....if you want to be successful at a certain subject, first study intensely how the best people in that field operate. then formulate your own style. this will give you an incredible jumpstart because you already understand the needed ingredients, its just a matter of using those ingredients to formulate your own dish. this is why i always recommend first reading the Market Wizards books by Schwagger...it interviews the best traders in the world and goes deep into what makes someone successful at trading. after you read these two books, you will be able to decipher what is good information and what is BS when reading the further material.
all we need ..some lounge chairs,pool,hot tub and some iced tea!
Hello all, I am a complete beginner to trading. I am looking to increase my monthly income and have looked at trying Beau Diamond's 5Min Forex program. Do you think a beginner with no knowledge of the markets can be successful in this program. If I stick to the program does anyone know what sort of return is possible? I have played with a couple of HYIPs and know they are very risky, and so the 5MinFX seems a good alternative. Would value any comments or suggestions. Thank you all.
But it's a proven fact that you are going to have more accidents and shocks if you start practicing without reading enough...For sure you will have some idea about what you are doing when you read rather than start practicing immediately....
Besides, in my opinion, forex is not like normal driving, it's like Formula One...The best drivers are competing, but only 1 of them, who collects the most points around the year wins....This guy reads everything he can know about the competition, look at the maps of the track first, studies his car and make changes based on the track, and then goes down on the track for a practice to test-run it before going live in the heat of the battle where either you win or lose....
Thanks,
Nader
This can be compared to Formula One if you use a big leverage like 400:1 without having enough money on your account. Like using 1 LOT having 500$ on account. I have read about leverange that can it be compared to driving so fast as formula one. Although if you will use small amounts of money there cant be any crash.
