Quote:
Originally Posted by Simy
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Anways I do like this thread!! I wish I had read somthing like that when I was starting out so I could have aloted appropriate resources for this career I've chosen. I'm still going to make it, infact I've noticed my personality changing dramatically, how I handle stress, etc...
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Hey i'm newbie too! I started learning about forex in 25th august, 31 days ago, but my learning curve has been rather exponential, and i mean really exponential.
Since my beggining on forex i've faced it with a completely open, yet inquisitive, mind. I already knew that the holy grail systems wouldn't work if i didn't have my act together as a trader. In fact, it's been only a few days ago that i've started looking for a system/testing/building one. Until then, i've been readin for 8+ hours a day everything i could find about forex (also downloaded a bittorrent package on trading of 500+ ebooks -2GBs of trading ebooks only-, including all the classics, but of course haven't read most of them yet..), and boy i learned A LOT.
I started working on myself first because i knew that no system works if the trader isn't good enough.
As Pipcrawler said, trading is an ART. I like to compare it to martial arts. The beginner will want to know all the killer moves and techniques, but no matter how good the moves/techniques are, he won't be very effective using them because he doesn't have enough experience yet. The same technique, if used by a white belt and a blackbelt, will have a major difference in effectiveness depending on who uses it and what's his experience level in the martial art overall.
It's exactly the same with trading and trading systems. We can't expect to make a killer at trading/forex even if we have the best system in the world, for the simple reason that we aren't good enough yet as traders, overall. And to get good at it we will have to read a lot (in the beggining) and practice a lot (after a good knowledge base has already been established).
I got to the practice path now, i'm sure i'll slowly but consistently get better and better at trading until i become one of the top forex traders, and then you guys won't have the honor of reading my posts anymore because i won't care anymore about you underdog newbies
