Ode to Forex, from the trader's graveyard

Trading Discussion
1

I was thinking about putting this on my trader’s headstone. Dear Forex, thank you so much. Thanks for the year of struggle, anxiety, depression, anger, fear/greed, and general drama of trading Fx. Thank you for all the crap mentors I had to wade thru that never helped me become profitable. Most could care less, some tried. Thanks for all the flaming that will ensure after this posting goes live, assuming it will even go live. Thanks for all the money I lost while trading. And mostly thanks to myself for being a complete idiot in thinking that I would ever be profitable trading forex.

I may actually need a couple headstones for this…
:grinning:

4 Likes
2

The struggle is real!

3

sort of like the X-files, the truth is out there!

4

Thank you sir for sharing this
you saved a lot of people from losing their savings

5

Come on, one more shot. I’ve got this awesome strategy, 100% foolproof…

1 Like
6

Well, thankfully you’re still alive! So time to lose more money trading! :joy: Kidding aside, I hope all is well with your trading!!!

7

Just out of interest you should also write out what type of strategy you were using.

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I was using dozens of them. Dozens of mentors and strategies. Following the shiny object straight to the grave.

9

Hahaha. :smiley: If trades were people, I would want them to be the ones to bring down and bury my casket just so they could let me down one last time. :stuck_out_tongue:

10

I can really relate to that - and dont want to rub salt in the wounds - but you said it yourself, dozens and were following gurus, of which there are none.

Sad to see you go, i also spent yrs going to know where and know more than most the misery.

But its important that newbies know where the real holy grail lies, self development in a range of trading skills - not blind faith in mentors selling systems.

11

Who knows. Perhaps I will rise again. You never know. My problem is that all the stuff I learned is good, but it is educational, it does not help you to develop a trading skill. And I have yet to find a mentor that has made things very clear for me. I need a bit of hand holding, perhaps too much hand holding.

12

Its funny really - i could give a newbie a system and get them to follow it, no charge, no cost - but the real worth of a mentor is seeing the beginner through the pain he or she experiences the times they want to deviate from it.

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I have met many mentors, some perhaps fake mentors. They have ranged from very poor to merely okay. And you get minimal feedback from them. And unfortunately I need that feedback.

14

Yep education is just theory, its muscle memory that needs developing.

I have a blog, which aims to demystify much of trading, its bare bones right now but after you break i will have detailed the simplest of strategies you could use.

Good luck

15

I’d be happy to check it out

16

I have to question anyone who makes a living as a mentor

Mr Miagi never charged!

17

Take a break, trade on demo for now.

Like i said it took me years to get it, not because trading hard - but because of my own over confidence and naivety

1 Like
18

True stories. You have to fund their trading lifestyle, those mentors and their fake pictures of fancy outfits, watches, fast cars, and hot chicks of course.

19

I get what your saying. And I’m well aware that trading is mostly mental. That’s somewhat my problem. You say trading is not hard, but I have yet to understand how to do it correctly.

20

Well i mean trading is simple, the way playing tennis is simple.

But if you ever have played you know it looks easy, but it isnt.

But the more you hit balls and let your mind get out of the way the easier it gets.

The reason trading became hard was because you started picking up baggage from day one which became to heavy.

The market meanwhile was just doing what it always does, going up and down.