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Disliked{quote} Actually with some brokers you get slipped on demo, IG for instance and hotforex has swaps.Ignored
Disliked{quote} Hi its definately possible but most likely not during active market hours. Its more possible during the the time when the markets are quiet and arent that active. specially if you are trading with market maker than chances of such instances of happening are more likely because these are the time they could manipulate price quotes.Ignored
DislikedI read on a forum: "The more $$ you make with brokers, the more execution lag & delay you will encounter." Is this true?Ignored
Disliked{quote} Keeping aside the psychological factor which you have already mentioned yourself another thing which makes the difference between live and demo is that the future is most likely not going to be like past. your strategy which performed well in demo account could not perform well because of the new entropy which it received from the market was something your strategy was not ready or familiar with.it couldnt simply handle the way it should interpret new information it received from the market and the problem is information as we also call...Ignored
DislikedThough demo trading accounts offer opportunities to get acquaintances with the forex market with the use of artificial money as real accounts, there are some differences between the live accounts and demo trading accounts. A trader can face the difficulties regarding the trade executions and he can also face hardship while engaging in trades with big amount. There is no such difficulty in case of demo trading accounts no matter which amount you are trying to trade.Ignored
Now when we move from the safety of demo trading to the reality of live trading with our actual money is at risk, it all changes..All of a sudden these fears become very real too and hence our performance suffers.
So we have to learn to trade without fear. Its that simple as the demo proves time and time again. Trading on demo without fear is easy and very profitable. But introduce real money and the associated fears and all of a sudden its practically impossible..
So how do we remove fear from our trading after all as I've just explained, our brains are hard wired to have a healthy respect for fear..
there is only one way to remove fear from your trading, you must remove the perceived threat.
its that simple remove the threat and you will remove the fear from your trading...so how to remove our those threats???
You cannot fear the market...You have to totally accept the market for what it is, a completely neutral collection of price action signals. The market is neutral. Unlike the lion, Its not out to get you..Its just the market, its just doing what the market does best. When theres more sellers it will go down , when theres more buyers it will go up. Pure and simple, no hidden agenda, just moves where its suppose to move. It is also a totally random market place which can go up or down at a moments notice, its totally random...
The sooner you totally accept this concept and totally accept it can go any way it wants whenever it wants then the sooner you will be able to trade without fear.
The sooner you will be able to read the neutral signals for what they are.
The sooner you will be able to interpret these neutral signals and take the appropriate action when you need to, cut a loser short, let a winner run. You will be making trading decisions based on the neutral signals of the market and not on your perceived threats, even if that does mean taking a loser.
Your trading will be based on facts not emotions..
Once you totally accept the market for what it is then why should you fear it?? Once you accept you are going to have losers, why should you fear them?? Once you accept you are going to be wrong, why would you fear it?? Once you accept you are going to miss out sometimes, why fear it?? Once you accept you are going to leave something on the table, why fear it??
So coming back to your question about making a smooth transition from successfully trading a demo account to trading real money..
Once you take total responsibility for your trading and have fully accepted the outcome of your trades no matter what they are then you will be trading without fear.
Now if you have an edge, that you've previously proved on demo, then you will be profitable.
Want to know more then read "Trading in the Zone" by Mark Douglas as all I've done here is given you my take on his outstanding book...
Feel the Fear and do it anyway!!! "
DislikedI started a similar thread to this one a couple of years ago or so, and ClivePeckham came up with this valuable response, which I'm sure he won't mind me pasting here - " ....."Ignored
DislikedI'm sure no one will be surprised to get a contradictory opinion about this on FF but I disagree that 'psychology' or 'being in the zone' is important in live trading. If your psychology is causing you to do things you don't want to do it's probably because you don't trust your system and the reason you don't trust your system is probably, in order of likelihood a) your system sucks, at least in one important respect b) you're inexperienced, and have unrealistic expectations I read Mark Douglas book and I got nothing from it. 'Accept the market...Ignored
Disliked{quote} Thank you for your reply. I appreciate it. Could you shed some light to what other problems there exist?Ignored