advice for beginners

Hi cindy,

I dont have to prove something.

I'll be living in an optimistic life living with my dreams and living life to the fullest.

It is very easy to gain 100% a month or something better. It is very easy to get rich. If you cant digest this then u have to be optimistic.

Theres a lot of way of getting rich or to live in abundance.

I will not come back for you or for anyone after 4 years.

I'll keep sharing positive strategies, story and tips to those people who want to succeed or gain 100% or something better.

I know theres a lot of people who wants to read positive words for them to gain as well as to share with others who wants to succeed to.

Its up to them to find me or had a glance with me even unconsciously.

I know some of my words will have an impact for them. Where i was there before keeping my self to go up high and i found people whose already on top.

See yourself in abundance

Sounds like you have what it takes to start an "anonymous trading losers" group and fill them with all the positive thinking.

Really, what happened to this forum? Apparently everybody is in need of a psychotherapist when they start trading.
Only a few here are actually putting their energy into research.

Not the quantity of time matters, but the quality.

Thats great.. I feel good.

"Your words are the representation of your self" - influential man.

the danger is that what words comes out gets back.

some people have been haunt by their words.
i wish you goodluck. more blessing and prosperity.

hehe..

I wonder how those kind of words motivates ur students? or followers?...

that doesnt seem exciting or interesting.

i dont wanna think about it. thats negative.

=)

The longer I trade the more I realise that experience is the greatest thing any trader can gain, nothing even comes close to the benifits of thousands of hours of trading practice. A lot of people simply give up long before they have gained enough experience to even begin to see results.

Also I would say that everything you need is out there on the internet, and in books, and its available for free or at low cost. there is really no need in my view to fork out thousands of dollars for a trading course or some other BS.

The thing is there is a lot of free information on the web, but its just too much and too contradictory for the beginner to cope with, as a result they end up with a million ideas and no profits.

i spent the whole of 2009 trawling the web and you tube for ideas, and there was so much stuff in my head i got nowhere. After a couple of months away after giving up temporarally, i discoved price action trading.

I liked the idea of it and i deleted the dozen indicators off my charts and said to my self right there and then, that i would never look at any other thing again, i would make this work. Of corse to start with i had mixed results and some bad losses, but i kept going, and i began to learn from my mistakes, i started keeping a trading journal and trading records, something i had never done before.

price action trading is probably not the best strategy in the world, im sure there are dozens of systems that work far better and produce huge returns. i see posts in forums of people claiming they have made a 1000% in a few months, should i feel inferior because im only up 12% in 2 months? No! i dont care any more, because their results have no relevence to me. I have found a style of trading that suits me and i enjoy it, i understand it and the more i do it the better i will become.

I see lots of posts on this forum as well by people who are far cleverer than I, either talking about formula's or fundamental data analysis and i understand none of it, I have not needed fundamental information before so i dont need it now. I only use what i know about, which is basically pin bars, support and resistance and momentum.

There is far too much information out there for any one person to compute, you can only use things you understand, if you dont understand something you either have to learn about it or ignore it, otherwise it will cost you money.

Im not the greatest trader in the world, I dont have the best strategy in the world, but i know enough to let me make some money from the markets. And I still have a lot of learning to do.

My advice to anyone starting trading is to have a try at different things, fing the things you enjoy and are good at. The take the market by the scruff of the neck and never let go of it. And anything that is not a part of your methodology should be ignored. Experience will be on your side after a while and it will help a lot.

great post. well written. thanks for sharing.

sounds like u r some kind of evangelist
forex evangelist