As I have mentioned elsewhere, back in my early twenties I used to play poker for a living so, when a friend introduced me to Forex trading, I already had a good idea of how to develop an edge in the market and turn a consistent profit.
However, that wasn’t enough to stop me falling down a rabbit hole.
I started watching people on YouTube talking about the best way to make money in the foreign currency market and just assumed that they must know better than me, even though a lot of what they were saying simply didn’t make sense. I even went as far as trialling some of their strategies, even though I could see they were fundamentally flawed.
Then one day I was listening to a reasonably well-known YouTuber and the penny finally dropped.
As he sat there talking about how to grow a small account fast, I thought to myself, ‘This guy hasn’t got a clue!’ Put simply, he was chatting pure nonsense!
From that point on I decided to rely on my own education and trust my own instincts.
I’ve been trading profitably ever since.
Just for the purposes of full disclosure: I am in the process of writing a book about how to actually grow a small account fast. I am trialling some of the strategies that I intend to detail in that book with a small account challenge right here on Babypips. You can follow my progress here