It’s easy to win in Forex … easy?
It’s easy to win in Forex … really? This question has two answers.
One: when operating in a demo account is very easy to win.
Two: when operating in a real account is more difficult.
In principle, operate with real money is a most difficult task to operate in a test platform.
And why the difference?
Neither more nor less because the operator, without doubt, has not been detached from the emotions.
In a test account operator does not give importance to what they earn. No such gains associated with their wallet. With the real account is different: losses and gains will permanently remember how hard it was to get those funds.
The goal, the challenge for operators is to treat forex as a business: emotion out.
An operator that passes from a demo account to a real account, because they feel safe in itself, has felt comfortable with its operations and is able to successfully repeat, must be able to control their emotions to stick to your plan.
The operator must incorporate into their professional discipline essential to enable it to continue its pre-determined, regardless of the emotions that appear when you are in the market or trying to open a position or handling a transaction done.
If you are able to understand this business like a business in itself and manages to control his emotions, the operator will get the same results as a test account.
So … how do we make the transition from one account to a real test?
First things first.
The demo account, the test will give you many opportunities to develop your plan, know the market and yourself. You can “do that …” without risking your capital.
The road follows step by step, gradually.
Then, when 1) you have taken your time sharpening the pencil on the demo account 2) have accumulated some gain 3)’ve prepared your plan 4) you feel safe and comfortable you can move to the next step: the real account. 1) 2) 3) and 4) are conditions sine qua non. All.
Obviously, step by step means that beginning with small operations, this is a mini-batch, or 10,000 units. No more for now.
This has the advantage of helping you control your emotions: the potential losses are not important. Gaining or losing just lets you act as you did in the demo account … that’s the idea.
When you are able to earn profits through winning a series of operations, increases the size of the transaction, such as 2 mini lots.
Repeat the steps until you believe it is easy to do and that you are able to generate profits.
At this level you must understand you are not operating Forex to make money but to accumulate knowledge. Is the price of market entry. This is key.
What we’re doing is to develop an emotional comfort from increased volumes and the sequencing results. And here is an error of most traders: very often people work too much money to risk it can endanger your account. As a result the nerves appear and the lack of control leads to disaster. In this case they “want,” “beg” to analyze and operate.
If you are in this situation, close the open position, operations and do not reconsider. Maybe you should start the process again.
Following the steps above, surely you will notice that your focus is more on the business, analysis and operations in the money. And that is the truth and the key to the business.
Take care to make the Forex “your business”, treat as such and then the money will come as something natural.
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