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Chapter 40, Graduation! Page 3

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 28, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Trading is a journey – not a destination

    You have to like it and enjoy by the process itself. Although your performance will be measured by profit as in any other business. Still, if you will not like the process, you will never succeed. Without the first you will never reach second.

    Here with our Forex Military School we’ve given you some nice tools and many advanced comments that hardly could be found for free somewhere else. But these are just tools and their application and effectiveness will depend on you. Every third person in the world is playing on guitar, but not every third is J. Hendrix. Many people play football, soccer to you Americans, but only a few can compare to those like D. Maradona, Pele and L. Messi.

    Applying these thoughts to trading, you have to understand that it is not some indicator, not a black box trading system and not the advise of your neighbor-trader that hit your account. YOU do it! That is your skills, discipline, diligence, your trading system, ability to analyze the market, execute your trading plan and risk management rules that make this work.

    Another important thing is your determination to study, apply what you’ve learned and track performance of this application. In the beginning you primary target is to be focused on the trading process, learning process and survival – not the profit.

    Making an everyday analogy – would you go into guitar players’ competition by learning only “happy birthday to you” song on single string? I strongly doubt it. Probably you will pass through technique, scales arpeggios, etudes and other education stuff before turning to play “Flight of the Bumblebee” on 250 tempo. Here is the same – learn to understand markets, improve your trading technique, find a proper trading system, good risk management and learn to combine all of these issues on Demo first.

    You major success here will be the trading system that gives you acceptable win/lose ratio, i.e. when your winning trades will be outperform losing ones.
     
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