Great Article Jacko. Lot of truth in.
Wish you the best,
Jacko, articles like this keep me at the business enterprise. You hit a few points exactly. Undercapitalized are my big issue. Realizing that I am near retirememt and have nothing to show for is pretty scarry, and puts some stress on me. .
Anyhow, great points you make, I will follow your advice.
Hello fxnewbie,
Try looking here
https://www.cliqforex.com/general-fo...a-raschke.html
and here
https://www.cliqforex.com/general-fo...ion-forex.html
should you need any more information, just ask.
Just remember, I am not saying anything different to that which all of the good trading books say. . .but it's amazing that every newbie wants to stand hard like a man and choose the market (by not using stop losses) and then wonders that state freight train flattened them (and destroyed their trading accounts). This can be magnified exponentially when the energy of leverage is used against you.
I exchange because it is tough as hell and I need to be one of those individuals who can do it. Plus I like it.
The reason I trade forex is simply to kill time. My daily action dull. I sell biscuits and my wife take good care of it everyday. I'm busy just from the opening or closure of this shop. Time is mine between that time. What if I do?? I can not hold a job, the task which repetitive everyday.
By forex, it is simply amazing. I figure out what works now not works tomorrow and maybe can function next week. It just like sleeping with unique girls from time to time. It never bored me.
Just my opinion...
no *h**
I suppose each has our very own reason. To sit in a computer , thump the screen etc when things dont go our way.... but to perservere . .means to an end scenario
freeedommmmmm....from that the 9-5 drudge for what . To have 2 days break and go line somebody elses pockets for another week
I exchange forex so I could retire in at most 5 years at the mature age of 25, and traveling the world shortly after.