Demo in Profit and Real Account in Loss

Dear friends

I have ranted and raved in the past about making losses in the past. But I went to a personal development course last weekend, and I made some key discoveries. They seem rather profound to me, but might appear very routine to you.

1. Making losses in forex trading was my fault. It wasn't the broker's fault or training faults. The fault was mine. Most importantly, poor risk management on my part.
2. Human emotions play such an important part. When I started, I had confidence. Yet, why I made losses in forex was also because I was so scared about making losses, that I made my losses real. I had great advice from my broker, was developing good knowledge and also heading down the right path for someone who only recently started in forex.

Also, for those who are interested, I've made my demo performance and my real account's performance public.

I actually had some issues connecting my demo via MT4 (again, I was really new) - so I only started trading on the demo on MT4 recently. But, it's amazing the difference between my demo's performance vs real account.

Demo - I've practically doubled my account. 10k is now almost 19.2k.

Real - I've lost 5k. Admittedly, it was one night of bad decision. Otherwise, I was just breaking even. But, too many bad nights like that, and most people end up on the street!



Happy to hear your views on what one can do to settle the mind and build confidence.

Hi samgrey,
I suggest you to stop trading real account.
it can save you money , or just use cent account.

You better practice demo account to get more experience
don't trading real money, until you have an edge , otherwise it's just gambling.

Good luck!

Hi samgrey
I think you already know the answers, but I will point a couple out for you anyway.
OVER LEVERAGE. Mate 0n 23/26 Oct you had 12.5 lots running at the same time. Geez. Thats' $125 per pip. You are trying to get rich quick. Unless you get real lucky there is no such thing.
What on earth possessed you to go Long EU & NU.? & where was your SLs.
The name of your trade explorer is biting you on the A$$. Let me tell you. "Fools rush in" in Forex too.
Word of advice: You still have $10000 in your account which gives you the benefit most on FF do not have. "EQUITY" With equity you have the means to trade through your mistakes.
So. Don't give up. Toss the demo account. There is NO comparison.
Trade at 0.10. ($1 per pip) until you are running at 70% or better.
Do not enter a second trade or add to the first trade until you are at least 20 pips in profit. You can then lock the trade in at BE before adding to it or another pair.
Make sure you have SLs in place.
ALL trades must be confirmed on the $H chart before entry.
Do you homework BEFORE any trade entry.
Cheers

Taking responsibility for your actions is probably the single most important thing to any trader; it all starts from here.