Forex ain’t easy my friends
I came back today after a long layoff and found my site amongst the top 50 forex sites online . Then I had to wonder , how can a site that has not been updated for more than a month be amongst the top 50 in 100topforexsites .
So I did some research and came to the conclusion that forex trading ain’t no easy. As a blogger I should use some SEO and and say 4x made easy. However forex ain’t no easy.
I was one of the first members of moneytec a long time ago. So long I can’t even remember my handle but I do remember the friends I met there. Some were simple guys like me, some were sharp kids in college and all in between. Of my yahoo messenger 100 list at that time , I only know of none and I mean none other than me who is still trading. Ok I’m there but I’m not counting me.
I have met alot of so called gurus, the only ones I know that still exist are Teresa Lo, Peter Bain and Rob Booker. If I forgot anyone in that list it’s because you weren’t a guru. I can assure you that gurus appear every day. Those are the only ones I know that still exist after 5 yrs of trading.
I have seen forex systems aplenty. Trust me if you have a forex system that you think I don’t know, try me. I now have my own opinion about forex systems but that’s another topic. I have seen too many ( I did not say very many) metatrader ea’s ,tradestation systems, amibroker systems, fibonacci trader systems etc and I mean etc I keep on asking myself, how come the ea works with strategy builder demo but can’t work with northfinance. Those who have been here for sometime can understand why metatrader ea’s don’t work in the long run.
I have gone through every damn emotion a trader can go through . From thinking I was a genious to blaming my broker to feeling really stupid and everything in between.I have seen my accounts wiped out in minutes , I have seen them triple in seconds .I have even enjoyed other traders doing badly because I thought I was better than them. Until you don’t pay for your utilities because you added a few dollars in your trading account, I don’t believe you are a trader yet.
I have decided that trading ain’t easy. Forex systems are not the trick. Forex signals make the scammer the money.. Forex forums are definatly to be avoided. Forex chat rooms are the next step to poverty. Forex software are really not cheap. Forex blogs are never updated. Forex ain’t no 4x made easy my friends.
This is a business like any other where you learn as you go. Somehow in your journey to make a living out of this you will need to
- Learn Technical Analysis
- Learn Fundamental Analysis
- Learn some Economics
- Learn some Accounting
- Learn your own psychology
- Learn to think like a trader and lastly
- Learn how to do business
All this entails going to amazon and buying books from failed gurus but you do have to start somewhere. I can only wish you good luck but all in all. Forex trading is the best business I have ever done. I have gone through alot but it was worth every damn sweat I had. I hope to be talking and chating to my fellow entreprenuers for the next 5 yrs. That is if I am still around.
For those who understand swahili, you know this is funny
Anne…
I have seen many sites before and most of them do not look this good. I cannot wait to let my friends know about this site. Thanks for the excellent content….
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