Mets

Good lessons mate! Now, I just need to teach my mum how to use a computer!

I think when you say "professional trader", you mean a "mentor". I think a mentor is good to have no matter what path you take...be it trading, selling cars, making widgets. A mentor will teach more than just learning. If they are good at what they do, they will teach you to use your own judgement and not be like a robot just taking commands.

As mentioned before babypips.com. Read as much as you can on fundamentals that drive this market. Study price movements on one specific pair and then branch out only after you have gotten really good with one of them. You will many of the others ebb & flow like in similar fashion.

I noticed that nobody has mentioned the spreads on these exotics. So many of them will cost you a lot of money up front upon entry of the trades. This is one reason so many people don't even think about them in the first place. The other reason is that they can be way too volatile. Not worth the headache, unless you really know what you are doing and you know the specific exotic intimately (no pun intended).

Sounds like he figured out that this was impossible to do successfully for any length of time. What he is proposing is very difficult to pull off.

Trading has so many rewards, especially if you manage the funds of others eventually. Unlike any other career where you have to answer to other people, it's just you vs. the market. I love it too!

Forget signals and learn to use your own brain.

I agree with johnstarks comments. They breakdown what I have said before into very detailed explanations:

 

A successful trade is something that ONLY the individual trading can define. Obviously, any winning trade is successful in its own right. However, what it means to you personally is where it matters most.

 

The biggest question any budding trader should answer is, "why am I trading in the first place?". Hopefully, the answer you come up with is not, "to make money". That definition is not refined enough and needs to be broken down into your true desires beyond just making money. You should look at your trading as a business and take every aspect of it seriously. By defining all the specifics, you are essentially coming up with a business plan.

 

The reality is that most decisions about successful trading take place when you are NOT trading. Key decisions are made in your mind before you even take on a trade. Once you get a system down and live by the rules of that system, the majority of your battle is dealing with things on a personal level. Things such as your ability to handle when the market goes against you and your ability to not go against your own rules whether you are up or down.

 

To me, this is what successful trades are made up of.

A successful trade is something that ONLY the individual trading can define. Obviously, any winning trade is successful in its own right. However, what it means to you personally is where it matters most.

 

The biggest question any budding trader should answer is, "why am I trading in the first place?". Hopefully, the answer you come up with is not, "to make money". That definition is not refined enough and needs to be broken down into your true desires beyond just making money. You should look at your trading as a business and take every aspect of it seriously. By defining all the specifics, you are essentially coming up with a business plan.

 

The reality is that most decisions about successful trading take place when you are NOT trading. Key decisions are made in your mind before you even take on a trade. Once you get a system down and live by the rules of that system, the majority of your battle is dealing with things on a personal level. Things such as your ability to handle when the market goes against you and your ability to not go against your own rules whether you are up or down.

 

To me, this is what successful trades are made up of.

PM me if you are still interested in this course.