QUOTE(glamoroussoul @ Aug 11 2023, 12:50 AM)
To all the sifus here, I have quite a lot of free time and would like to learn how to trade forex. Anyone can enlighten me if this is doable via self learning? Saw many ppl follow guru or a team and I’m quite skeptical about that.
You have to self-learn eventually... There is no one that can replace that... Trading is like driving a car...Can I make you a safe driver despite you knowing how to use the seatbelt, accelerator, steering wheel, brakes, as well as the gear box? What even defines 'safe driving' to you? How close must your car be to another and at what speed is good for you? What road condition should be avoided when you plan your route?...
You'd be surprised how common analogies are that can be related to any forms of spot market trading...
People tend to overthink how trading is... In truth is that you will have to lead yourself...
You may know the basics... People may have shared about it before... But like any other traits in life, you must take charge at the driver's seat to be a good driver...
Since this is my first post considering that I have this account since 2012, here is another token of wisdom to share...
Profit / loss don't matter...
Win / lose ratio don't matter...
What Tom, Dick, and Harry says also don't matter...
What matters is you operating the system primarily, your ability to learn from experience, and how well you learn from others...
Your focus must be on your execution / process... Like your focus being to be a safe driver...
People's win/lose ratio does not matter because their system differs...
As a trader, and as a driver, you must focus on the process...
Ultimately, your guru may be profitable.... Like he / she is driving a car safe and sound.... But you cannot blame your guru for your failures and responsibilities...
You will be grounded to absolute ownership that is needed and that there is no one else to blame...
This post has been edited by Hastebreak: Jan 6 2024, 02:34 AM
Jan 6 2024, 02:27 AM

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