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Replies to #27086 on FOREX TRADERS
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traderdon

12/02/08 1:42 PM

#27088 RE: daiello #27086

Thats my plan! thanks for the advice! How long you been doing it?
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villas

12/02/08 1:50 PM

#27093 RE: daiello #27086

I can attest to that, I hate to admit I am down quite alot. There is a HUGE difference trading real money vs play money.
Start really small, take your time, even on demo accounts.
Don't be afraid to take a loss (my biggest downfall)
Don't use more than 5% of your capitol (margin call danger on sudden moves)
And even tho there is lot's of chatter today about averaging down be very careful to watch your available margin. I have been margined out too many times because I lost focus of that aspect.

Always remember, this is no different than gambling, don't take more to the table than you are prepared to lose!!!