What's the catch?

Hi all i am new to this forex thingy… i’ve been trying some demo accounts for few days and making some profit with only few losses here and there… it sounds too good to be true… i want to know what will be the difference in the live account…

A few days is nothing but luck. Try to make steady gains for a few months and then you’ll know what the catch is.

i think i m gonna go live soon. i have the money sitting around for way too long and finally i found something interesting to do with it.

The trader in me says, “Sweet! More dead money to make my wallet fatter!”

The teacher in me says, “It’s way too soon for you to go live. This is a vicious beast and it will rob you blind if you are not prepared. This is not easy money.”

exactly. keep this up for a few months and that’s awesome

Heres an idea,

Send me the money you were going to put in to a live account. Play the demo account for six months pretending it was real. In six months I’ll give you back half of what you gave me. :wink: You’ll actually be greatful for it, lol.

Hell, if I could get back half of what I blew in my first six months live, I’d be greatful! Heck, I blew 3/4’s of my account in my first month live!

Take it from me, be patient, play the demo and when you’re making consist profits, I’m talking 6 months plus, solid with no big drawdowns, then consider putting real money on the line. And even then only some of it.

BTW, thats at least 6 months without a big drawdown. That could be 2 years from now.

you guys must be right but the temptation is too much.

u need to master temptation in forex, else u’ll never make it!