<Ten minutes later my whole world caved in
Less than 10 minutes later I my trade was stopped out and suffered yet another trading loss. That was it! I had wiped out another trading account, yet again I would have to explain to my wife where all the money had gone. It was devastating! I sat with head in hands in the depths of despair.
Six months later I was living in Spain on the Costa del sol, in a beautiful house with views out across the clear blue Mediterranean Ocean, paid for in cash! Today I live in spectacular New Zealand and spend a great deal of my time playing golf with my sons and fishing the world famous Mataura river. Its paradise all over again.
How I went from failure to success in such a short time
What happened? How did I go from complete trading failure, to living in Spain on the Costa del Sol (Coast of Sunshine) without a financial care in the world, in such a short time? How was it that 6 months ago I was a just another failing trader and now 6 months on I was sought out by the media to get my story of trading success. Here is a link to a major feature article in Futures and Options World Magazine that came out in 1999.
So.. In 1999 I had a trading methodology that predicted *Note. predicted trending days better than 8 times out of 10.
Just what did I discover about trading that turned me from trading failure into trading success, so fast?
I discovered something that was blatantly right under my nose
And its right under your nose, right now. Most can't see it because they are to busy looking at totally misleading information that is just not telling the whole story. Or they are continually developing trading strategies that completely ignore what really drives the market.
Many just end up on listening to the blind leading the blind as they hop from one trading idea to the next.
The biggest time and money wasting experience for many traders is that they get caught up, and buy into the false believe that there is a failsafe automatic computerized trading system out there.
This elusive and mystically trading solution is nonsense, pure nonsense, but it doesn't stop some traders wasting years of their lives, and a whole heap of money in search of it.
Just how do you make money trading forex?
The first thing is to stop spending money on forex trading nonsense, second you give up on the pipe dream that you are going to send someone (normally $97.00) for a newly discovered forex trading secret. Third you do not get suckered into the belief that say 'the more something cost the better it must be.
Many would be traders spend a few hundred on $97.00 secrets, find out they don't work and then create a completely irrational belief within themselves, that the latest offering costing several 1,000's just HAS to be good, as that is why it's so expensive. There is a whole heap more daft things that traders do, but hey lets leave that behind and get to the core of how to make money trading forex.
