Saturday, November 24, 2007

Trading scared money in Forex part 2

Let's now talk a bit about my real experience.
Was I scared to lose money in Forex? Not really. But still something bothered me. And it was - fear. Ironically it was a fear of losing my first real trading account in Forex. Yes, exactly like that. I didn't mind losing my investment I was afraid of becoming a loser in my first practice and join the bench of losers , those 90-95% of all Forex beginners who blow up their first trading accounts...

How did I cope with it? I shortened my trading lot size and started trading cents. I felt ok, but earned nothing. One day I promised to increase my lots and earn more.
It took me over a month to get over my fear.

Eventually, I've started trading with standard lot size. I was never scared again to be among losers, I felt ok about losing... may be because of that 1 month of practice with small money and building my confidence in the system I trade helped me to overcome my worries.

Cheese ~C:>
 
Scalping ForexTrue Forex Trading