Quickly wanted to share a thought I had…
I’ve noticed amongst newer traders a commonality which I can’t quite understand, so I wanted to put this out there to gather some opinions.
When new babypipers join (or mostly anyone on any FX forum) and post an introduction, I commonly see something like “I’m new to trading, want to be successful, I’ve lost some money and I want to help others…”
I’ve been seeing this more and more on the web and I can’t wrap my head around it.
I mean, it’s definitely a great thing that folks want to help others out, please don’t get me wrong.
But, I just can’t think of any other endeavor in life like trading, which is so difficult, and a common thread amongst brand spanking new folks is that they want to guide others, when they themselves don’t even know right from left just quite yet.
Even if it is a long term goal, why would you even consider that before you know whether or not you even have the emotional fortitude to weather the first 6 months - year roller coaster?
One argument I’ve been building up is that people new to trading are setting incorrect goals from the beginning, and thus not reaching their full potential.
Sometimes in life, you need to say screw others, and focus solely on yourself.
I feel that’s how you mature as a trader. It’s a lonely occupation in which you should never, ever, ever ever ever ever rely on anyone else for anything, ever.
You’ll learn more about the process if you educate yourself, make mistakes on your own, create your own trading plan, make your own analysis, trade your own signals, and build your own account.
What’s with the desire to become a teacher of forex? Is it an ego thing?
Jake