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 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.
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.
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.
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.
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.
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.
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.