Many traders think there's a significant difference when they compare the results of transaction accounts and real accounts demo.
Almost all traders find it easier to make a profit on a demo account. There are so desperate that they blame their failures on the broker side and accused run the incorrect contract or manipulate the market when trading using real account.
The truth is only a factor of your mentality when profited in the demo and are responsible for losses in the accounts. I would like to share tips for tackling this problem.
forex tutorial, Learn forex trading, Learn forex, learn how forexApakah you ever trade using real money? Remember if your heart beats faster when you open position first on real account?
From my experience, these reactions are normal when first trading on the forex market.
Prepare yourself for trading with real money
Before you begin trading, you should be aware that trading with real money means that you've lost money. This knowledge is important, so that you are not using the money you need for forex trading. In addition, you should set a limit on risk per transaction (for example, 2% of Your capital accounts).
The fact is that we don't always do what we plan. I myself as a trader who already has experience has also suffered losses on the real account. No one is perfect.
The difference only when I trade with real money, I decided to concentrate ONLY on the TRADING EXECUTION, not on account balances. This setting improves the results of my transactions.
Unfortunately many traders don't realize when opening a real account, that they may be losing money on each of this transaction.
Once you open the first position and the market starts to move against your position, you make trading decisions based solely on emotion.
Prepare yourself for the coming losses
Most people when Gets a loss cause negative feelings and emotions. I suggest that you prepare yourself and make friends with the thought that you might lose money in the market.
To limit losses, always place a stop loss on each of your transactions. Affected by stop loss is much easier than if we receive direct funding runs out.
I assure you that there are still many ways to succeed in forex trading, make it a habit it.!
Please always keep in mind how much money was taken from Your accounts on any transactions but how much profit you can get!
forex tutorial, Learn forex trading, how to learn forex, learn forexSaya sure that thought depends on the strength of each trader, whether losses affect him emotionally or not.
With just a limitation of the risks that you have defined, you can protect yourself, and uncontrollable acts that are contrary to your own interests; that is long term and continue to generate profits in the market.
If you continue to manage risk on any transaction (for example, 2% of your account), you can stay calm and continue to monitor market movements.
Can you prepare for the worst possibility with a demo account?
What did you do on your demo account has added value? Yes, definitely.
However, you should always be aware that trading in demo NO emotions. For that, you don't have to wait too long to start transactions on a real account.
The requirement is that you have a forex trading strategy that can bring advantages for You in the long run. Test your strategy around two to three months on a forex demo account before you open a real account and manage your risk management.
If you cannot add capital trading, for a while bertransaksilah on the demo account until you are able to open a real account with a minimum deposit of 500 to 1000 $.
Since we now know that trading with a demo account, no such emotion on a real trading account, it is advisable to always bring Your demo trading system to the real account.
Try to make your own trading experience as real as possible, because only this is the best way you can prepare on trading with real money.
How you handle Your real account as if it is a demo account?
Once you practice using your Forex demo account, to act without emotions and objectively analyze the market, this ability you need to transfer to Your real account.
It is indeed difficult to execute. But if you have a long-term goal, at any time and always thought that it would be profitable, you will be able to succeed.
Below I will describe some of the things you should look for when you switch from a demo account to a real account.
Think of NO money is at stake, so you don't feel lost.
forex tutorial, Learn forex trading, Learn forex, learn how forexSeperti mentioned above, you must use the money for a real forex account You not money needed for other important things. As with any other business, the investment could also be used to achieve long term returns.
If you can consider the money you invest in the currency market "missing", you will be much easier to make decisions objectively without being influenced by your emotions.
Think to make friends with a loss on your transaction!
Many professional traders suffered a loss on average 40 – 60% of their transactions. However, they can record a profit ratio of profit/loss at the end of the month. So don't get stuck against the thought of losing money and accept this fact as part of this business.
A single Forex transactions are also means for Your long-term success.
forex tutorial, Learn forex trading, how to learn forex, learn forexJangan always thinking of just long-term goals and avoid doing a single transaction. Even lost day trading isn't important to long-term goals.
I recommend you to think in a few weeks or months. This is one way to ensure that the views of your goals have a positive effect on Your real account.
Ask yourself are you ready before experiencing a loss.
HOPE TO WIN AND MAKE SURE READY TO LOSE.
Use this setting to assume that at any time anything could happen and ready to face all the possibilities on the market.
Your success is based on a variety of transactions. If You win the level is around 50%, you can lose 50 of 100 transactions and profit/loss ratio of 2: 1 achieving a profit quite comparable to Your working capital at the end of the month or after several months.
Do you have a strategy forex and trading plan?
Every action has to be planned. Probably one of the best strategies to protect themselves from emotional actions in the trade was planned with the individual actions and take every opportunity into account.
forex tutorial, Learn forex trading, Learn forex, learn how to forexHal this is not to say that the plan could not be changed. Adaptability in trading is essential to respond to unexpected situations. However, this must always be done in the pursuit of long-term goals – continue to profit in Forex trading.
Forex trading is more difficult than you might imagine, though forex strategy You have been tested and proven to be beneficial in the long run.
For that keep Learn forex, I hope in my next articles, I can teach you how to look at the market, which allows you to practice after a period without feeling guilty and increased confidence to open real forex account and his own ability to achieve a fantastic long term profit through Forex trading.