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This simply means that you can store orders within your online trading platform for future use.Many online trading platforms have the ability to allow you to "simulate" real trading. This means you can enter and exit orders without any money being at risk. In my humble opinion this is an absolutely tremendous feature. Many people also refer to this as a practice account. Forex Trendy It's sort of like driving around on an empty parking lot on a Sunday when you have your learner's permit. It gives you an opportunity to familiarize yourself with and master the basics before you go out onto a busy street.It's a classic mistake that is just a recipe for disaster. If your next trade just has to be a winner or else you won't be able to pay the rent or buy food for the family then you just can't trade objectively.

Generally this is referred to as "trading with scared money". Trading with scared money will always lead to trading out of emotion rather than logic.If you are in this situation then stop trading immediately. Make sure you have your monthly expenses covered and put a regular amount away for a 'trading fund'. Only trade again when you have sufficient to cover your trading system's estimated requirements.Nobody enjoys a losing trade, unfortunately that's just part of the game. It's easy to sit back and demand more and more confirmations that the trade that you are about to enter is going to be profitable. Perhaps you tune into Bloomberg and wait for the commentators to agree with your view or just wait a couple of days to be absolutely sure that the breakout that you saw happening really is happening.

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