london88
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To all followers of the "Holy Grail"!
I am not expert myself but I have come to realise that many people (newbies) come in here and look for the short cut to their millions. Replying in two threads I came across two quotes that I would like everyone coming in here looking for others peoples "hardword" to consider for a moment.
This was in reponse to someone asking for help on how to learn trading signals, entering, exiting etc with no idea of what market, where and when. How can someone possibly assume all these variables and get into your head.
People after their millions take note:
I have found and I am in the process of a long road to bettering myself and developing my trading. I have not come here asking for help and short cuts but to use this forum as a platform to discuss and learn from others. That withstanding I am doing a lot of the hard work at home, in front of books and the screen.
The best advice to a newbie is:
NOTHING BEATS YOUR OWN EXPERIENCE. GET READING AND GET TRADING. You will NEVER learn unless you do it by experience.
STOP asking for the "holy grail". GO away try it and then come back with more direct questions about what you have tried and you will see people will be more responsive.
I am not expert myself but I have come to realise that many people (newbies) come in here and look for the short cut to their millions. Replying in two threads I came across two quotes that I would like everyone coming in here looking for others peoples "hardword" to consider for a moment.
Dead right.
The only holy grail that exists is the one that you develop for yourself after years and hundreds / thousands of hours of research.
Holy Grail = Your own personally developed way of trading which suits you and which is successful.
If you want trading signals to pop up all over the place, go out and buy a ready made system but do not be surprised if it does not work.
A good case in point is The Ultimate Forex Predictor ( TUFXP ) - you will find a thread here on T2W devoted to this.
The system costs well over 2 grand and works like a piece of sh1t.
This was in reponse to someone asking for help on how to learn trading signals, entering, exiting etc with no idea of what market, where and when. How can someone possibly assume all these variables and get into your head.
People after their millions take note:
The funny thing about trading is that we all do it so we can make lots of money, fulfill all our wants and desires. The real truth is that we dont begin to earn money from trading until we put the money aspect aside and accept life without all these desires.
This simple shift in thinking eliminates a lot of deeply embedded emotions that we are not aware of and which contradict the right mindset required to focus on just the process, and not care about the rewards. It is indeed a very difficult thing to do, but a necessity in order to succeed in this environment.
For this reason , the question - How much can we expect to make trading forex , immediately places the minds focus on great wealth that is envisioned by many. It is only natural for one to think about, or have a quiet longing for, the huge amounts on offer, but this sets them on the losing track from the very beginning.
A better approach maybe to understand what can be attained but to decide on a wage amount and HOW that can be achieved. The HOW allows you to remain focused on a process that aims to achieve a set figure that will not waver your emotions and throw you towards indecision as your account balance fluctuates to a higher level on each tick.
I have found and I am in the process of a long road to bettering myself and developing my trading. I have not come here asking for help and short cuts but to use this forum as a platform to discuss and learn from others. That withstanding I am doing a lot of the hard work at home, in front of books and the screen.
The best advice to a newbie is:
NOTHING BEATS YOUR OWN EXPERIENCE. GET READING AND GET TRADING. You will NEVER learn unless you do it by experience.
STOP asking for the "holy grail". GO away try it and then come back with more direct questions about what you have tried and you will see people will be more responsive.