Tears And Laughter In Forex Trading

Hi all,

When i'm trading on demo account i always win many trade but when i go to live account i always lose. Can someone please comment. I need to know why and is it this thing also happen to you outhere?

Thanks.

Sinar

In the beginning and now it still happens from time to time (I still run a demo account as well)
I think its the frame of mind you are in - When you trade your own money its natural to be over cautious (FEAR) or holding out for more pips (GREED) while at a demo account, you don't get to keep the profits so you make more rational decisions.

Just my 2 cents

I work for a FCM, but that will stay with me. Anyway my wife (who works with me) isnt into trading. But after a few months of trading the greatest joy I get is when my wife says "Wow". This was after last months NFP and I was on the winning side of the rally. I made close to $200 that day, and it was a great feeling.
I was in tears when the whipsaw took me for a ride after the Fed pause, and I was closed out of my positions, then to see the next day gains. I closed my account right after out of pure frustration.

Just saw this today on FF...

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Taking a beating, been there before.

THINGS TO DO BEFORE TRADING

1. RELEX YOUR MIND PUT 99% OF YOUR CONFIDENCE

2. CHECK THE UPCOMMING NEWS. DO NOT TRADE THE CURRENCY/PAIR IF THE NEWS IS COMING

3. FIND WHERE IS YOUR ENTRY POINT

4. FIND WHERE IS YOUR STOPLOSS

5. FIND WHERE IS YOUR FIRST TAKE PROFIT

6. FIND WHERE IS YOUR SECOND TAKE PROFIT

7. BE STRICT WITH YOUR MONEY MANAGEMENT!! DO NOT CHANGE YOUR STOPLOSS WIDER WHILE YOU TRADING

Do not believe in anything simply because you have heard it.

Do not believe in traditions because they have been handed down for many generations.

Do not believe in anything because it is spoken and rumored by many.

Do not believe in anything simply because it is found written in your books.

Do not believe in anything merely on the authority of your teachers and elders.

But after observation and analysis, when you find that anything agrees with

reason...then accept it and live up to it.

Wow.. good thread!
Where are the 1KT traders? post your laughter and tears here

In my opinion, and as opossed to what's been posted above, the tears DONT come when you start out because you're still experimenting, reading, demo'ing, etc and you're pretty much expected to be confused left, right and center.

The sourest tears come around one year later, when you know much more about the markets but still you cannot reach consistency in your trading. Something is missing in your trading, but you cannot figure out what. You know about trendlines, you know about S/R, you know about interest rates, etc, and yet you cannot grow that mini-account consistently.

I remember those days and God knows I stared at the ceiling far too many nights pondering what the hell was I doing wrong.