No more brainwashing to try and convince you that trading is easy because it is not.
Most trading vendors will try to sell you a worthless course for a few hundred dollars (or even much more) with a holy grail trading strategy that will allow you to double or triple your capital in a very short period of time. They will tell you trading is very easy, they will show you track records that are not worth the paper they are written on, they will promise you un-told riches and guess what? The vast majority will probably be junk, most track records will be done in hindsight where they already know the closing prices, they rely on hyped up advertising and lies to appeal to the greed and naivety of the new trader.
At “Set and Forget” you have the potential to reach a decent account growth per month and year without too much time in front of the computer by working less than hour every day or every other day (depending on your trading plan). This result can be achieved with time and effort. You first need to work very hard for a long time with study, practice and screen time. This will help you to get confidence in the rules, where you actually change your mindset where you learn and understand how supply and demand works.
Let’s face it, if these vendors could do what they said they could, they would trade. Those that know how to trade — TRADE those that don’t know how to trade — TEACH. I am the rare exception that does both and I will prove it to you. I will answer every question in the community that you have and I will help you to reach your trading goals if you are willing to put in the work.
Most of these vendors use tools that will look good on paper but will hardly never work. Markets are not scientific, even a child in school knows that. If they were, there would be no market as we would all know the price in advance. A market is a market, because it depends on opinions of humans and they don’t think logically or scientifically.
The vast majority of these vendors will try to sell you day trading, intraday and scalping systems. Those time periods are too short. Short term volatility is noisy and extremely hard to trade consistently, it’s very difficult to spot supply and demand imbalances as well support and resistance areas in a matter of minutes or hours. You may as well flip a coin.
Ever seen a day trader with a real time long term track record of profits? – Difficult to find. Let me know if you find one.
Even traders with a good method can lack of confidence and discipline. You need to have rock solid confidence in your system to help you trade through periods of losses. This is the hardest part of trading any market, and most traders simply cannot do it. It really is a learned skill but it takes time a total understanding of your trading method and knowing what your trading edge is – If you don’t know what your edge is then you obviously don’t have one! Supply and demand is a trading edge, however that does not necessarily mean your success is guaranteed, you stand a chance, that’s all, just a change.
Don’t let vendors and charlatans brainwash you to try and convince you that trading is easy because it’s not. They will promise you a 20% or even 40-50% and higher monthly profits. Those percentages are unrealistic and unsustainable over time, we all know that. Don’t get sold on the idea that that can be achieved consistently over a long period of time. A professional investor, a hedge fund is happy with a very small percentage a year, most retailers have no access to big amounts of money so they think that the only way they can earn their living through trading is by aiming at a very high % account growth, thus risking too much and eventually blowing up their live accounts.
Instead, try to learn a methodology that will give you an edge and a consistent and realistic monthly account growth, a figure that you will not lose any sleep over. Supply and demand can give you that edge by trading the bigger timeframe imbalances. There are enough trade setups per month to reach a decent and realistic account growth, you just need to make up your mind and be very patient. Trading is all about having an edge and the patience to execute your trading plan to pull the trigger on every single valid trade setup that follows your trading plan.
Everything about being a consistent profitable trader can be learned, the rest is up to you.
The truth about trading Forex or any other market is the way to make money is not to follow others, or think it is easy, it is not. The way to succeed is to work smart and hard and the rewards are immense. Accept the reality that you need to devise a mindset to deal with an entity that is all powerful – only you can be wrong as the market price is right.
Learn to trade it by accepting this simple fact. It’s going to make you look stupid at times, but accept its power and work within its rules. Most traders are naive greedy or stupid – or even all three combined looking for an easy monthly pay check and that’s why most of them lose. Get the right mindset work hard, understand yourself and understand the market, treat it as an odds game.