This Article is About
mumbo jumbo
therapy sessions
forex trader
earned dollars
forex trading
forex market
losers
millionaire
profits
psychology
mirror
Failure Is Only An Early Attempt At Success In Forex Trading Even If It’s The Millionth Time Get Over It!
Join 1000's of Authors at StreetArticles Today!

Failure is Only An Early Attempt at Success In Forex Trading Even If It’s the Millionth Time Get Over It!

I am yet to come across any Forex trader worth being called a Pro who didn’t have it hard the first few steps along their trading career. Ok people I will be doing the unexpected in this article, I am not going to give you some forex trading psychology mumbo jumbo that will end up with you funding your trading account with more of your hard earned dollars only to blow it again reminding yourself how much you suck at trading.

No! Instead I’ll be giving you what I consider to be a Real life definition of winning at the game of losing and exactly how to avoid making my mistakes, remember that wise people learn from their mistakes while smart people learn from the mistakes of others, am pretty sure you’re one of those smart folks!

I never attended any Forex trading seminar because I simply couldn’t afford any of those I’d come across, I only got to touch base with Forex Trading through a close friend of mine who had a handout on forex trading beginner lessons which was very skinny by the way and did a great job of making trading seem darn easy as though all it took was a single click of a mouse and you’ll millionaire overnight banking huge dollar amounts of profits on any given trade you take, even if you just got to learn about trading that same week.

I instantly fell in love and gradually became obsessed with trading even though in the beginning it was a masochistic relationship, don’t we work it out in the end, one thing’s for sure though, it took some serious courting and therapy sessions with myself in the mirror.

I still remember smiling when I thought to myself that I was never going to place a losing trade, I used to think that the traders that do have losers just didn’t learn enough to understand the market. Boy, was I in for some serious awakening surprise!

After I had read through several Handouts and trading ebooks, I felt ready to conquer the Forex market with my $25 account. I remember telling a close buddy;

“Yo Sid tell me what you think, if the daily turnover in the forex was $4.5 Trillion a day don’t you think we would be billionaires even if we only traded the next 12 months?”

The answer was always a firm resounding yes even though Sid stopped answering that question after I had traded and lost our rent, rendering us homeless just before I dropped out of college, Boy was I some dumb risk taker.

Somehow as time went on I seemed not to have made any withdrawals from my trading account and I was slowly but surely getting into a large poop, oh sorry pool of debt and I just couldn’t figure out why or what I was doing wrong.

I just simply couldn’t imagine not being able to trade for a living. The seduction was just too much to resist. I had to figure out a way!

I had the picture of living the life of a trader so engraved in my mind that failure just wasn’t an option to even consider, I simply had to find a way of becoming successful at trading even if it meant crawling on ice to get to the Holy Grail, I was just about ready to do any and everything.

I kept telling myself if I played just a little more patient perseverance and studied some more It’ll soon be over and it’ll just be fun all the way after that, even though I hadn’t read Robert Kiyosaki’s Rich Dad Poor Dad or Napoleon Hill’s Think and Grow Rich just yet, even though now it meant skipping classes at the university where I was studying Veterinary Medicine, to make matters worse my uncle was a lecturer in that same faculty, you could pretty much say i was only counting days before i got busted.

Soon afterwards home found out that I had lost my senses on some new high some new drug I had discovered ‘forex’ or something they just couldn’t understand why, days were all that needed to be counted before I came back home from college never to go back, Forex Major Sacrifice No. 1.

Rushing to open a demo account with some forex broker and pretending that you’ll be ok with only a few weeks of practice trading trying to understand the currency market, only to jump right into funding your trading account will only result in one thing, Huge Losses.

Avoid being a victim of the pattern of trading disaster by aiming for the home run trade on a standard lot with a $100 account thanks to 1:1000 leverage most forex brokers offer these days you’ll only watch your entire trading capital lost to thin air within a single trading day only for the market to turn around and move in the direction you had anticipated after stopping you out, this can give you horrible nightmares or in some worse cases a full blown insomnia.

The problem with most of the forex trading education guides on the internet today are that they make trading look too simple, only for you to get a totally wrong picture of the currency markets losing serious amounts of money in record time with no one to ask “Hey, what just happened?”

There’s just no way around it people if you want to trade successfully you have to learn how to trade the proper way. Gain the right forex trading education and practice forex trading on demo account with any broker of your choice.

Don’t be in a hurry to burn your money else you’d be better off going to Vegas to gamble your entire life savings and at least have a good time, in the forex its real business and no fun seeing your hard earned money go down the drain while you get cover by layers upon layer of a cloud of mixed negative emotions of pure pain resulting from greed, anxiety, fear and anger and the burden of the inability to close your trade with a humungous loss because you just can’t seem to have the guts to click.

You have to make certain that you know exactly what you’re doing before moving on to live forex trading with real money in a live account. Anything else and you’re just setting yourself up for failure.

To become a doctor you go to medicine school why should you think that some $97 forex trading system will magically take away the learning curve because some guy you met on the internet says so, just think about it.

You need to get proper forex trading training and education to succeed in this business of trading currencies, there’s no way around this.

Hope you found this article informative I’d like to hear your comments and thoughts, don’t forget to share it with your friends and colleagues.

Cheers….


Street Talk

Very interesting story, I've a great time reading it ! I've tried forex too but its' too complicated for me so I gave it up.

Reply
  about 9 years ago
  

You should never give up on things in life if you want to succeed, you just need to learn the right way to trade successfully and that can only be achieved by through acquiring knowledge and practicing what you learn, that is just my advice. Am glad you enjoyed reading the article.

Reply
  about 9 years ago

Sounds an exciting business but I feel its very complicated and would put a lot of people off getting started.

Reply
  about 9 years ago
  

Hehehe yes john its really exciting though hehehehe

Reply
  about 9 years ago

I doubt this would be for me. It seems way to complex and sounds like a fast way to lose your money. I do admire those of you who can do it.

Reply
  about 9 years ago
You May Also Like
Fat Loss Eating Made Easy
Eating for fat loss can seem quite complicated and all the information and contradicting ideas can be overwhelming. As complicated as it may seem it really is not. In order for you to be able to understand and implement this into your life it needs to be simple. Most the…
By: Abz in  Health and Fitness  >  Nutrition   Oct 20, 2011  
0
  Likes: 0

Where Is The Money?
Questions I have asked myself since these power mongers stole trillions of dollars from our world: Where is the money?!? How much do they have to take from you before you baulk? Does this "world crisis" really seem all that mysterious to you? If you put your hand in front…
By: JoshuaM in  News and Society  >  Pure Opinion   Mar 11, 2012  
9
  Likes: 4

Getting Pregnant After 40 - Things You Need To know
Did you know that idespite popular belief that it is possible for a woman to be getting pregnant after 40 years old? There is a lot of concern in the medical fraternity these days that kind of discourage women from trying to get pregnant if they are over a certain…
By: Malcolm Smith in  Health and Fitness  >  Womens Issues   Jul 27, 2011  
0
  Likes: 3

Anonymous Surfing Software - Proxies And Encrypted Vpns
Being anonymous on the internet is gaining popularity as we move more and more of our daily activities into cyberspace, and ORL (Out of Real Life). While before, the internet was merely a place to waste time looking at cat pictures and doing nerdy stuff to impress nerdy friends, it's…
By: Rodders Gillam in  Computers and Technology   Mar 09, 2012  
0
  Likes: 0

A Quick Start Guide to Shooting In Manual Mode
Any aspiring photographer will eventually want to know how to use manual mode. This can be a daunting task if tackled alone. I'm here to make the transition easier for you! There are four main settings on a digital camera's manual mode: aperture, shutter speed, ISO, and white balance. Each…
By: Jon Moore in  Arts and Entertainment  >  Photography   Jun 04, 2012  
0
  Likes: 0

What Can I Eat on A Diet - the Answers
Are you confused by all the information on how to lose weight? One diet claims one thing and another claims something completely different? Maybe you have tried a few different diets before and had some, or just temporary success. I can tell you it's a minefield of marketing nonsense out…
By: Rob Gall in  Health and Fitness   Mar 21, 2011  
0
  Likes: 0

What You Are Dreaming Might Matter More Than You Know
There are some people who put no stock at all in what they dream at night. They ignore the imagery that their subconscious mind churns up, missing important messages that is right there for the reading. They dismiss dream therapy as nothing more than new age quackery and mumbo jumbo.…
By: amie nogrady in  Self Improvement   May 30, 2012  
1
  Likes: 1

Finding Hope in a Storm of Depression
Is there a light at the end of the tunnel? When I was going through postpartum Hell, I thought it would never never end. I became hopeless, despondent and depressed. I could not make myself feel better. I thought that if i had to go one more night with NO…
By: Korgie in  Health and Fitness  >  Depression   May 23, 2011  
0
  Likes: 2

Is Anger Ruining Your Relationship?
Maintaining a successful relationship is challenging, more so if you have anger management issues. Since no relationship is perfect, there will be times that you and your partner will fight and disagree. If you don’t know how to keep tabs on your anger, you might do or say something to…
By: Matt7 in  Relationships  >  Conflict   Aug 15, 2011  
0
  Likes: 0

Elss : Encompassing Investments With Tax Saving
The financial year 2015-16 has ended and with that, the tax paying deadline is also over. It is often observed that the clients pursue the tax saving plans by the end of the year, i.e., in February or March. It may have helped you till now, but it is a…
By: Dishika Baheti in  Investing  >  Day Trading   May 18, 2016  
0
  Likes: 0

How to Choose A Broker for Day Trading
Day trading is the practice of holding positions in a financial market for no longer than a single day, and often for much shorter periods of time. Day traders always exit any trade before the end of the trading day (often referred to as the 'regular cash session'), and aim…
By: Alexander Pearson in  Investing  >  Day Trading   Apr 27, 2016  
0
  Likes: 0

Fundamentals Of A Company Check - What Would Be the Services Employed
Business planet is cool as well as risky. The deeper you enter, the a lot more threat you get into. Nevertheless a systematic approach generally assists to collect the puzzle and stroll straight. Investing into a company could be helpful should you go through a meticulous company check. All strings…
By: daniel huang in  Investing  >  Day Trading   Apr 26, 2016  
0
  Likes: 0

How Administration Outsourcing Benefits Private Wquity And Venture Capital
In the high-frequency world of alternative securities, private equity and venture capital investments stand out for bringing in substantial returns from equity appreciation and capital gains. Private equity firms align with accredited investors, like wealthy individuals and institutions such as foundations, university endowments, pensions, insurance companies, and other multi-manager funds,…
By: Cheryl Muncher in  Investing  >  Day Trading   Mar 15, 2016  
0
  Likes: 0

Tips for Buying Refurbished Robots
Is a refurbished robot right for my business? That is the first question that comes to mind when you consider buying a refurbished robot. They are repaired, rebuilt, and cleaned in order to reenter the robot market. If bought from a quality robot store, they offer cost benefits as well…
By: alexbarker in  Investing  >  Day Trading   Feb 19, 2016  
0
  Likes: 0

Out Of Currently Being Goods Involving Must to Help Professions to 800 DIY Currently Currently Being
Many people maintain the money pertaining to items it's possible not really pertaining to paying for models concerning the Professions powerleveling railings. The most famous porch models typically include wood. Lumber porches plus lumber railings generally go with equally modern day plus Victorian or even various other form real estate.…
By: appgamenews in  Investing  >  Day Trading   Jan 21, 2016  
0
  Likes: 0

Article Views: 3380    Report this Article