Here's an e-mail I got yesterday from a colleague trader - only to reveal a bit - I redacted some things since e-mail is tailored to pique an interest in order to participate in this individual's blog/web - IN OTHER WORDS - I am not promoting anything NOR do I need this to be marketed. (NEITHER IT CAN BE SOLD).

Here it is:

1) Attitude: Save Money All the manner
Dont spend money you dont need to, actually, and especially when starting out!
There's a lot to learn before you may become a consistent trader. The counterbalance to this sobering thought is that a lot of it's available free these days.
Trading can cost you money over both the long and short term. Trading itself conveys costs, not least of which will be the inevitable declines you will suffer, especially in the early stages even though you're receiving on your toes. Dont compound your company costs by throwing money away getting knowledge you could have got free of price tag.

2) The Kiss Principle
I often refer to the KISS principle: Keep It Simple Stupid! I dont believe in calling anyone stupid however, so I shorten it to only KIS
Appearance, each beginning trader becomes overwhelmed by the complexities they encounter. Thats understandable, it's a complex subject and it takes some time to become comfortable with of the new knowledge. The mistake newbies make is to presume they must attempt to incorporate everything into their trading, find out absolutely everything at the same time, and most notably pile every tool and indior and other resource available to them into their trading arsenal.
The very best thing you can do when beginning is to narrow your field down to one or two things you feel comfortable with, and add to those one at a time till you've got a repertoire of acquired knowledge areas and abilities. Dont believe you need to get it done immediately. Climb the mountain one step at a time, taking rests.

3) Have or Get Realistic Expectations
Dont expect to do some course in Foreign Exchange trading and then go out and trade for a living! It wont work, not for you but your broker will be content with of the commissions in your losing trades.
Dont expect to begin trading and also be in a position to cover the bills and increase your family following six months. It doesnt work that way, simply ask any trader who actually made it to the consistent level. It takes longer than this, usually more.
Expect to spend money at a certain time on eduion, and also to lose money when you actually begin live trading. Even in the event that you begin winning there is going to be the inevitable series of losses which will puncture your self and shake your own workout. Be ready for that. NOTE by - THIS, NOBODY CAN TEACH YOU! NOBODY!!!!
The truth is that the path to Foreign Exchange success is like any other travel: punctuated with failures, characterized by varying levels of hardship, plagued with uncertainty, fear and greed. Yes, you will find triumphs along the way and that pot of gold at the end of the rainbow might exist, but it is going to take you some time to get there. Which brings us to the next step

4) Study Your Profession. HARD!
Ive already said the fact it is going to take some time and you will need to work hard. Dont believe you can make it in Foreign Exchange however much cash you have stored in your account in a brief space of time just like 3 to 6 weeks. I almost want to cry when I hear folks say they're going to leave their day job because theyve saved $10,000 to begin trading, without needing any homework concerning the markets that they will be trading. NOTE: happened to me three times - and it is not excluded it won't occur again ().
To start with, I was not so good at trading it took me about 6 to 7 decades of horrendous losses before I eventually stabilised! And seriously, Im not such an extreme case. Most traders I know who are successful will tell you it took them a few years before they began to enjoy consistent success. Be ready to examine your subject. HARD. And LONG.
A long time is a serious understatement in my view.

5) Be Ready To Fight. HARD!
Youve seen the advertisement: the lucky sod reclining on a gorgeous shore somewhere as a bikini clad twenty-something wafts up to serve him a exotic cocktail in a glass frosted with ice nestled onto a silver platter while seagulls drift in the sun-drenched haze yada yada yada yada yada
The truth is that lucky sod (if hes actual) spent his time in the trenches earning that reward. (OR HE NEVER SUCCEEDED AND JUST SELLS FOREX STRATEGIES FOR A LIVING). Every successful trader I know may recount nights spent tossing and turning, walls hit in fruion, shameful days when stupid mistakes wiped out accounts and so on. Keep your eye on the prize with means, but keep your mind about the task available.
You will lose, get accustomed to it. You will lose. I repeat - you will lose. Sooner or later in your trading account, even in the event that you begin on a winning streak, the Foreign Exchange market will belt the heck out of you. Plus it wont stop there. Trading Foreign Exchange will test your resolve like nothing else can. Its not for dilettantes, therefore conduct an honest appraisal of yourself today. You'll need stamina and courage in abune. Dont have them? Save yourself pain and money: exit today!

6) Identify the Lions, Sharks and Other Predators
As Ive said elsewhere the world wide web is swamped with so-called Foreign Exchange guns gurus pushing their expensive systems and promising to have the ability to turn completely anyone into overnight millionaires. Most of these men are sc to be averted in any way costs. How can you tell if they're a scam? Simple:
If It Seems Too Good to Be True - It Is!
A true mentor will be upfront and honest about the risks and the costs, and especially about the effort required to achieve success. Look for a sales pitch which incorporates these realities while at the exact same time demoning the advantages which may be enjoyed using whatever it is they're selling.
The other side of learning to detect Foreign Exchange sc is learning how to identify those folk you can trust. For the most part that includes experience, as you learn more and see more of the market.

My notice ():cliqforexneeds MUCH more of articles such as these and MUCH less articles like will you get rich trading, simple proven 95% egy, just how much can you earn money Foreign Exchange etc.. .

You get the point.

Yet another thing: Do you know anybody/anyone/anything that may teach you experience?