For my very first post, I guess I’ll have to introduce myself. The name’s Christian (tianx) and I’ve been dabbling on the forex market for roughly 2-3 years (lost track somewhere down the road. To better understand the things that I’ll be posting on this blog, first you guys must know about me, my trading mentality and methodology. Well… Actually for the me part, that’s not really important so lets move on to the trading mentality part. Contrary to whatever disclaimers out there say about going into the Forex market only with funds you can afford to lose, I prefer to think of the funds that I actually hold as something that I can not afford to lose. This way, the “Video Game” mentality of trading is taken out.
What is this “Video Game” mentality? This is when you demo trade with hundreds of thousands of dollars of vitual money that you dont really care for the account. Sure, you are familar with it, the interface, how it works Sure, you put in $250 of your money to trade, so what? will you lose your house over it? will it affect your life in general?
Remember folks… Forex is serious business… it’s not a game… there is no fool-proof way of making money in this business. No real system and no holy grail..
Now that that’s out of the way… watch out for my next post, Leverage for the casual trader.