My Life So Far

Thursday, July 17, 2014

Forex Trading: Secret To Forex Trading

Many people are reluctant about forex because it is high risk?

Are you kidding me?

Is there any trading or investment out there that is not high risk?


Well, the thing is, there is a secret in forex trading..

Many people will tell you to start learning about Forex with a demo trading account....

But when you trade in a demo account, you aren't actually trading Forex just yet...

Yes, you are using the platform and trading according to the market conditions but strictly, you are still not trading.

This is because the biggest secret in making money in forex is to TRADE LIVE.

Only when you trade with real money, you will learn forex trading...

Here is a nice article by Russ Horn talking about trading forex live


The Secret To Making Money In Forex.



There is one secret to making money in Forex that surprisingly few people know. The answer will make you think I have lost it and that of course everyone knows this, but surprisingly not many traders are doing this.

The Secret is to TRADE LIVE.

I know what you are thinking, you think I just cheated you!
I know you might have been looking for a no-fail indicator or a free trading system, but the truth of the matter is that if you are not trading live, you will never make a penny from the markets.

Every trader wants to make money trading, some traders have really big dreams while others just want to get caught up on debts they have. No matter what your goals are, they all include making money trading the markets.

Now don't get me wrong, a demo account really does have its place, but a demo account is a stepping stone to the real thing.

What you use a demo account for:

1. Learn how the system works.
2. Learn how the Trading Platform works
3. Prove to yourself that you can trade the system properly.
4. Prove that you can make money with the trading system you are using.

Once you have all of these under your belt, switch over to a live trading account... with real money.

I always suggest that when you switch over to a live account that you fund it with the smallest amount possible. Most brokers will allow you to fund a live account with $250 bucks. Trading live will present you with an amplified version of the emotions you experienced while on your demo account. The small account size will allow for you to get accustomed to these emotions, and when you are satisfied, you can increase the account size by adding additional funds as you go.

With a demo account, you can get used to the fact you can do certain things you would never do, or be able to do on a live account.

1. On a live account, you can't re-fund it each time you have a blow out.
2. On a live account, you can't let a trade run un-managed.
3. On a live account, you can't let a trade run into a large draw-down and leave the trade open in the "hopes" it will turn around.

What we want as traders is to make money, and we cannot do this trading a demo account. We do have to switch live and make the changes to our lives that we dream about.

Don't wait too long to do this. Once you have the 4 reasons to trade a demo account sorted out and you can manage all of these without trouble, trade live. Be one of those traders you read about, be one of those traders you always wanted to be.
Trade live and make you fortune.



I totally agree what he said.

So don't be afraid and start trading with a LIVE Forex account...

happy trading,

Yours sincerely,




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