tl:dr the question is what’s the catch, why does forex trading look like an ‘easy’ way to make money.
edit: reading back through this I don’t want to come across as though I’m saying “gosh this is easy I’ll start trading tomorrow”! I mean I’m finding it logical and it makes sense so far, so I want some other peoples perspectives 
[B]Hello all, [/B]I’ve been investigating Forex trading for a couple weeks, and am in Pipschool and running a demo account through Commsec (Commonwealth Bank Australia). I’m currently “making” a lot of money on the demo and trading seems quite easy. So I come asking what’s the catch? What am I missing?
Bit of background. I’ve done statistics at University, and my partner has degrees in business and economics. We like statistics and curves and numbers. Having a degree in Psychology and in fact having been in therapy for a few years I understand more than most how to keep my head in check, so the emotional side of trading shouldn’t be a big problem either, or at least not one I can’t work through. My career is technical - IT systems engineering so I know how to handle stress 
The commsec account is set to $20K and it wouldn’t be too hard for me to get that much money together in the next 6 months unencumbered. I’m not in Forex to make a million, I’m making around $500-1000+ a day in profit in the demo which is more than enough for my goals. I’ll hold something for between 12-36 hours on average.
I’m journalling my trades, my thoughts, writing down my trading ideas and what works and doesn’t work, and I’m using stops to limit losses, and generally paying very good attention in pipschool and the forums. I’ve lost $2K in one trade and it hurt but statistically I know I’ll win over time. Don’t get me wrong it hasn’t all been up, I’ve lost $3,300 whilst trading and I still made enough to satisfy me. So I feel like it would be reasonable for me to assume that with 20K of real money, more trading history and experience under my belt, and some more pipschoolage that I’d be able to average these kind of returns each week.
Why does this look relatively easy to do? I know two weeks isn’t a good enough sample size but I’m eager to find out what I’m missing. Have I just been “lucky”? As a cynical person I know there’s no get rich quick button or magic financial bullet, and while I don’t think Forex trading is one of those, it looks like something I could leverage. So cynical me is currently waiting for the “ahhhh there’s the catch” moment. Please point it out if you can see it.
I’m a wordy bugger so if you got this far I like you 