Overview

Overview

You’ve been trading a demo account for a while now. You’ve read about technical analysis, fundamental analysis and you think your pretty on top of it. Your demo trading was extremely profitable – you made $25 000 profit on your demo account in just one month. You decide you’re going to begin trading with real money…

You open a real account and deposit $10 000 – a significant portion of your savings. Your first trade loses: -5%. Your next trade loses: -5%. You’re now down $1000 in two days. You think to yourself:

“That took me a week to earn that money, now it’s gone in two days!”

What’s different here? You had two losses in a row on your demo account, you came back. You weren’t scared – it was like a game, it was fun – it even seemed easy.

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Trading Forex with real money isn’t a game. The psychological difference between actually losing $1000 and losing some numbers on a demo account cannot be quantified. To be successful, you need to overcome this. You were extremely profitable on the demo account and if you stick to your guns and trade the same strategy – you will come back. In fact, if you’re trading with a positive risk to reward ratio – you’ll be back at breakeven on your next trade … and in profit on the one after that.

Trading psychology is often paradoxical; fear of losing can cause you to lose, ‘knowing’ you’re on a good trade is often even more damaging. To be successful, you must detach from these feelings. To be a successful trader; you need to be ‘cold as ice’.

From Module 3, we encourage you to take the next step in your forex trading (if you’re ready of course), and open a live account with Vantage FX.

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Vantage International Group Limited is regulated by CIMA.

Important

You may prefer to apply for an account with our Australian Regulated Entity – Vantage Global Prime Pty Ltd.
Vantage Global Prime Pty Ltd – an ASIC regulated entity offers additional regulatory protections and safeguards that will not apply when opening account under our Cayman Islands regulated entity. These safeguards include restricted leverage, negative balance protection, a mandatory 50% margin close out rule, client money protection under ASIC Client Money Reporting Rules 2017 and access to an external dispute resolution body – the Australian Financial Complaints Authority (AFCA). Click here to open an account with Vantage Global Prime Pty Ltd.
Alternatively, you can continue with your current application under our CIMA regulated entity.

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