Thanks Patch and jacal1... these loss days haven't broken me, just made me more determined!
MightOne - the jury is out on whether I suck at life, or life sucks at me!
Re-read TRO's Never Lose Again post - great stuff.
Forex is like one of those 3D pictures, you have to stare at it and stare at it for hours and then (hopefully), you will SEE it.
I have been trading live for over a year now, and (a bit less than) 50% up. I did demo briefly but quickly moved to live - not because I was making money, but because I needed to FEEL what it was like to win and lose real cash. My max risk per trade is ?40. My day job pays OK (and I work from home
) so I am not trading with scared money, and last weeks disaster is just frustrating rather than damaging.
Also I live in the UK, and we have some funny laws over here let me tell you... I use a spreadbetting company to trade mostly, and not a forex retail broker (although I do trade EAs with Alpari). The spreads are worse, their platform is rudimentary (compared to MT4) and liable to take it's bat and ball (and my cash) and go home in a huff. It's not great for scalping due to high minimum stops and poor execution (sometimes you have to click a few times).
So why spreadbet? Because it's tax free! NO TAX. It's considered gambling. Woohoo!
Which means it's like I'm making an extra 40% on every win. For example, an extra 40% on last weeks winning would be worth... erm... uh... damn.