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Old 06-03-2006, 21:31   #146
WNW
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Join Date: Feb 2006
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Re: Giving up on Forex. Any last chance advise?

First of all don't kick yourself. A lot of folks (like ME) jump in throw a lot of money at things that they hope will work but do not. This seems to be part of the learning curve. Second for the time being consider trading to be just a HOBBY (paper trading!). This takes all the stress off. If you can turn your hobby into income down the road great but don't worry about it. Third - this is a big one - it's your (our my) own psychology that keeps us succeeding. Get on the internet see if you can find a copy of Rob Booker's "My Fy God Trader". Otherwise Google Rob Booker - he frequents these forums offers a lot of FREE useful advice for those of us who are stuck. You may also subscribe to his services / ebooks which is inexpensive. Then move on over to spreadtrade2win.com/forum check out the FX Wizard strategy. It is simple free. The nice folks over there are very supportive. You don't have to give up - it's a hobby you paper trade you practice you learn. That's all you need to work on for the time being. The guys who really trade will say the system stuff is simple you don't need a complex system it's all in discipline / money management. Trading is worth sticking with if you give up you'll never know if you could be one of the 10-Percenters! Hope this helps.
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