Hi!
A simple poll - who is making money on FX and who is not.
By making money (or not) I mean -
Option 1 - if you get what you want from FX in terms of money, you're in, click here.
Option 2 - by NOT making money I mean - I'd better be off staying away and spending the dough on beers rather then FX....
Option 3 - I've lost me depo, but I've just learnt a new brilliant strategy that will make me rich....
(personally, I'm in 3)

WOW!
no pessimists so far...
do you know that a human being is a reality-twisting creature?
Better than grvitation if you know the Einsten's theory....

i'm 3 then 1

===================
Forex Indicators Collection

The Trader Development Path.

From 20 years experience currency trader
1. We accumulate trading information - buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the currencies and time frames we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8. We start to listen to 'outside news' & other traders.
9. We go back into the market and continue to donate.
10. We switch currencies and time frames again.
11. We search for more trading information.
12. We go back into the market and continue to donate.
13. We get 'overconfident' & market humbles us.
14. We start to understand that trading success is going to take more time and more knowledge then we anticipated.
--------------------------------------------------
Many Traders Will Give Up At This Point As They Realize That Forex Is Not As Easy As It Looked And That Hard Work and Study Will Be Required ….But Some Do Not Give Up ...
--------------------------------------------------
15. We get serious and start concentrating on learning a real methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes …….time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We go back into the market and continue to donate.
22. We start to take responsibility for our trading results as we understand that our success is in us, not the trade …….methodology.
23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rules and our results are erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of …….some kind of fear) and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and trading rules.
33. We begin to consistently make money.
34. We get a little overconfident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading …….account continues to grow as we increase our position size.
37. We are making more money then we ever dreamed to be possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.

Well said!

FerruFx

__________________
THE HEART of FOREX & THE PROBABILITY METER - Trade with 100% confidence and ... Stress Less!!!
Coding services: Experts Advisors, indicators, alerts, etc ... more info by PM
NEW: video presentation of the Probability Meter ... 24hrs action on the website

all trader should read that...

===================
Forex Indicators Collection

Brilliant statement, all traders should read it.

We could add the number 39: wait 20 years and you would be successful trader

__________________

Quick Elite Links:TSD Elite Manual Trading | TSD Portfolio | Quick Links: TSD Calendar | Suggestions to improve the forum

I like it!!! thanks sharing this information

I skipped 2, 3 and 21 and a bit early for 37 and 38. Thank goodness for backtesting!!!! It won't tell you if something is profitable, but it will show you potential weaknesses before you "donate" to the broker. Every other item on the path I've done though... This week was a hard week, I left the EA on during too many news events. The profits from the interest rate drop were just too compelling ... Lest I discourage you, I still am +600 pip this week.