Last night I went to the FXCM presentation to see Richard Farleigh speak. I was very disappointed that he only had a 1 hour slot as I think he had a lot of real great information to offer.
Anyhow, what I really enjoyed about this presentation is that in my opinion he spoke about how things really are in trading! He emphasized that if you want to be successful as a trader, you need to be professional. The trouble is that most traders have no clue what professional means…
That might be a great topic for my next newsletter, because that whole shift to professional was the thing that made all the difference to my trading results! By the way, that is the topic I will be speaking about during the ATAA Newcastle presentation…
We need more ‘real’ people like that on the speaking circuit. I was sitting next to a lady who has been trading for only 18 months and she was very excited about this guy whose name I will not mention who apparently trades only 1 hour a day and surfs the rest of the day whilst making A$2 Mill profit a year. And of course he is teaching his ‘secrets’ on how he does that and how you can do it too! Wow is all I can say.. How naive can people be?
If he really makes 2 mill, how big is his trading bank? How much is his % return? It all just doesn’t add up.. But I am open minded, just would love to see his trading statements …
I know quite a few extremely successful traders and I can tell you they all work at least 10 to 12 hours a day. But hey, that is not the dream of most people, they want to have ‘quality of life’ etc whilst making millions of dollars of a !0,000 dollar account.. people, wake up!
Anyhow, hope your trading day today will be your best day ever..
Mandi
