thread: Lost...?

Hello everyone,

I got interested in Forex when I saw some infomercial. Since then I have started a demo account and to open a mini account to take advantage of a promotion. Even if my first real trade occurs a few months from now I simply want that account ready for me when I'm prepared.

That having been said, I have pretty much been practicing and reading. I have read the walk through at forex.com. I have also read some trading strategies within this forum. However, that's been the extent of my knowledge. I will take part in GAIN Capital's Learn to Trade Forex.

In all honestly I'm completely lost. I do not know up from down, that could be bad, anyhow? I really do not understand what's going on or where to go from here. I have learned a number of courses on the demo accounts, thankfully hard lessons are learned on the demonstration.

So basically I am just searching for some guie. At my current knowledge, which can be very very minimal, where do I go from here? I'm giving myself 1-2 months to examine and demo trade before I make this initial trade. It is very important to me that I'm 99.9% comfortable when I start getting into it to get'real'. However, I also don't wish to make it such the case that I'm taking forever upon eternally to really get into it to get'real'.

So basically this drawn out article comes down to the,
1. Where do I go from here?
2. Do you think 1-2 months is enough time to get abilities to be profitable in Forex?

Hello everyone,

Well I have interested in Forex when I saw some infomercial. Ever since that time I have begun a demo account and soon to open a mini account to take advantage of a promotion. Even if my first actual transaction occurs a few months from today I simply want to have that account ready for me when I am prepared.

That being said, I have pretty much just been reading and practicing. I have read the walk at forex.com. I have read a few trading systems on this forum. But that's been the extent of my knowledge. Soon I will participate in GAIN Capital's Learn to Trade Forex.

In all honestly I am completely lost. I do not know up from down, which could be bad, anyhow? I truly do not understand what is currently going on or where to go from here. I have learned on the demo accounts, thankfully lessons have been learned on the demonstration.

So basically I am just searching for some guie. At my current knowledge, which can be very minimal, where do I go from here? I am giving myself 1-2 weeks to examine and demonstration commerce before I create that initial trade. It is very important to me that I am 99.9% comfortable when I start getting into it to get'real'. But I also don't wish to allow it to be such true that I am taking forever upon forever to truly get into it to get'real'.

So basically this drawn out article comes down to this,
1. Where do I go from here?
2. Can you believe 1-2 months is enough time to acquire skills to be profitable in Forex?

Hi,

I cant really suggest you concerning demo and times since I think Im one of the few which never traded demonstration (only 1 week) and obtained in life from beginning.

Based on my experience I needed to loose 50 percent of my actual cash to understand how to move.

Now after 6 weeks of trading my own account size is quite good for me, but if im'oriented' largely the times, sometimes Im really disoriented, as well as the market looks for me just a big jam..where no one knowns what to do and we finish to head all in our own direction developing a huge caos.

Just play with it real (micro lots)

I dont believe I would have learned as I did today if I used demo account before today.

Regarding where to go out I agree with Renasdad.

Begin to use few indiors, for oriented.
Each indior is good, as much as you possibly get oriented using them.

Thank You for the Responses. Espically the links renasdad. I guess with the whole if to go will only come down to a judgement call. Maybe ill be dead cash, perhaps I won't. Either way I am willing to accept my end result.

Thanks again, I appreciate it, I look forward to being a part of this community and I will give back more than I consider.

Thank You for the Responses. Espically the hyperlinks. I suppose with the whole when to go live will just come down to a judgement call. Maybe ill be dead cash, perhaps I won't. Either way I am ready to accept my result.

Thanks again, I love it, I look forward to being part of the community and hopefully I shall give back more than I take.

Just keep moving forward. Like Trucco stated, some folks don't demo trade in any way. I have been into Foreign Exchange for approximately 3 yrs now and I am back into demoing back again. There is not any sense to exchange live if you can't create any pips. Is your emotion. And if you say you won't get emotional, you are mistaken. You will, trust me. That is an area that a individual must read about and know themselves to comprehend how to not get emotional but for the time being, those links can help in your understanding a bit more. Glad to help.

Just keep moving ahead. Like Trucco some folks don't demo trade. I have been into forex for about 3 yrs now and I am back to demoing. There's no sense to trade live if you can't create any pips. Is the emotion. And if you say you won't get emotional, you're wrong. You will, trust me. That is a place that a person needs to read about and understand to understand how not to get emotional but for the time being, these links will help in your understanding a bit more. Glad to help.

I agree with you again
If you trade real, your emotions trade with youpersonally, and for persons like me this is a necessary path to understand how to trade (or at least try it ), because I think Im an impatient person and'm not able to understand if what im doing isn't touching me so I needed to see my money flying off to enter the game.

Trucco, that is how a feel like I am not into it all too much at this time. I really want to get to it, but to me it really is all fake now. Granted I've invest my time to, I have to spend my money. I am able to practice and practice but I suspect there'll be major gaps in my personal trading style involving the live and demo. My efforts right now will allow me to in the proable region and that will carry over for the most part.

It just really doesn't seem real at this time, and that's really bugging me.

Perhaps I found my way back to the road up the mountain ^^;

When I started, I was demoing and I would make a trade and not care if I lost or not make it fake. When I won, it was cool. There were not any emotions in any way. I did find out alot though since I sat in the front of the pc for 10-12 hrs sometimes watching charts. Then the day came I decided I was ready to start a live account shortly. And that is if realiity hit me. I need to make some pips to make money. I made myself look in my demo account as though it was . I felt that the feelings even. I thought to myself man that is great, a trade like that with real money. I would get excited and nice. I body would get all hot and I could feel the adrenaline. Simply by telling myself it is real and this is the way I'll do if it is. That helped a lot.

It's like in basketball in school. My coach taught us to close our eyes and picture shooting freethrows. Imagine throwing the ball up there and following through and watching the ball go at the basket. If I set my mind to it, it helped. Perception is awesome.

I can practice and exercise all that I need, but I suspect there will be major differences in my trading style between the live and demo.

The notion of practicing will be to locate a method which works for you BEFORE you go live.
There should be no DIFFERENCE between your presentation method and your live method.
Once you know you can trade profitably on a presentation for a month or two, you'll know that when you put a live trade exactly what your risk is going to be and you'll live happily with that loss, since you know that there will be winners to offset that bad transaction.
Although you may believe that'if I'd been live I might have banked those 150 pips' only return over the charts, and you'll see lots of these bigs moves have happened before, and will occur again.
But using a demo, you'll have practiced putting onto these great trades, and plan to run together.
Peter

Pick a currency to start trading the most popular is eur/usd. The gbp/usd moves a little faster with pips in a day. Then study it on how it moves for instance currencies start their big moves around 2am till 12 noon eastern time. See the patterns and listen to this news events which forum has a news calender.

I wish to thank everybody for their replies. I really appreciate you spending some of your time helping little oh me. I've come away from this post with valuable information and a different outlook on my future in FX. And so for that I thank you.