A MILLION here ... A MILLION there
It still amazes me every time I search "forex trading" or "forex training" to see all the new forex trading "experts" out there. Another day, another expert, all vying to reach the top of the heap. And each one has got ANOTHER easy money-making forex trading system.
Doesn't it irritate you that once you probe a little deeper the "experts", "trainers" and "course providers" are mostly failed traders turned "mentors", or Internet marketers? Aren't you frustrated by the fact that you only find copies of web pages you have seen many times before? Rehashed in a new form, but with the same old stories.
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Ring a bell?: "only ten pips a trade, 4 times a day and you are financially free"; "commission free trading"; "the banks are making billions in forex, why not you?"; "I'll show you how to make 200% in the time it takes a Ferrari to go from 0 -100"; "rake in the profits with leverage of 200:1"; "make money no matter which way the market goes"; "start with $250 in a mini account and turn it into millions " Lies, every one of them.
"If you tell lies about a product you will be found out - either by the government, which will prosecute you, or by the consumer, who will punish you by not buying your product a second time " is great advice given by the advertising guru David Ogilvy.
I have summarised only a few of the great forex lies above, but I have not yet told you the #1 lie that causes so many potentially successful forex traders to get lost in lion country even before they push the button to do the first trade. (By the way, if you didn't already know it let me be the first to tell you: nothing worth your time is easy or free. There are no free lunches. Let me repeat that: NOTHING IN LIFE THAT IS WORTHY OF YOUR ATTENTION, TIME AND ENERGY is free or easy!)
One of the problems that many people have in the forex (and other) markets is their wanting to buy, ready-made and off the shelf, a turnkey solution. That is, they want to buy someone else's system and just implement it and make money without thinking too hard. This attitude is all wrong. If it were that easy no one would work and everyone would trade. But these nicely packaged solutions, usually in the form of e-books, are real money spinners. That is why they will be pumped out, year after year. Different, format, different cover, same message. "It's easy, just buy me, I'll show you the way."
Successful traders develop their own system.
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About the Author
The author is a full time derivatives investor and coach. A key investment objective of this author is to buy stocks at a huge discount and own them eventually for "FREE" - that is right for free!!
