What can happen playing the HIGH RISK game of foreign currency futures....!

Boyd, those are interesting thoughts regarding paper-trading....

> I hope your article won't mention
> "paper trading" as a way of
> testing oneself as a trader or as a way of
> testing a trading system.

> I can make simulated millions paper trading,
> but I have yet to make a profit as a real
> trader of some years experience and a track
> record that consists of at least 1500 real
> money S&P 500 futures trades.

> The only relation paper trading has to real
> trading is a misleading one.

For the record, I've never done "paper trading" (only trading for real).... But I'm not a day-trader really, I'm more of a growth investor....

Anyhow, why would something work with paper-trading, but not with real money? Here's my guess -- EMOTION.

With paper-trading, there's no emotion there.... What you do won't affect your life positively or negatively....

But with real money, suddenly it's emotional. You're talking about what you're doing affecting your life.... Possibly big gains or losses.... Greed and fear come much more into play, and these emotions can affect our decisions and clarity of thought....

I think it's important to be unemotional, and completely logical, when it comes to stock market investment. At least that's my approach.... :)

When you can make it less emotional, and more logical, I think your chance of succeeding in the stock market is much better....

Well, that's my guess at an answer, for what it's worth!

Dien Rice