Why people avoid to share information about trading?

Beginner Questions
22

Absolutely, it’s quite amazing some of the stuff on this site, and stuff that really really works, all shared for free, I share all the stuff I do on this site, Ok I have a website and charge a little for extra resources and guidance, but full blown mentoring I certainly wouldn’t do for that price, and would never have an inclination to do so. I got into Forex so I could as an individual do what I like when I like and running full time mentoring courses wouldn’t let me do that.

A rather ‘expensive’ course seems to have been of much benefit to ST, but it is far from essential, and such a course may be of no benefit whatsoever to some, however what is essential is sheer determination that the damn thing won’t beat you, and eventually you will come out the other side.

A simple tip I keep giving out here without any bias at all is - look at the most enduring and most popular threads - they are so for a very good reason!

23

Quite right - I paid a little under £4000 all in, for course and mentoring, and made that back with interest within the first year, so it really can work although is not for everyone, so if OP is genuinely still stuck for ideas on how to proceed after, as Clint pointed out, at least seven months inhabiting the Forex world, then perhaps this would be something worth looking at (I did it to save time, being an impatient sort, rather than because I was ‘stuck’ per se) but it really, really is true what I said in my earlier post: one could become a successful trader with nothing other than this site and a lot of time invested. Amazing, when you think about it. A teacher in the UK can make under £20,000 pa. Babypips can unlock more than that, and it is free.

That’s worth a bit of time invested, surely?

24

Whatever the cost, the payback is barring anything unforeseeable is a lifetime’s 100% financial independence.

25

Quite. One of my all-time favourite trading moments was pretty early on, had been trading for seven or eight months or so, and I hit a pretty big trade. Made 7% on my account in one hit, against a 1% risk. Unusually, I had not set a fixed TP - had I done so, it would have made ‘only’ 3% or so. So more than half the profit felt like a bonus.

Up until that point, I had not been drawing any profit at all from my trading, I just compounded up the account. I realized that the ‘bonus’ profit on this trade was in itself more than our home mortgage payment. So without saying anything to my wife, I transferred out of my trading account, into our joint bank account, a sum of money equal to one month’s mortgage on the house, to the penny. A couple of days later, my wife mentioned that this deposit had turned up, but she did not know where it had come from (I had never transferred from my trading account before). Her face, when I told her that I had just paid that month’s mortgage within the proceeds from a single trade, told me exactly why I had put in the gazillions of hours’ screen time. I could see her processing the possibilities if I could sustain that.

A bit (okay, a lot!) of hard work is definitely worthwhile when, as you say, it can give you the freedom and flexibility to choose your own life path.

Anyway, sermon over, sorry, just felt like a relevant experience to post!

ST

26

That was a great anecdote, ST!

When you hit 1,000 posts and get elevated to the “Wordy Members Club” (which won’t be long, now), Ananais will do a Q&A with you — and you should repeat that story.

This thread will sink out of sight, and be forgotten, taking your story with it. But, your Q&A will live on, forever.

27

Another good thread I would add to the earlier list is the price action for dummies by Nikitafx. I’m kinda liking that one even though I don’t post on it much.

There are posters here to WILL and DO reveal their trading strategies but…

There are posters here who will NOT reveal their trading strategies.

This reminds me of a non forex forum I hang out on where some people will claim to have the holy grail but won’t reveal what it is and as someone there said “if you have something but don’t want to share it then it’s RUDE to even mention it.”

I don’t see a lot of that kind of rudeness here but there is some.

28

Thanks Clint. ‘which won’t be long now’ - are you saying I ramble on?! Joking, obviously. Thank you for the feedback, and always happy to share my experiences when I feel that they have relevance, whether now or under some later interrrogation. Your own entry certainly makes for an interesting read, tough act to follow.

29

I learned some stuff about trading … I can say basic to medium level… but now I am stuck… at what I think another guy from this forum said is “market structure” lack of knowledge… And no info about this on Web , nor on books… Or maybe is just a SECRET…! :wink:

30

I think you’re getting a little obsessive on the secrets. You can make a lot of money just using what is available in the open forum. Don’t overthink Forex too much or it tends not to work, imho.

I think I’m going to stop beating my head against this thread, now.

31

They have nothing to share lol Everything “readable” that you want to know about forex is available in internet for Free.
Forex is easy to learn but super hard to profit from it. maybe im wrong…the 100% profit strategy is for sale in uncrackable ebook that disappears after you read it :slight_smile: :slight_smile:

32

and it’s written in invisible ink
:smiley:

34

If you believe in serendipity, then your mindset is that you will prosper greatly to the same degree that you share. Lay out all of your secrets for someone else and they will pay it forward in ways you could not envision.

35

Simon Templar, inspirational stuff mate.

Such stories of inspiration like that can help both the newbie trader and the experienced trader alike through the dark times that we all encounter on this journey.

Thank you for sharing.

36

It’s good reading

37

I am very new in this world of forex. I must admit that this site is very useful and give a lot of information. I think there is no secret. We just have to figure out what will work for us. This site and the people who share there system, strategy, tips, and advice are available for us as a guide but we still need to figure out our own strategy. I guess we just have to ask the “right question”. As what other newbie and with those who have experience have said before, it takes time (a lot of time) and hard work. If a person wanted to get rich quick, Forex is not for you. We have to treat this as a business or a career. It takes time, discipline, patients, a lot of research, and self analysis. Good luck to all!

38

@ Simon Templar: Thank you for sharing. This is very insperational. We need this kind of story so it can boost our confidence to keep doing what we r doing. Despite of all the bad news that we hear ini
the news how bad the economy is but here we r in forex world making our own economy great! Keep it up. Great job!

39

You r right on!!! Sometimes it’s just common sense approach… I am taking my time and follow my Baby steps…

40

I’m also a newbie forex trader. I’d worked in investment banking for 15 years as an accountant, and although I had exposure to fx rates, I had very little exposure to the revenue end of the business. After being downsized, I’m pursuing day trading as it was always a dream to do so. I’ve found the opposite is true, there are some amazing sources of free education on this site. Someone noted ICT above; he basically gives an education on how to trade fx successfully and charges nothing (Eremarket, Nikita google Sam Seiden s/d (recommended by Eremarket.) other folks on the threads are usually very helpful towards each other, and for the most part are patient and helpful with newbies As a fellow newbie, I do agree about something though; even the most well intentioned new trader can find tons of useful information, but that is not the problem. The hard part is filtering out the other stuff that is not helpful or half helpful. It’s not finding stuff it’s determining which is the real stuff one should follow and then doing it after going down several wrong roads beforehand.

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