It’s been maybe a year since I’ve visited and not much has changed. Slews of people giving fx a go.
I want to be the sobering voice that tells you what people, this website and similar won’t.
You are destined to fail
You’ve already failed, I don’t even have to know your background it doesn’t even matter unless it’s that of a professional trader or professional in a performance driven arena like that of a professional athlete.
Most people would never attempt to trade FX if they new how much work is involved. If this upsets and confuses you I’ve proven my point and you’re feeling the results. If you say it doesn’t you’re lying and don’t even realize it. Think about what that means.
Don’t even begin to call yourself a trader. It cheapens the designation and opens you up to false ideology. It has to be earned.
Technical, indicators and trendlines…all bullshitt - let them mod that out. I don’t use them and they aren’t imperative to profitability at all. They are backward looking. I’ve maybe drawn a handful of horizontal lines in the past couple months. I don’t even use candles.
Leverage…it’s a thing of beauty, but it’s to be deserved. Nothing like being able to leverage your money and not having to worry putting too much with one broker. To you it’s like giving a toddler a loaded and charged 9 mm.
Ten percent is my target - a day. Not a month, not a year. I shoot for it every day.
Stop loss. If you never learn to be consistently profitable with one - you’ll never learn without one.
Humility in my trading and ever diligent. That does not change.
Trading social media is a vacuum of losers. It isn’t necessary and you should inevitably wean yourself off. Some more than others are siphons of peers stuck in vicious cycles with low quality knowledge. Leave these people in the past.
You don’t need to be a genius, have a masters or even work in the industry. I’ve done so and will tell you it isn’t necessary. I take little from it to be consistently profitable. I’ve worked with some of the dumbest people. Most of them can’t trade retail, it itsn’t the same thing. It doesn’t matter how nice you are or have the greatest intentions the markets don’t care.
You need to make your attempt meaningful. Forget the micro account, it’s the same as trading demo. You need capital that is going to make an immediate psychological impact as soon as possible.
I said Psychology - not positive thinking and upbeat mantras etc That’s all bullshitt. It goes even deeper than that. You’ll know what this means if you ever get there.
If you want a hobby, then my post isn’t for you. This isn’t for the retiree having a little fun or anyone likewise. This isn’t for the someone “trading” on the side.
If you want to be a fx trader than take it seriously.
Journal, doesn’t matter what. Make it real though. Some of it you’ll look back and maybe even laugh, but do it.
As I said before, you have already failed and don’t even know.
I'm writing this for that one young man that may make it.
All of what I said is enough to start. If you’re asking yourself “how do I do this then?”…I will tell you - it’s that hard. If you’re looking to be spoon fed from some mentor or something then you need to take what little energy you would’ve spent to somewhere else and save a few dollars in turn.
I really hope this gets to you bud. I really wish everyone specifically like you could read this. Good luck
Maybe the moderators didn’t censor this post away from it’s original form. I tell it like it is. Ass patting and adulteration has no place with me or any trader…