Most people who starting to engage into forex trading will start their practical journey with a demo/dummy account. There are many ways to success in forex, from reading a lot of forex trading book, learning fundamental and technical skills, discussing certain topics in forums, using custom indicators, and off course many other skills that I have not included above. This time I will cover a slightly different side of unsuccessful of forex trading. Do you ever realise why you can make a big profit in demo account but blown up your live account within month or week or even day or worst in a hour? Simple because you are not yet ready for a real live trading eventhough you might think it is a good time to go live. Newbie/beginner traders often do not realise that demo and live account has a very big difference in terms of emotions of greed & fear, anger, self pity and many other psychology related. A wise trader often once says that there is only a thin of paper barrier divided between a good trader and a bad trader which called emotions. We are human and it is normal to have a desire of winning every trades and getting a big positive number in trading forex but is there a holy gra…
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