We visited Springfield Illinois where Abraham Lincoln lived and had a successful law practice. We were able to take a tour of the house where he lived when he ran for President of the United States. The guide shared with us that the house was small when they first moved in and as he became more successful in his law practice he added on to his house. We then visited a replica of a little town where he lived for 9 years and was a partner in a mercantile business. We found out that he was a successful surveyor as well.
What does this have to do with the currency market? I was thinking how Lincoln learned how to do his many professions, it was by studying asking questions and practicing. That is how we have to learn how to trade, by studying, asking questions and practicing. I talk to many people that want someone else to trade for them because they think they can’t learn how to trade forex. Then there are the people that want to find a system that will do all the trading for them so they just turn it on and the money comes in. A person has to be careful about whom they get to trade their accounts because it seems that most professed money managers just manage to loose all the money. If there is am automated trading system that makes all the money and the investor doesn’t have to do anything then we have not seen nor heard about it.
My point is that the currency market is learnable but it does take a lot of study, asking questions, and practice. It is not for everyone but it can be for many if they put in the effort. This does not mean you can sit and look at charts hour after hour and get the knowledge you need to be a successful trader . It means there will be a lot of reading, listening to trainers, watching videos, and learning trading systems along with looking at the charts. It is fun and can be rewarding and it does take a lot of work. Make sure there is fun in your trading or you will not be with it very long.