Absolutely. I don’t anything in this arena for granted. I’ll just keep moving ahead.
Thanks,
Norm
Hi Norman,
I sense a degree of frustration and maybe even a touch of irritation with the comments you have received here - and I guess that is not surprising since it has been pretty much “negative” in nature! (although one has to be careful to distinguish between destructive negativity and positive critical analysis).
I am really sorry if I have dented your enthusiasm and questioned your anticipated level of success in this endeavour, maybe I am just too cautious to be of any real assistance to anyone in this field. I will have to, once again, seriously re-evaluate what I am actually contributing here on BP!
But I am convinced from what I have seen here on BP and in my earlier work, that there is little more pyschologically destructive than failing in financial matters such as retail forex trading. It is such a personal defeat, and oh so often feels so totally unjustified when one has put one’s best into it and the market still just rubs your nose in the mud and walks off leaving you there, defeated, demoralised, frustrated, bitter and angry with both oneself and the world - and often broke, too! Usually, there is not even any chance of sufficient financial recovery in order to take another shot at it, and one is left struggling along even worse than prior to the forex venture.
The finality of financial destruction with no hope of resurrection is almost as devastating as dealing with the finality of death itself. My earlier years as a specialist mortgage lender and handling serious collateral issues including serious arrears and repossessions taught me a lot about that.
I subsequently also spent a total of 8 years as a dealer/trainer/supervisor in the trading room of an international bank, and also saw the emotional pressures of trading upon new dealers - but that was nothing compared with the damage done via personal financial difficulties such as can so easily occur in retail trading - and sometimes even in a flash, in a few minutes…just the wiping out of months of work is bad enough, but a total wipeout is a total disaster.
So I guess I am maybe too far biased towards cautionary advice than encouraging flag-waving! And maybe I have said enough and should leave you alone here! 
It is possible to make consistent profits from forex trading (I have traded now for over 7 years) but it is complex and very demanding and littered with minefields- as is any serious profession…as I am sure you know from your own experiences!
I hope some others will be able to be a little more encouraging than I have been!
I wish you all the best, Norman, and I really look forward to reading your success stories in the near future 
Hi Manxx,
You say that you are sorry . . . “but,” and you continue on. I believe that you are both trying to help and are sorry at the same time for causing me disillusionment. Yes, I did feel it was time for me to put my defenses up - not because I was feeling disillusioned, which I wasn’t, but because of the repetition.
I do think you carried on a bit too much. Why that is I’ll let you figure out for yourself. However, I’m not disillusioned by what you and LC said. I know what I am capable of. I am aware of the forex failure rate and have read of many people blowing their accounts. Probably the main reason for that is that many dove in unprepared, which I do not intend to do. I am also aware of the slow rate of account growth that many experience.
My eyes are on those who have done well with forex - earning a living at it and better - and there’s no reason that I see that I can’t be among them. I have mastered a number of things in my life without the level of formal training that many have had, and I see no reason why I can’t master competent trading. I’ll keep going, being careful as I go, and strive for mastery come what may.
Thank you and take care,
Norm
[quote=“NormanA, post:23, topic:109014”]
I do think you carried on a bit too much… However, I’m not disillusioned by what you and LC said. I know what I am capable of. I am aware of the forex failure rate and have read of many people blowing their accounts. Probably the main reason for that is that many dove in unprepared, which I do not intend to do. I am also aware of the slow rate of account growth that many experience [/quote]
Fair enough.
“But” since you came here as a post seventy year old Newbie, offering nothing more concrete than näive enthusiasm and a strong drive, and then talking about earning 1000% per annum profits, then I think we may be forgiven for being just a little over-concerned about your awareness of the risks involved here!
But, if nothing else , you have opened my eyes that if I cannot even reach someone like you without offending them, then I really have nothing to offer here on BP. Thank you for that lesson…
Good luck and Rom 12:18
Manxx,
You’re exaggerating, misrepreresenting, and cherry-picking what I said, and are now turning to personal attacks. My conversation with you on this matter are over unless you change your attitude.
There were no personal attacks.
Nor was there any exaggeration or misrepresentation.
As Manxx said, and for sure many other readers of the thread are feeling, it isn’t possible to read this without being very concerned about your perceptions of what’s involved, here.
Your enthusiasm is admirable.
But when you’re talking about copying a system from the Trading Strategies Revealed site and making over 20% per month profit from it, it’s clear that your total lack of experience is doing the talking.
That isn’t anywhere near realistic, and people are trying to help you by explaining that to you.
Charlie and Manxx are both quite right.
I’m sorry and surprised to see you criticizing the “attitude” of people trying to help you.
That would be your loss.
People are trying to HELP you, here.
People who have been, and are, where you want to get to.
I have no dog in this fight, but it seems to me that you’re the one whose attitude could do with being changed.
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Do you think maybe you have a different impression of what being “prepared” means, from the people offering comments and advice to you here?
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Hi everyone, including Manxx,
Misunderstandings are easy to come by, especially when people are not conversing face to face. What I have to say will be a response to various comments made above, including comments made by me.
Manxx, you referred to me as a “post seventy year old newbie.” I took it as a personal attack because I didn’t see what my age had to do with anything. I now see the possibility that you were referring to how little time I have left to learn. If that’s what you meant, or something similar, then I’m sorry for misinterpreting it as a personal attack.
To those of you who are concerned about my gullibility about overnight riches, please let me assure you that I am not. I could see how I went bonkers over Clint’s numbers; but on a deeper level, I know that if I do a fraction as well as his possibility projections, I’ll be a happy camper. I could see how my enthusiasn was misleading; but deeper down I knew better than to assume fabulous success. If you reread my posts, especially the last few posts, you can see how I intimated that I am vulnerable to loss or small profits, just as anyone else is. For example, “I don’t take anything in this [forex] arena for granted. I’ll just keep moving ahead;” and "I’ll keep going, being careful as I go, and strive for mastery come what may.
We can kick this dog around forever, and I’d rather not. I think all that needs to be said has been said, at least by me. If any of you have anything new to contribute, then fine; but to go over any of what what we’ve been talking about already would be going around in circles.
Manxx and LC, you made some good points about not being gullible about overnight success (or however you want to phrase it), and I agree with you. We’re in agreement, so let’s move on.
Let me simply reiterate that I do not take success for granted, especially not overnight riches, nor am I unteachable. This can be seen on the matter which this post originally addressed. On that matter, I responded to Manxx, “As a result of your input, I’ll soften up on my dogmatic “moral of the story” in my post” - and I did, even suggesting that people read Manxx’s input.
One more loose thread: Laughing Charlie, you wrote, “Do you know what proportion ever achieves profit by copying an unbacktested, unforward-tested “system” from a site like Forex Strategies Revealed where the people submitting their systems are other random, unknown, untested, unproven amateurs and there’s no editorial selection-process at all before they’re published there?”
Was that warranted? First of all, I said I was going to test it, not bet my wife and kids on it. I wrote, “I’m getting ready for massive demos of tradeline bounces modeled after Myronn Saremo’s system, which looks excellent:” Advanced strategy #10 (Trend Line Trading Strategy) | Forex Strategies & Systems Revealed.
[/quote]
Secondly, have you examined the strategy? Perhaps you might find it to be sound, as I did.
OK, guys, I’ve done what I could to fess up where I felt it was warranted, and to explain myself as well as I could. Perhaps we could move on from here, either in this post or elsewhere - but as I said, with NEW things to consider, expressed in a way that uplifts, not tears down. I include myself in that last statement.
I wish you all the very best,
Norm
I certainly didn’t mean that as any kind of attack, Norman. Why would I have put aside postings on my own “Crude Oil” thread in order to concentrate on this one if only to throw snidy comments around? I have also outgrown in years those kinds of “macho” battles that we see here from time to time. My only interest here on BP is (was) to provide some helpful input that might be of some use to someone.
My concern regarding your age and starting on the forex road was more than just whether you still have the time to “make it”. Rather, I was seriously concerned what failure would mean to you compared with say a 20-30 year old who would just pick up the pieces, put it down to experience and move on. But you have a long term loyal wife, kids of your own and a collection of grandchildren too! These are such blessings in life and should be the source of your joy and fulfilment during the retirement years in one’s life. Financial failure at that stage would be exceedingly painful
So I was deeply purturbed when you wrote that you are looking at forex, not as an investment for your excess savings, but as a means to free you and your wife from having to continue working. That, together with the signs that maybe you still have a way to go in learning forex, really disturbed me and made me focus on the risks here. I abhor the thought of you losing your money and having to turn to your family for help, etc.
So my imagination was working overtime and I obviously misjudged your situation and undestanding - apologies once again. We started off talking about sharing thoughts on trading issues, but, honestly, would one continue to enccourage another to ride a powerful motorbike if one suspected that they have not yet mastered a cycle? You know, all that milk before the meat stuff?
I guess I could have followed the more familiar routine on BP and written something like:
“Geez Norm, you are really going places with your studies!” That is one amazing system you picked up there - well done! And to think, we can even make a huge percentage every year from it! I can’t wait to get going. Thanks for posting it all here! And, yep, would you believe it, I tried it today and, guess what …YES it worked - 20 pips straight off the grid. You’re a natural, Norm, go for it, skip the demo, what are you waiting for! See you in Monte Carlo next year! BTW, have you tried tweaking it with a stochastics or an MACD or momentum indicator?"
But that is not you and it is not me, and you would have seen through that and been irritated in a different sense!
As you rightly say, misunderstandings occur, especially when we do not know each other and are writing in the limited confines of a forum!!!
Enough said. Maybe we have all learnt something from this. I certainly have and I thank you for that and I have drawn the necessary conclusions for my part. You really have my sincere wishes for success and that you will get where you want to be. Time for us all to move on! …
Hi Manxx,
Thank you! I completely misunderstood your intention, and I’m sorry for the bitter taste my comment about a personal attack must have left in your mouth. Thank you for coming back and explaining!
Apologies more than accepted. Please accept mine. (Shall we send boxes of tissues to readers so they could wipe their eyes and blow their noses?)
Yes, I agree completely. Without any condescension whatever, please allow me to say that I see that you’re a humble man and are willing to open your heart to bring about reconciliation. Without a doubt, the quality of relationships is far more important than who’s right and who’s wrong or who agrees with whom. I’m glad we’re finally getting to know each other!
You have my sincere wishes for all of your endeavors, as well.
You know my early upbringing, so I’ll say to you,
Shalom,
Norm
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