In my opinion there are three skills that every trader has to develop in order to be a succesfull live trader. 1. Technical skills and awearness of the environment that he is in.2. Mental skills (those are most  difficult to obtain because you can develop them trough experiance and self evaluation).3. Concentration (treating your trading as a business).The differance betwean trading with your own money and paper money is huge. First of all when you are trading paper money every desition that you make is widout any stress or fear. The desition that you take with real money is under pressure and fear. That makes a huge differace in the end results. I will give you my persona experiance as a live trader. I ve been trading forex for 4 5 years mostly with paper money. Lately ive been acheaving some consistant results in the trader contest and i decided to open a live account. I must tell you that troug the first week i made every rooky mistake that  a trader can make: overleveraging, not following the trade plan, not being abel to wait long enough so my position can unfold, placing too tight of a stop. I couldnt sleep some nights due to stress, i had sweaty palms almost always. Those mi…
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