Open trading account 
Many people are drawn to the idea that trading is a nice way to make a lot of money. In reality nothing could be further from the truth.
In a lot of jobs you can get by, even if you make mistakes, unless you are a doctor, in which case someone will end up dead. In trading its not like that, you are either right or wrong, it is black and white, no grays allowed!
Many people start trading using indicator, yet we never hear story's of traders that made loads of money using indicator, I have been around a while and I never heard one story of any trader that was able to make money using indicators.
So why is trading so tough and what do you have to do to actually make money in trading. In later posts I will give you my story about my trading evolution and why I changed my mind completely in my approach to my own trading.
But to start you off let me tell you exactly why you are failing, like me in the old days, you are doing it wrong.
Forget trying to nail the tops and bottoms, that way lays poverty, you don't need to do it. How many times have you seen a trend stop on a dime and reverse just as you got in. This has happened to me loads of time. It's not the broker. Its the mathematics of the market. Years of research has allowed me to determine certain rules about the movement of price. Firstly it's not random, the market is following laws that are at its very basic structure.
When you see a market falling hard or rising quickly, you get in hoping that it will continue, that move that pulled you into the trade is the last push before the reversal. Why did you trade, well you are human in the real world that move the market made would have continued, You are hard wired to be fooled by it. In the market that move is the signal that should keep you out of the market.
In my next post I will show you exactly what this move looks like.
In a lot of jobs you can get by, even if you make mistakes, unless you are a doctor, in which case someone will end up dead. In trading its not like that, you are either right or wrong, it is black and white, no grays allowed!
Many people start trading using indicator, yet we never hear story's of traders that made loads of money using indicator, I have been around a while and I never heard one story of any trader that was able to make money using indicators.
So why is trading so tough and what do you have to do to actually make money in trading. In later posts I will give you my story about my trading evolution and why I changed my mind completely in my approach to my own trading.
But to start you off let me tell you exactly why you are failing, like me in the old days, you are doing it wrong.
Forget trying to nail the tops and bottoms, that way lays poverty, you don't need to do it. How many times have you seen a trend stop on a dime and reverse just as you got in. This has happened to me loads of time. It's not the broker. Its the mathematics of the market. Years of research has allowed me to determine certain rules about the movement of price. Firstly it's not random, the market is following laws that are at its very basic structure.
When you see a market falling hard or rising quickly, you get in hoping that it will continue, that move that pulled you into the trade is the last push before the reversal. Why did you trade, well you are human in the real world that move the market made would have continued, You are hard wired to be fooled by it. In the market that move is the signal that should keep you out of the market.
In my next post I will show you exactly what this move looks like.
