Disliked{quote} Yes momentum is key, that's what allows you to have 4 pip stops. And I also think it's not always true when you say that demo you remove fear and become a miracle worker, like this trade here on AUDUSD on my demo (no fear aparently) I closed at 16 pips in the picture, and YET on my live account with an earlier entry I held to the bottom and closed for 60 pips profit {image}Ignored
I'm afraid that I don't need to turn a demo account into millions to know the difference because I've done it a few times over the years! There is most definitely a huge difference in trading demo to trading live and the very strategies that seem to work so well on demo tend to fail miserably once one makes the transition. It is not trading strategies that make the difference. There are many good trading good trading strategies out there (there are literally hundreds on FF to chose from!) but the real problem as I mentioned above is mental. In fact I would say it's probably 95 % of the problem when it comes to winning or losing. If you think that you have indeed conquered the mental side, you'll be a millionaire in no time!!