Most professional traders will tell you that mindset is the biggest obstacle to overcome when learning to trade the Forex Market. Well they happen to be correct. Many pay thousands of dollars just to learn get into the right mindset. Many say to start on a demo or practice account. That way you learn the trading basics and don't lose any actual money while still in the learning phase. However, demo accounts can be a double edged sword.
Demo accounts are fantastic in the sense that you learn the ropes, get a handle on your strategies, and even see what the market can do so you won't be surprised when trading real money. However, the biggest problem with demo accounts is that it may have adverse effects to your mindset when you actually start trading since you will not have experienced the agony of having your money being depleted as a trade goes against your position. You will never know what it feels like to sit there and watch your trade go south as you lose real money. Many people experience either deer in the head lights syndrome and can't pull the trigger with real money or panic when a position goes the wrong direction. The Forex market can be quite unforgiving at times. When trading Forex or Futures you must be emotionally removed from your money. That is the hardest mindset to achieve.
Say you become a very successful trader on your Demo account and feel like you are ready for the big time but you still have that lingering feeling of not wanting to lose your money. This could hurt your mindset while trading. To get into the correct mindset you need to trade your real money account as you did in your Demo account. Stick to your strategies and rules and you should do better than most.
How do you think your mindset would be if you could trade real money without fear of real loss? That would change your whole outlook on the matter wouldn't it? It definitely would. Something like that could put you in the correct mindset to make a lot of money. Trading with real money and real potential profits without the fear of loss could be potential freedom and that's something a good number of people would pay a lot for.
So what am I talking about? We are setting up a Forex Prop Trading Program that will allow you to trade our capital and share in the profits and not the loses. The program is designed to give you a professional level education and reinforce professional trading behavior. In addition, you will get daily market updates and have discussions with the professionals. Got to http://www.TradeOurCash.com for more information or go to our main website at http://www.YourTradeRoom.com
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