I drew trend channel lines but Ican't foresee trend reversals

Answer
Rick over at http://www.forexnewstrader.com is a master scalper. He scalps 1 min and 5 min candles, news events and serveral other strategies. Check him out.

What is the truth about forex?

I traded succesfuly in a demo account for 3 months, now if i can make a 10 % monthly accumulated, then it seems like i can score a million in 4 or 5 years. now what's the catch ??

i use scalping and also trade in 15 min frame trading, use several indicators, now there are several miths (or thuths i dont know) out there about forex: it's a zero sum game !!! ecn dont manipulate your prices like market makers do!!! forex is a scam they hunt your stops and or manipulate prices, they delay your orders !! when you start making a lot of money they close your account !! they dont let you withdraw your money!!

It takes a little comon sense to realize that it is not a zero sum game since a currency pair that moves 100 pips in one direction from 1.2810 to 1.2910 ten guys can make ten pips each buying and selling each other. and even the last guy could probably buy for a longer position and hold for days or weeks with larger stops.

I also heard that things changes when you move from a demo to a real live account: with slippage and other problems.
Now with so many scams it is hard to make a desicion about what broker to choose.
FXCM, CITI, SAXO, CMC, CMS, OANDA, ETORO, FOREX.COM, GFT. Seems to be the best rated, but then again is so easy to fake a review, plus i found all of them to have negative reviews in some websites.

My question is what is the technical difference between a real and demo account, not the emotional of course when you trade a real one you risking hard earned money. i also found this link in wikipedia: http://en.wikipedia.org/wiki/Forex_scams
CFTC investigated more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million.

So im looking for somebody out there that has been trading succesfuly for more than a year, and tell me his/her experience regarding all this matters. What is the best broker, ecn and so on and on.
I appreciate any help and comments, best of luck.
thanks comon sense, i thank you for taking the time to answer was expecting more especific information.

Answer
I was , like you, very interested in currency futures trading; this was many years ago.

Like you, I played around with a demo account, and after a while, my results looked quite good so I started a real Forex account.

Within a few months, I had not only lost ALL of the initial money I put in, I was on the hook for many thousands in Margin Calls. I finally got out with a significant loss.

Much later, I had a friend who knows some of the inside scoop on Forex, and he explained that in the demo accounts, they kind of rig it so that you always get the best price quoted at the time you put in a trade - in other words, there is always a "virtual" buyer/seller for you at your ask/bid price, to take everything you have to sell/buy.

This is not so in the real world. If there is buyer/seller imbalance, the prices drop or rise very fast, you will be caught before you know it. If your capital is insufficient to meet margin requirements, they phone you and ask you to deposit more money, or they will get you out of the position at market pricing - which almost always means a huge loss.

This is not meant to discourage you; but rather to let you know that the odds are stacked against the individual investor; there are hundreds of professional traders backed up by sophisticated computer systems on the other side of your trade - what do you think your chances are of winning against them consistently?