Guidance Practice and Determination

by Chris Lee

What separates the winning golfers (and traders) from the losing ones.

Going back to the Tiger Woods example -

Most people have heard of Tiger Woods' success, but few actually pay attention to how long he took to become successful.

Without a doubt, any worthwhile endeavor will take a significant amount of time and effort before success can be achieved.

Tiger Woods took a good number of years to achieve his level of success today. Even with a coach, he had failed multiple times before he finally became a worldwide icon of professional golf.

And yet most people expect to start being profitable in Forex immediately after they read a book, or after reading some fre.e information off a website.

So if you're just starting out in Forex, allow me to share with you this painful but necessary message:

"You will fail!"

In Forex, more than anything else, you will most certainly fail to make money, at least at first. You must be comfortable with accepting losses and learning from your mistakes. That's the only way to be profitable in the long run.

You will experience a lot of pain, frustration and feelings of hopelessness. That's just how it is. You will experience failure, after failure, after failure.

If you expect to start making good money in a few weeks or months, than you're just kidding yourself.

I don't mean to offend you, and I sincerely apologize if I have. But you must realize that Forex trading is not a "quick-fix" solution to your money problems.

To be a consistent winner, you'll need to work hard, love trading, and never give up. It's a tough journey, I won't deny that. But I can say that the rewards will be well worth all the effort and trouble.

Your willingness to accept failure and keep and open mind is crucial to eventually become a successful and wealthy trader.

This is the mindset the most traders will never develop, and is the reason why they will keep losing money.

The three words that distinguish the winning traders from the losing ones are: Guidance, Practice and Determination.

Now, the question is: are you willing to put in the necessary investment of time, effort and money to learn how to be a successful trader?

Only you will know the answer to that question.


Best regards,

Chris Lee

Chris is an advocate of mastering candlestick patterns so as to trade better. If you would like to learn more about the logic behind candlestick charts go here.

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Mar 25, 2010
Agree completely
by: Fritz

So true, there is no substitute for hard work, practice and determination. If you want something bad enough you will find a way to reach your goal.(ie Find the right guidance).

If you are not really that keen to reach your goal you will stop practicing and then then you will lose interest and your goal with fade away.

To stay interested and determined you must love what you are doing. Which means you will get plenty of practice!

Thanks for your comments Chris.

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