Quote:
Originally Posted by jsese
Andrew, I agree with everything you are saying. As a matter of fact I was hoping that this was the kind of thing that would be posted. Not for me. I was being sarcastic when I said that 5- 6 % is embarrasing. I've heard a great deal of claims and miracle strategies and blah blah blah. Here is the main reason I posted this:
Many people are trying to get into trading. Whether it be currency or stocks, or commodities, or options. It has an allure that sparks interest. Most people don't know how or where to begin. They search google for differnt web sites and get a slew of information that many get overwhelmed with and run for the hills from the get go. Those that stick to it, may come accross this site. By mere accident (as I did) or link to link to link and blam your in pre school and getting such great information that you have solid foundation with which to get started. Hell I went through the preschool and learned alot of different things I didn't apply in my trading for 10 years.
So with that in mind, I believe this site to be an excellent source of information and believe that people should get as much TRUTH as possible here. If someone is a TRUE newbie, where they are just looking to find their niche, I don't want this to be one more of those places that steers people into the belief that this is easy and that it doesn't require sacrifice.
The truth is there are ups and downs. Sometimes it hurts. Sometimes you would rather work at McDonalds just to know how much your gonna make in advance. Sometimes you long for a company paid health insurance plan that would havev covered your 3 child's operation. Paid Vacation.
Yes there is alot of freedom. But as they say: freedom isn't free. there's a hefty f'n fee. And you won't get it with claims of 2000 pips a day. And you won't get it by setting a computer to do it for you while you drive a ferrari in Italy.
So I encourage anyone to post the reality of trading. The lack of sleep in currency if you are eastern standard time and trading from 3 am to noon. the having money in the bank but nont being able to spend any of it because you never know when that bad stretch of trades is coming. And it's coming. It all evens out at the end but you have to plan and work.
Anyway I am going off on a rant nonw..so I will continue to learn from those who know more than I do and hopefully teach a few who knonw less.
Take care everyone.
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Well if i have learnt 1 thing it is how NOT to enter a forum discussion, apopogies for those who got the wrong idea. I was kind of hoping to bring s little bit of hope to others new to Forex and reassure them that the work will pay off.
Keep pippin people!