View Single Post
Old 06-24-2010, 10:03 PM   #82
ws6ta
Rs has made me the woman i am today!
 
ws6ta's Avatar
 
Join Date: Jan 2002
Location: ?
Posts: 4,331
Thanked 894 Times in 157 Posts
Failed 210 Times in 24 Posts
Okay boys and girls who wants to learn from my mistakes? LOL Be ready to invest a lot of money into trading if this is what you want to get into especially if you don't have a solid plan to begin with. If you think its easy you will end up losing your ass (although for some it is easy) but the majority it is quite a difficult task.

I have a lot of different things starting up again. Its been quite a ride trying to trade forex. A lot of stress that I absolutely did not need. A lot of greed/fear with massive positions opened. This was all money I could have thrown towards new toys or loaded up with citi bank stock when it was $1.xx but I thought I'd try something out. Haven't failed at many things in life and I wouldn't call this a complete failure but I will not be trading forex again. I drained my fx account of everything it had in it today. Learned A LOT about trading, trading psychology, technical analysis, etc. I was clueless when I started. It was too easy to trade large positions on demo but with no idea of stop losses and just hoping for the best when trades go against you they will make you panic. A solid trading strategy is needed and a lot of patience. I don't have any patience for day trading lol
ws6ta is offline   Reply With Quote