Forex Fantasies Vs Realities

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Date: November 25, 2009, 04:06 PM
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Nairaland Forum  |  General | Welcome  |  Money (Moderators: FOD, naijacutee)  |  Forex Fantasies Vs Realities
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Author Topic: Forex Fantasies Vs Realities  (Read 80 views)
e-trades (m)
Forex Fantasies Vs Realities
« on: January 10, 2009, 03:17 PM »

The most important thing you need to check yourself for, if you want to be a professional trader, is the ability to identify your fantasies and quarantine them, as opposed to reality.

As a professional trade, I have been able to identify real forex issues, as opposed to dreams and fantasies. I have the ability to quarantine them, and put them aside. Without this skill, one can never achieve the goal of trading for a living.

I have ran across many traders, who dream of making millions, while they have a few thousand dollars in their accounts. One friend started with $2000, and wanted to be a full time trader! These are fantasies. Those people will try to open positions on a large scale, and thus endanger their account against margin calls, and thus a complete failure.

As I have mentioned in a previous tip, a 3% monthly gain on account is realistic. Amounts like 30% and higher, are just fantasies
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