You will never be a successful trader if you continue to live in a state of denial. First of all make sure you are not trading under stress. When stressed out you can’t see clearly, you become rigid and unable to see alternative views.
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments.
You may trade like on a real account just remembering that all these money are not real. Demo is used for testing new strategies and learning before going live. So, you should do the same things you are going to do live.
The terminal has to become your companion instead of being an unknown environment. You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.
All Forex traders at some point of time or the other experience a losing trade. It can either be a small loss or a massive loss. Many traders get discouraged once they incur a loss and give up trading.
Traders often begin with a simple strategy, and see a small return. They then assume that if they continue to tweak their system, taking into account a few more variables, that they will increase their returns.
TopGoldForum is for over 10 years, one of the prime online destination for online money making, forex trading, offshore companies, investments, online payments and crypto-currencies like bitcoin help and advices. More about us.