After carefully and dutifully examining the market, i decided to give something av noticed a try...and in order to keep proper track of what am looking at, i decided the best option will be to post my pending and actual trades online so i can easily monitor and remind myself of the adventure am starting...
I do not intend to teach or show any system/strategy/approach here...you'll find more than enough of that to grow and be profitable with here on FF only if you adhere to some basic principles.
Stay focused on a particular approach to the market...dump it if after 6 months, you still find it difficult to master it and be profitable with it...what works for someone else, might not work for you....Find what works for you..stick to it..and grow on it...
Now the big question...is it really possible to make it big with just $200?...I mean trading $200 to six figure number?..Well, nothing is impossible to them that believe..thats what The Bible tells me...and you know what? I BELIEVE..
So, here we go.....let the adventure begin
Let me ask...What is your mind set when you decided to learn to trade...make money quickly...turn $200 into $2,000,000 in 1 year [lots of such hype exists even here in FF].....learn to trade in 2 days, then trade for 6 months and retire very rich?...well such ''wrong'' mindset is the very solid foundation for failure right from day one.....dont get me wrong, it might be possible, but your approach to this highly technical business [which only becomes simple over time with much dedication and hard work] matters a lot and if you start off on a wrong note, you'll surely end up on, with and in a wrong note....
Let's get some things straightened out so we get the right perspective of things here as regard forex trading [ I speak from my own personal experience and my views are strictly personal]
1. You can NEVER and I repeat NEVER learn to trade in 2 weeks how much less 2-3 days....Not even 2 months is enough for you to
master and tame this monster... I feel sorry and pity my own people in my country that listens to all the hype of learning to trade in
2-3 days and making so much in less than 3 months. Sometimes I even wonder why educated, much travelled and exposed people
fall for such hype....blinded by their own greed i guess.
2. Forex trading is not an easy until it becomes easy...yes i know most people i've interacted with will say..''but you tell us its easy''..
yes what i do is easy for me, but wont be easy if you dont put in the much needed dedication to learn, practise and get used to it.
STOP LOOKING FOR A QUICK FIX. Get to work and do some real hard study...yes hard study....Tell me was ur first time on the
wheels an easy time? NO..but with time and much driving you get used to the wheels and when you own a car, there's this feel and
connection with the car you develop after a while...same scenario plays out for forex...you develop a feel of the market and atimes
you can almost ''feel'' when a signal is not right...i cant explain that and it cannot be taught...you need to develop this personally
and that comes with time and practise...believe me on this [and the ealier you do the better], there's no short cut or quick fix to
this.
3. There will always be times you'll loose money and so equity management becomes important to stay alive in this forest [sorry
forex] jungle..I had a big problem accepting this fact and i paid dearly for it...The earlier you do the better...Always have a plan in
place before any trade is taken...put your stop loss [you need to learn how to properly do this] and never adjust it except when
you can adjust to BE or lock in some profits....determine how much you're risking before palcing a trade..trading this way, you'll
soon develop that cold heart of steel required to succeed in this war of kill or be killed....Equity management is as important [if not
more important] as your techique or strategy [whats the difference----technique/strategy].
More facts i'll like to point out, but lets stop here for now..already an epistle which was not intended.....see you soon enough on the side of green pips...
Victor.
I do not intend to teach or show any system/strategy/approach here...you'll find more than enough of that to grow and be profitable with here on FF only if you adhere to some basic principles.
Stay focused on a particular approach to the market...dump it if after 6 months, you still find it difficult to master it and be profitable with it...what works for someone else, might not work for you....Find what works for you..stick to it..and grow on it...
Now the big question...is it really possible to make it big with just $200?...I mean trading $200 to six figure number?..Well, nothing is impossible to them that believe..thats what The Bible tells me...and you know what? I BELIEVE..
So, here we go.....let the adventure begin
Let me ask...What is your mind set when you decided to learn to trade...make money quickly...turn $200 into $2,000,000 in 1 year [lots of such hype exists even here in FF].....learn to trade in 2 days, then trade for 6 months and retire very rich?...well such ''wrong'' mindset is the very solid foundation for failure right from day one.....dont get me wrong, it might be possible, but your approach to this highly technical business [which only becomes simple over time with much dedication and hard work] matters a lot and if you start off on a wrong note, you'll surely end up on, with and in a wrong note....
Let's get some things straightened out so we get the right perspective of things here as regard forex trading [ I speak from my own personal experience and my views are strictly personal]
1. You can NEVER and I repeat NEVER learn to trade in 2 weeks how much less 2-3 days....Not even 2 months is enough for you to
master and tame this monster... I feel sorry and pity my own people in my country that listens to all the hype of learning to trade in
2-3 days and making so much in less than 3 months. Sometimes I even wonder why educated, much travelled and exposed people
fall for such hype....blinded by their own greed i guess.
2. Forex trading is not an easy until it becomes easy...yes i know most people i've interacted with will say..''but you tell us its easy''..
yes what i do is easy for me, but wont be easy if you dont put in the much needed dedication to learn, practise and get used to it.
STOP LOOKING FOR A QUICK FIX. Get to work and do some real hard study...yes hard study....Tell me was ur first time on the
wheels an easy time? NO..but with time and much driving you get used to the wheels and when you own a car, there's this feel and
connection with the car you develop after a while...same scenario plays out for forex...you develop a feel of the market and atimes
you can almost ''feel'' when a signal is not right...i cant explain that and it cannot be taught...you need to develop this personally
and that comes with time and practise...believe me on this [and the ealier you do the better], there's no short cut or quick fix to
this.
3. There will always be times you'll loose money and so equity management becomes important to stay alive in this forest [sorry
forex] jungle..I had a big problem accepting this fact and i paid dearly for it...The earlier you do the better...Always have a plan in
place before any trade is taken...put your stop loss [you need to learn how to properly do this] and never adjust it except when
you can adjust to BE or lock in some profits....determine how much you're risking before palcing a trade..trading this way, you'll
soon develop that cold heart of steel required to succeed in this war of kill or be killed....Equity management is as important [if not
more important] as your techique or strategy [whats the difference----technique/strategy].
More facts i'll like to point out, but lets stop here for now..already an epistle which was not intended.....see you soon enough on the side of green pips...
Victor.
God's Love For You Is Sure Never You Doubt It