My friends, you’ve been listening to me quite long (and I will continue my dark mission), but today you have a chance to hear what other traders have to say. Today I’ve got a great feedback from a trader, who works his way to success. I’m glad to share it with you:

“Well, this is by far most amusing TRUTHFUL site about Forex. I’ve discovered Forex a little over a year ago now, have spent lots of time learning, researching and trading on demo… I also lost some real money being confident that after 3 months of demo I can make money on Forex… what a noob… :-)

I’d like to share what little Forex wisdom I have accumulated. First of, listen to Dark Lord – do not buy anything! No classes, no seminars, no books, no systems, NOTHING! Every bit of Forex theory you can find on web for free, you just need to dig a bit. And by a bit I mean at least a month, you won’t find the good stuff right away and there is so much information out there you’ll need a long time to read it all.

Next, open demo account with whichever broker, doesn’t really matter, you have to just learn basics of trading, setting up charts, learning about mechanics – stops, limits, trendlines, indicators. Try everything the software has.

Then, start training discipline. You will not make money on Forex without ironclad discipline. You need to make a system and stick to it without exceptions. You need to erase emotions from your trading. It must all be math. You must be a machine. Trading must not be FUN. No work is fun. And successful Forex trader is a worker.

Before you invest your money, test your system. Enter 50 trades under your rules, each time entering only if all rules are observed and keep track of each trade. In the end, calculate your success rate. If you are breaking even or losing, systems sucks, improve it and enter another 50 trades ALL of which have been executed based upon new set of rules over and over again. Once you make good profit over 50 trades (and believe me, 100 would be better), then you are ready to invest real money and make your fortune. You will NOT be successful trader before you have a system that in the long run makes more winning trades than losers. And be warned, it may take you couple of years to find a system that will create more winners than losers based on same set of rules over and over again. Most people don’t have the discipline to test, test, test and then test some more to get the winning system.

That’s the reason you get 10% successful traders (I personally believe that number to be even lower) and a bunch of losers. Anybody who doesn’t have impressive self-discipline will fail at Forex.

I’m far from being a disciplined man but I’m working on it because I hate going to work more than anything and I will improve myself and my Forex system until I become good enough to be a winner. Doing Forex properly – with discipline and unflinching determination – is HARD. If you are after easy money, buy lottery ticket and start praying, Forex is not for you.

Anyhow, really good job Dark Lord, keep on spreading the truth. :-) “

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