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Old 27-11-2004, 20:40   #85 (permalink)
part timer
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Dagger:

I am a newbie too. I thought about getting a mentor, and to avoid getting ripped off, I am doing my due diligence and studying about potential candidates. (I think I have found one or two that are good honest guys, but none that will turn me into a winner overnight, and anything I learn myself tends to be deeper learning anyway, I think). Along the way, I am still getting tonnes of information about trading forex and trading in general. There is a TON of free stuff on the net, and I am beginning to think:

1) study, practice, study, practice with demo accounts.

2) Develop own systems, and test them. get an OVERALL plan for what to do with your money.

3) There is no substitute for a plan... all else is reactions which are hard to train, and even harder to retrain (when the market changes).

Time turns out to be the most important commodity.

I'll let you know how it goes from time to time on this forum.
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