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Thursday, August 13, 2009

Demo Trading in Forex Training

I never thought nor appreciate the importance of demo until now I am trading with real money.  Forex is very unique if only for this special opportunity.  It is like the simulated flights for pilot training.
 
I am now properly making use of my demo accounts as it should be traded.  My earlier experiences with demo account were unemotional and detached, so the result was fantastic.  I brought that into live trading and got versely different result!!
 
Now every possibility must be tested.  Any deviation must be established and adjustments must be confirmed.  A single pip change could make all the difference and turn a winner to loser.  It is now a matter of rock-science and mathematical statistics:  Anything less is a disaster waiting to happen.
 
Trade Summary: now net 0% (great!!!)

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