Disclaimer: I apologise in advance... I've had an emotional evening.
“When you're learning to trade, you should stay on a demo account until you are profitable.
Whoever told you that is a fucking dumb cunt.
Am I allowed to swear like that on Steemit?
Lol, like it matters.
But seriously, it is what it is. You're taking advice from a fucking moron if they're telling you to stay on a demo account until you are profitable.
Why you ask?
Because trading is not about your profitable system or being able to read the high probability setups that are shoved down all of our throats endlessly for free on Twitter and forex forums. Heck, they're even endlessly fucking repeated on Steemit by those scumbag affiliates from the horn of Africa.
If they can copy and paste a high probability setup that would make you money, then I'm sure even you can.
But no, trading isn't about being profitable. Trading is about having the psychological fortitude...
...BALLSACK to be able to cut a shitty trade loose when your meticulously planned out trade goes to the point where the market has told you that you're wrong and you have pushed your risk to the parameters of being an acceptable loss.
Yes, shock horror n00bs. Locking in a loss is a HEALTHY part of profitable trading.
Locking in a loss is what takes sack to be able to do. Giving your money to the mysterious market.
Picturing some scumbag in a cheap suit on the other end of your screen literally laughing at you as your trade goes against you and his runs further and further into profit and being man enough to be able to swallow your pride, hand your money to him, and move on.
I just had a picture of this guy when I was conjuring up that imagery.
Yes, Trump fucking Junior has taken the other end of your shitty USD longs over the past 6 months.
Anywayyy, back to calling this demo trading bullshit out.
Trading is about having the psychological fortitude to be able to calmly follow your trade plan and take a loss if the market tells you that you are wrong.
SOMETHING YOU WILL NEVER BE ABLE TO UNDERSTAND UNTIL YOU HAVE YOUR REAL MONEY THAT YOU HAVE WORKED MONTHS AT YOUR SHITTY 9-5 JOB EITHER CLICKING A MOUSE WHILE SOME WANKER WITH A COMB OVER LOOKS OVER YOUR SHOULDER, DISAPPEARS IN FRONT OF YOUR EYES.
On a demo account, you will never be able to understand the pressure or that emotion you feel when your trade is in the red.
Wanting to just let this loser tick down a couple more pips because surely the bottom is in.
"SURELY!"
Overlaying a stupid MACD then RSI or whatever bullshit lagging indicator which has nothing to do with anything, will tell you that the market is oversold and confirm that 'the bottom is in' to your now insane mind.
The best piece of advice I can give any new trader is to get the fuck off your demo account and to put $100 into a live account and trade 0.05 lot trades.
I guarantee that you will react differently to both winners approaching your target that start to pull back, and also to losers that just keep moving away.
These are emotions that you have to learn to manage and overcome if you are to ever be a consistently profitable trader.
Sure it's just $100, but you won't keep throwing pineapples on the ground and feel good about yourself for very long. It will force you to make a change or quit.
Get off the demo, get onto a live account and tell your shitty trading mentor that he's a dumb cunt.
Peace!
The @forexbrokr Trading Strategy Series
Instagram: @forexbrokr
Website: www.forexbrokr.com
