Newbie in forex trading by uncle chan

Recently come in my mind want to play Forex trading after seeing Forex ads somewhere else that i not remember. So i tried to register and download MT4 (metatrader 4) from one of the famous online broker and start trading with demo account.

This is my first time play Forex and luckily I’m profit in the demo account. What i thought it is easy to earn in Forex market and I start deposit $$$ to the live account. I fund $100 usd to OANDA and in the end I get $97.05 which I believe $2.95 deduct by paypal as processing fee.

I start trading with real money and guess what…… Forex trading is not easy as I thought as I start losing my money by few pair EURUSD. It pretty hard in live account because you will be greedy and start worry when you see your money lost just in few seconds. In demo account you will not care the money and I bet you never or seldom put stop loss since it’s not real.

I think I need to study and analysis more on the Forex to become an expert.