It's really simple actually. Have you ever noticed that most traders don't make the jump from paper trading to real money trading? Either they never move over, or when they do, they lose all their money.
Something is different about trading with real money and it trips up almost all traders. Yet, no one seems to do anything about it. So, each month thousands of new traders fail...
There has to be a better way. The key question is what is different about real money trading? Many traders will want to point the finger at the brokers and say that the quotes on the paper trading system are different.
Believe it or not, that is often true. But the quotes aren't that different that they should cause thousands to fail, right?
That's not the case. That's trying to place blame when the blame belongs somewhere else. I truly believe the reason so many fail is because they want to succeed.
They put too much pressure on themselves, and they are trading with so much money (compared to their net worth, etc.) that they care too much.
This causes a negative amount of stress on them, and they end up failing due to that stress. You can only successfully trade if you are stress free.
The problem is, how do you move from a non-stressful environment like paper trading to real money trading? I think the key lies in these brokers called 1 cent brokers. You can search for them online.
They will let you trade 1 cent per pip. It's so little money that you really don't care if you win or lose, and that's the secret to success in forex trading. Just as an example, if you lost 10,000 pips on a trade (not really even possible), you would only have lost $100 in this kind of an account.