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Chapter 29, Part II. Starting With Trading Plan Creation. Page 4

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 27, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
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    As a conclusion, we have to say - “don’t be maximalist and do not chase all that you can grab, think rationally.” Probably, you can even buy just the book and get free 1-month access to private forum – that’s will be sufficient to start with his method. I think you’ve got the point. The same is with most other methods.

    Also you can subscribe to an e-letter of market analysis by his experts – this is around 80$ per month – not so expensive, right? Besides, you will not need it for a whole year, since you have to study book first.

    When you will assess this method and understand that it is suitable for you – get some success by applying it, you may start to think about attending of seminars. Besides, your profit can compensate for some expenses.

    So, here are our expenses for the start point:

    1. Book of any method – approximately 150-200$;

    2. Private educational forum, e-letters and/or live trading room - approximately 500-800$ for 1 year

    Total: 700-1000$ for the first year, may be a bit less.

    3.1 Time is also an expense

    This is a very logical question appears right at the starting point – how much time could the education process demand? And the most pity is that we can’t count on it definitely, since there are a lot of sub-questions:

    - how much time does trader need to spend on learning, level of his/her diligence and accuracy;

    - Has the trader ability to create a trading plan and follow to it;

    - Does he/she have bad habits that demand to be eliminated, etc.

    Also keep in mind that there is one thing that can’t be taught anyway – experience. Any rules, methodologies, all possible ways to dealing with markets and types of analysis could be, but experience could not. A trader’s perseverance, diligence, ability to plan and and a tendency to follow hard discipline can reduce time needed before getting first success. Also, if a trader has an ability to test and apply their knowledge at regular basis gets more experience.
    #1 Sive Morten, Dec 27, 2013
    Lasted edited by : Oct 8, 2016
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