MY PERSONAL EXPERIENCE TO BEGINNERS IN FOREX

Trading is difficult, in my opinion, but you can be successful at it.


So don't give up and don't pressure yourself. I started trading forex

live in 2009. I only became profitable consistently from FEBUARY 2010. That

is ONE good year of torture.



But this is what I discovered, patience to wait for your market setup.

Discipline to follow the rules of your trade is the only thing you need

to be successful. Anyone can come up with a trading system of

strategy that will win 80% of the time.



The question is the implementation of the trading strategy. How do

you deal with this, practice practice practice.



I traded my $250account to $5,466 within 2 months, when I decided

to stick to my rules no matter what. I always place my initial stop loss

and then move my stops as the markets move in my favor. If they don't

move in my favor, I am stopped out.



There is not easy way. You must bring yourself to consistently take this

decision. It works. In your case, what I would suggest is to get a good

mentor. Someone who can evaluate your trades to help you identify what

you are doing wrong. Don't be afraid to show your mentor your past trading

record. Once I look at my losses, I was able to pin-point the mistakes I was

making and I decided to make some changes. Once I did the gains began

to flow.