Forex Trading - Paper Trading

All traders say that paper trading is so different from real trading, is there any point to it? I mean, if there isn't any real coloration between live trading and paper trading, what's the point?

There is a huge point.

It's always said that paper trading is easier that live trading, and that paper trading isn't like real trading. In that statement is the key. If paper trading is easier, then if you can't properly paper trade, you most certainly won't be able to trade with real money.

Let me be clear. When I say properly paper trade, I mean turning a profit on paper. But there is a whole lot more too it than that. You need to be following rules. If you made your profit because you just enter a trade at random or got lucky in some way, then you will have problems in real trading.

However, if you're turning a good profit in paper trading following rules, then you are doing right. Sure, real trading will be different, but at least you are preparing yourself as good as you can.

It is important that you treat is as real trading as much as possible. Follow all your rules. Trade when you are supposed to.

And finally, discount it. Don't for one minute assume that you are as good as you paper trade. You're not. No one is. Discount all your paper trading. The numbers in your account balance mean nothing.

Believe it or not, that is also one of the big ways to achieve success in real trading. That is, by not caring. If you don't care if you win or lose, you won't get emotional. That will make it similar (somewhat) to your paper trading, which will make it easier for you to succeed.