How do people fail at this?

[qlai]

There is no such thing as direct access anymore for regular accounts. The SEC requires that all orders be screened before being sent on to the exchange.

It's still direct access (DMA) if you can specify the desired destination. If you are trading over internet, brokers' compliance checks is the least of your problems.

 

[piezoe]

It's still direct access (DMA) if you can specify the desired destination. If you are trading over internet, brokers' compliance checks is the least of your problems.

It's called DMA; it's not of course. Now, there is a screening step that intervenes. But that may not be true for all instruments. It is true for equities, so far as I am aware.

 

[qlai]

It's called DMA; it's not of course.

I think you are mixing DMA with latency. The "screening" takes a millisecond at worst, so irrelevant for most retailers connecting over internet. The main thing is that I can send my order directly to venue of my choosing. Most retailers are not getting liquidity rebates so it doesn't matter as much.

 

[SunTrader]

Ok, no one here can give you a direct answer...

Huh?

 

[DepthTrade]

Is this another thread where people talk about how easy it is, even on a demo, but can't actual post gains even on a demo.
Still waiting.

 

[Masil]

Most newbies can't resist going live with real money...emotions take over or too much greed...then...after the damage...its too late to start with the simulator phase.

wrbtrader

This is true, but am sure those here can and should read through threads like these. Because this might just save them some money in the future.

 

[noahark]

You are sounding just like a newbie. If Forex was that easy, we'll all be very rich by now. Is something not telling you deep inside that you are getting it all wrong? I bet that's why you decided to create this thread because you know deep down, it is not a that easy. You need to learn a good strategy. Here is a post I found recently, might be helpful: https://nogold.com/forex-trading-strategies-for-beginner/

 

[Vuu]

And it is exactly because demo trading does not involve emotions it is of limited valued.

I feel it depends on the way you go about it, like many would say "mind over matter". I think you are directly in charge of the kind of emotions you want from the market, be it demo or live.

 

[SunTrader]

Everyone wants to remain cool and calm when markets sizzle.

Wanting and doing in the real world almost always generate two different results.

In demo world everything goes exactly to plan.

 

[DepthTrade]

Everyone wants to remain cool and calm when markets sizzle.

Wanting and doing in the real world almost always generate two different results.

In demo world everything goes exactly to plan.

OK, prove it. Show us how easy it is. Based on your own theory, you'll fail because you'll be under pressure to prove yourself. Open a demo account and trade it every day and let's see where you end up.
Not that easy to actually do, easy to say you can.