Last month I started to learn how to trade on the Forex.
I spent days and night reading stuff and not really understanding all of it.
I then started to trade on the ACM-FX demo platform Nov. 25th with a basic account of $20 000
I blew almost half of it until Dec. 2nd ($12 197).
Of course it's hard to be in the shoes of someone investing real money... but believe me... I really tried to play like it was real... I did some experiments of course... but real losses came from very small investiment and huge mistakes.
After a long string of losses, I was so pissed off at myself and not understanding a thing to what I have been doing wrong, I took the time to just look at the screen all night long each and every charts and try to find patterns.
I then tried a small trade, got it perfectly... a bigger trade... go it nicely... a much bigger trade... no problem
From Dec 2nd. until now I have a string of wins with all kind of currencies pair and brought back my account up to $28 523.36
That is a real epiphany for me... but have difficulty to understand why and how I am capable to do that with so little training, so little TA and FA analysis.
During this period, I made about 80 trades, among it 6 mistakes averaging a couple of $100s and 1 big mistake from a stupid experiment that cost me $2550.
... so of course after this kind of success, it is extremly tempting to go real... and I of course do not feel it is very wise to start that early.... but I would like to know if anyone have this kind of experience... what happened next and what I really should do to get my self confidence in trading to be lowered a little bit before I blew a real $10000 account.
Thanks for your help.
Greg
I spent days and night reading stuff and not really understanding all of it.
I then started to trade on the ACM-FX demo platform Nov. 25th with a basic account of $20 000
I blew almost half of it until Dec. 2nd ($12 197).
Of course it's hard to be in the shoes of someone investing real money... but believe me... I really tried to play like it was real... I did some experiments of course... but real losses came from very small investiment and huge mistakes.
After a long string of losses, I was so pissed off at myself and not understanding a thing to what I have been doing wrong, I took the time to just look at the screen all night long each and every charts and try to find patterns.
I then tried a small trade, got it perfectly... a bigger trade... go it nicely... a much bigger trade... no problem
From Dec 2nd. until now I have a string of wins with all kind of currencies pair and brought back my account up to $28 523.36
That is a real epiphany for me... but have difficulty to understand why and how I am capable to do that with so little training, so little TA and FA analysis.
During this period, I made about 80 trades, among it 6 mistakes averaging a couple of $100s and 1 big mistake from a stupid experiment that cost me $2550.
... so of course after this kind of success, it is extremly tempting to go real... and I of course do not feel it is very wise to start that early.... but I would like to know if anyone have this kind of experience... what happened next and what I really should do to get my self confidence in trading to be lowered a little bit before I blew a real $10000 account.
Thanks for your help.
Greg