MoneyTec Traders Community Forum - View Single Post - Giving up on Forex. Any last chance advise?

cornellj · 30-10-2007, 16:22

Anybody who wishes to get involved in any form of business needs proper training through an extended period of apprenticeship. Studying for any profession at a University takes years of hard work. No single system of technical analysis or set of indicators can bring you instant success. Financial markets are not easy pickings for anybody. If you take the time to develop your strategies properly and manage your funds well this is the most profitable of all financial markets. Being able to start small there is no limit to how far you can go. I have been trading for less than seven years after taking 18 months to finetune my strategies. The results have been satisfactory in the extreme. I have been placing my trades over the past 22 months on a journal on this forum where each trade was given a time and date stamp at the time of placement. Reading it will prove my point of this market being the most profitable of all financial markets.

The risks are kept to a minimum ( current position size is less than 0.3% of capital). We managed to consistently have a return on capital of better than 100% per year compounded since inception.

If you prepare well you can make good profits.

30-10-2007, 16:22	#265
cornellj level 3 Join Date: Oct 2003 Posts: 216 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Giving up on Forex. Any last chance advise? Anybody who wishes to get involved in any form of business needs proper training through an extended period of apprenticeship. Studying for any profession at a University takes years of hard work. No single system of technical analysis or set of indicators can bring you instant success. Financial markets are not easy pickings for anybody. If you take the time to develop your strategies properly and manage your funds well this is the most profitable of all financial markets. Being able to start small there is no limit to how far you can go. I have been trading for less than seven years after taking 18 months to finetune my strategies. The results have been satisfactory in the extreme. I have been placing my trades over the past 22 months on a journal on this forum where each trade was given a time and date stamp at the time of placement. Reading it will prove my point of this market being the most profitable of all financial markets. The risks are kept to a minimum ( current position size is less than 0.3% of capital). We managed to consistently have a return on capital of better than 100% per year compounded since inception. If you prepare well you can make good profits.