Difference Between Live and Demo

[PIPBULL821]

Hi everyone! I've traded demo for five months now religiously. I've had phenominal results and I use a conservative MM system. I just funded a live account today. I also have a work at home job so I'm able to monitor my trades all day. I'm excited about tonight's and early morning's great news releases for gbp, eur and usd. I plan to stick to my system that has been so good to me the last five months. My question goes out to the veterans and also people that may have just opened a live account in the last month or so. Other than paying commissions and keeping a sharp eye on the swap, what is the major difference to be prepared for when you first switch from demo to live (and don't say real money Thanks in advance for your input. Pipbull!

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Nothing is impossible to the man who will try. Alexander The Great.

[toukika]

The emotions. Definitely. They are a lot harder to control with real money.

The emotions of greed and "oh s**t!"

[mytwopips]

Besides what you instructed not to say, I would say nothing at all.

Good luck.

[daydreamer65]

Originally Posted by PIPBULL821

Hi everyone! I've traded demo for five months now religiously. I've had phenominal results and I use a conservative MM system. I just funded a live account today. I also have a work at home job so I'm able to monitor my trades all day. I'm excited about tonight's and early morning's great news releases for gbp, eur and usd. I plan to stick to my system that has been so good to me the last five months. My question goes out to the veterans and also people that may have just opened a live account in the last month or so. Other than paying commissions and keeping a sharp eye on the swap, what is the major difference to be prepared for when you first switch from demo to live (and don't say real money Thanks in advance for your input. Pipbull!

************************************************** ******
Nothing is impossible to the man who will try. Alexander The Great.

Wait until Monday to start trading.

Besides what you instructed not to say, I would say nothing at all.

Ditto, just do not change a thing, but of course when the
sh*t hits the fan you will.

[Yarcofin]

I wouldn't even say I started doing the things you said when I went live... I don't really care about the swap rate, and I don't pay commissions.

[mtandk0614]

Demo Account - Have a good day trading, get a good night sleep.
- Have a bad day trading, get a good night sleep.

Live Account - Have a good day trading, get a good night sleep.
- Have a bad day trading, take a shot of your favorite hard liquor, get a good night sleep

After all...dont trade money you can't afford to loose

Happy Hunting

[tymen1]

That was a very effective answer Mtandk0614 !!

[abner]

if you even have to ask that question maybe you should stick with trading a demo.

[MakeMoneyorDIE]

No difference if you treat it as being real....i still lose money in both

[IDR]

Originally Posted by PIPBULL821

Other than paying commissions and keeping a sharp eye on the swap, what is the major difference to be prepared for when you first switch from demo to live

Your bank account.