Replies to post #34314 on FOREX TRADERS

[SherriT]

Well, the other thing for me is with a demo, I feel like I have room to move. I can do a lot with 3K, and make profits that are notceable. With a small live account, I almost have claustrophobia and feel like the proverbial hamster on the little wheel.

Maybe I fund it with a larger amount and lose it...I dunno, but I do think that is affecting my psychology. I am going to keep going with the demo and stick to my signals...see where it takes me.

[omar572]

You are right - look where the beast is now - 148 - my first buy was at 145 but I had no staying power

[Trendfinders]

psychology is like 80% of trading in forex i think...cutting losses, taking profit, and averaging down or stepping away when needed...Its mostly about discipline and finding money management techniques that someone can stay true too..If you can do that, the rest is much easier IMO..