaahhh. (more on this later)
Apparently I was using the 'force' and it wasn't quite with me.
Added on to that was the pressure of REAL money.
To be honest, naive as it sounds, I wasn't expecting that REAL money would adde on THAT much pressure. A little yes, but not a lot. This is because I was pretty competitive when I was trading in demo. I took a loss in demo seriously as if it was my own money but stil REAL money added more pressure.
So to those beginners, when you're 1/3 ready, start with a mini micro account. Use Oanda and trade 100 units even. (I think they're the only guys that allow you to trade any unit size). You'd be surprise how different USD 0.001/pip feels as compared to 'demo trading'.
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2 comments:
I couldn't agree more. Also, trading live with a mere 100 USD will teach you more about FX than trading 1 million USD on a demo account.
When real money is on the line, your instincts will kick in. Your job then is to learn to control the urges and play the FX game instead of letting it play you.
Cheers.
-shuli
well said shuli.
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