How different is Forex trading from a dummy account to doing

Completely different.

Everyone makes money in demo.

>>2302925
Even if the demo is basing stats off of real-world information? Can you give me an example as to what is different and why I wouldn't make money in the real world?

>>2302798
babypips.com/school

>>2303022
>an example as to what is different
losing real money can be traumatizing for some people. you will always have losing trades no matter how good you are. some people deal with it better than others. some people freak out because they thought basic things like money management didn't apply to them and they blew half their account because of stupidity.

>>2302925
This. Obviously if you are averaging $9k a month, you have to try for real. But you will 100% find out that it is nothing like your simulated practice. Emotions and second-guessing yourself become a factor. Don't even try to be a fucking tough guy and pretend like you are different than literally every human being on the planet. Not saying you can't make money, but all of a sudden it will seem like opportunities are rarer and risk is greater.

In a survey from a few years back, 93% of independent forex traders lost money. Average amount lost was like $10k. Feel free to try it, but don't say nobody warned you.

>>2303973
Already know about that site. I'm asking for differences between real world and demo world. Babypips doesn't cover the differences, if there are any.

>>2304034
That's what I was expecting, too. I lose trades, maybe 1/8th of the time I lose something, but never more than about $500. And my average gain is around $500-$800. I'm nervous about doing it for real, but if I am even half as good in the real world, then I'd still be profiting.

>>2304216
I'm not pretending and I am genuinely nervous about it. That is why I'm asking for examples. According to Fidelity, this program is pretty accurate. They are the ones that recommended I practice with it before hand.

I'd still like some examples. I already expect the pressure of real money will weigh heavily on my psyche, but if I can overcome that, I think I will do fine. Unless, again, there are things I'm not aware of with a demo account.