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Old 07-06-2005, 16:04   #125
pipseek
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Re: The Best Way on Forex

I agree, FIND A MENTOR, but let's add some specific conditions to that search.
Number 1) find someone who is not attached specifically to a broker, such as an introducing broker.
Number 2) find someone YOU can trust or believe in.
Number 3) find someone who will advise you based upon your needs and pocketbook, not theirs,
Number 4) find someone who will be there 24/7 to answer your questions,
Number 5) find someone who will attend to your psychological needs and help you deal with greed, fear, and anger,
Number 6) above all find someone who will channel and control your ego.

Okay, okay, okay you got the idea, the mentor is YOU.

Here' swhat you do. Do an exhaustive search for trading clubs ion your area (e.g. Cornerstone, Supertraders). If you can't find one in your area, find one online (e.g.Cornerstone in Chicago, Tampa, Ft. Lauderdale). Find a broker who has a quality training program (GFT Virt, and I think FXCM advertises something, maybe even E-signal). Then read what ever you can get your hands on (Trading A-Z, The 21 Irrefutable Truth of Trading, and others come to mind). Then Tade a demo until you can't stand-it any more and then another month or Two. Attend a Money Show or some type of convention and go to all the free stuff, but be real careful of all the charlatans they let pedal their wares. You get the idea, this can be done. But it takes a lot of persistence and self control on your part. That is the very secret to success in this business; PERSISTENCE AND SELF CONTROL. If you fail, get out. These are things that you learned very early in life, if you don't have them now, you never will. Good luck.
BTW, spend less time in forums,at least until you have done most of the list above. They serve mainly to distract you from your goal of making money. After you get to that stage comeback and pick and choose your threads.
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