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mistyrains

36,517 Posts.

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27/12/15

11:35

Post #: 16688753
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Originally posted by Director12 ↑

I'm sure you'll have lots of fun. Just try to find a system to learn and then stick with it. I plan to spend at least another 12 months or so demo trading before going live (or however long it takes). I know people who are doing quite well from FX trading but from what I can see there is an 'x factor' involved that goes beyond mere trading rules (though they are important) and that takes time to develop. My view is that even though I'm only demo trading I am learning so it is not wasted time and I am not losing any money.

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The one thing that is missing in demo trading is that there is no real money involvement and thus you can't really learn how to cope with the "greed, fear factor".

When your own money is at stake, it changes your emotions in a very big way.

Price at posting: 1.0000 Sentiment: None Disclosure: Not Held
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Forex Advice, page-10

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