Brand New, not even beginner!

Welcome to the 4X market! Don't pay any attention to some of these people in these forums. You don't need to grow a set of balls or "get tough" to handle this market. Just don't waste too much time being de-railed by people who spew crap like that on this forum. This is a place for help, support and to bounce ideas off of people.

As mentioned before, go to babypips.com and go through the site inside nnd out. Get a demo account and practice on a system for a LONG time so you feel comfortable. Just be ready, no matter how long you have been kicking butt on a demo account, keep in mind going live is completely different game. At this point it is all mental.

Good luck to you, and pay no attention to the haters. We are hear for ya!

Stefy, some of the best advice I can give of a general nature is this:

1. There's no harm in listening to what everyone has to say but be extremely selective about who you take advice from.
In time you will become adept at distinguishing what's real and what's nonsense.

2. No one on this forum (or anywhere else) has your best interests at heart more than you yourself. Trust yourself.

4. Beware of people who are cloyingly sweet. Nine times out of ten they're either trying to screw you or take your money or both.

5. Yes, I'm a cynic. It's a defense mechanism I've developed over the years to deal with the steaming stinking mountains of pure unadulterated bullshit encountered daily in these public internet forums. I'm also a reasonably nice guy and rarely kick my dog unless he really really deserves it.

3. Think. Use your brain. It's the most precious indicator in your arsenal. Take nothing for granted. "Question authority" is not just a bumper sticker.

4. If you aren't already a skeptic, become one. It is possible to do this without becoming calloused or losing your humanity or your sense of humor. Speaking of humor...

5. Laugh. Relax. Have fun. You deserve it.

6. Bookmark this page http://www.forexfactory.com/showthread.php?t=39892
These threads have been pre-filtered and have a much better signal to noise ratio than what you'll likely find elsewhere.


This "hater" will now retreat and leave you to the tender mercies of the kumbaya crowd and one-post wonders. I'm not superstitious by nature so I won't wish you luck. Instead I'll just say...may you maximize your exposure to the favorable outcome of random events.

Good luck!

That's about the best bit of advice I've read in quite a while!

Maybe everyone starting out in this business needs to seriously consider what the success rate is for (retail forex) traders. Apparently 90 out of 100 people lose all the money they put into their trading accounts! 5 of the remaining 10 break-even, 3 of the remaining 5 scrape a living, and only 2 out of the 100 actually make any sort of decent return.

If you like giving money away then this is definitely the business for you!

If you're still determined to try your hand despite those kind of odds then prepare for around 3 years work before you make a cent, if at all!

Like any other investment there is always a big chance that your money will evaporate, the thing hea is the way you can invest it, so yes donating it to some homeless children would do go. But a hustler in the street also know that money takes time to earn. So follow yo own advise!

Stefy; You have laid the first tile on a mosiac of enormous proportion. Many will hinder & say you won't finish it. Others will try to get you to change the design & a few will ecourage & possibly guide you.

This is the reality of mastering anything.

Babypips
Also search "Worldmarkethours" to understand when thisFX Market is open.

GL & HTH