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Originally Posted by eribrav
I would add one more key question: Have you developed a true method to your trading? Can you write it down and explain it to someone else? Can you backtest it and show it has worked in the past? Can you establish what your odds of a winning trade are and (far more importantly) when you will cut the losers?
I can assure you, it is not going to be easy. Essentially everyone you will be trading against is going to have more experience, more knowledge, and better skillls than you, at least for several years. Paper trading is a great way to learn but realize that when you have real money on the line, it's going to feel a lot different.
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Just another quick thought eribrav: it actually makes no difference to me or anyone in the forex trading business how well or badly anyone else is doing. No-one can influence my earnings (or losses) other than me. I have learnt the hard way that what you put out there is what you get back. If you believe it's going to be difficult, it will be, and vica versa. This business takes a certain amount of 're-programming' of established and useless beliefs about life that are drummed into us from an early age. I know for myself, that my life changes in all areas according what I am feeling, thinking and believing inside - just as it does for anyone else.