POWERFUL FOREX SYSTEM MYTH BUSTER...

Is there a system that can really beat the market every now and then without fail?

I would say NO. A BIG NO indeed.

My personal tip is very simple. No matter who or where you get that email from, do not trust them blindly especially those putting some serious sense of urgency for you to watch their free videos and proofs on how they are making money from it. (and definitely ask you to buy afterwards).

These are all marketing gimmicks, in which I do not really blame them for doing such thing. If the system is so good in making money, I tell you it won't take much explanation for these sellers to sell since the system can speak by itself. Would you really sell something to the public that can generate you tonnes of money day in aand day out... ?

Oh yeah maybe, coz you make too much money already with this system that you don't need it anymore. Then why the hell you are selling it in the first place? Why can't you just share it for free?

Yeah I knew that people may not appreciate free items. But, the point that I am sharing here is do not fall prey to such gimmick where you have to fork out your hard earned cash to have this unproven system and later hoping that you can win trades effortlessly without any thinking.

That will never happen.

The reason I am writing this is just to share what I knew with you who may have just started or still in the searching mode for the perfect system.

Trust me, there is no such thing. And why am I saying this is because I keep on receiving emails from some friends asking what is the system that I am using now. They thought I am either already doom with my forex OR already making tonnes of money by keeping quite from writing any article in this blog.

The main reason for less writings these days are mainly due to I am particularly occupied with my day job and some other ongoing projects that have good prospects. That is why I couldn't write much.

But yes, I am still trading with the same system that I mentioned before BUT with significant improvement in terms of patience, discipline and risk management which are VERY HARD to master. All these are about myself that has nothing to do with the market.

Guys, there are for sure systems that can consistently bring you winning trades, but most importantly, it is the Decision Making System that really proofs to be profitable in the long run, especially if we talk about survivability and prosperity.

Know yourself, learn to control, have patience, have a system and have a discipline to follow the system.

That is indeed the best system of all...

FEAR & GREED IS EVERLASTING...

I have slow down a bit on my trading activities lately due to several unforeseen circumstances inclusive of time-constraint as well as losses here and there. Not saying that I am totally out but I am sitting back, reviewing every single thing that I have done for the past 3 years with my trading, before I can make a bigger kick-off later on.

There are indeed a lot of systems, EA and techniques that I have learned and tried through trial errors as well as via recommendation by my fellow traders, and I am still reading new books and materials on daily basis trying to learn anything that I have yet discover.

The fact is, none of these systems can guarantee me anything except from serving as a guide for me to come up with a good trading decision. On top of that, with limited time to look and sit in front of the screens, still chances of making wrong judgment, analysis and decision is very very high indeed, coz there is no way you can tell  exactly where the market is going in the next 5 minutes, 15 minutes and so on... we are playing with probabilities and uncertainties all the time and these 2 could be really scary if we do not really understand at what we are doing here.

The way I see it, trading is still human activities and the main driver to these price movement is no other than the fear & greed factors of human being.

The challenge as a trader is of course, to really understand, empathize and read the market psychology correctly in a way we can take advantage and manipulate this clear indication of market behaviors to our own benefit, on top of the technical levels and analysis that we use alongside in  our trading.

Sad but true, if not carefully control and aware, we could be demonstrating the same behavioral pattern of fear & greed when taking our trading decision. These two behaviors are normally obvious but the power to control thyself is not as easy when writing it on paper.

It is indeed the hardest thing to me personally until now. Most of the time, I could control myself but the moment I made this one stupid judgment and decision whether to take the trade or not, whether to hold or exit, everything can change... Those who are actively trading will surely knew what am I trying to tell here.

IT IS NOT EASY... that's the message. Why? This is because as long as we are human... the feeling of greed & fear will always be there remained within you. These beasts are not that harmful when they are in perfect balance, but once the cognitive bias is moving to the extreme side of either one, that is where problems will become inevitable.

So, the question here is... what is the lesson learnt and what are the solutions?

I guess the best way is to admit that we are human and there is no way we can totally omit these 2 beasts from our within... these two are EVERLASTING... BUT...

There is a way to control them by really knowing and strategizing our approach before any trade decision is taken in which risk management is the next thing that will protect you in case if you are wrong. But still, even risk management can go haywire if these two F&G start mixing around with your sizing calculation, by risking more than you normally do.

Anyway, back to earth... I am highly considering to do this on full time basis but there are still puzzles that I need to understand before I could seriously put my both feet into this trading world and call myself as a full-time trader.

Bottom line is, sure anyone can make money here but the risks and uncertainties are sometimes too big for any typical trader to jump in on full time basis.

And the reason is no other than either these fear and greed factors. You are either too fear to risk doing this on full time since there could be losses that you could not take or too greed in a way you put in your life-savings into your trading account and being overly-optimistic that you could change your life in 6 months. Either way is indeed harmful if you go to the extreme side, especially on greed.

Just think about it... Next I will write about the Power of Distraction...

THE REALITY OF FOREX TRADING... MY VIEWS AS OF APRIL 2010...

One thing that I love about trading is to deal with the uncertainties that the market offer every now and then. The fundamental though, remain the same, but still the dynamics and the volatility are no different compared to when you are sailing on the Pacific Ocean... where you open yourself to any kind of storm, turbulence and even tsunami.

The point is... only the strong will survive. 

Without proper knowledge, skills, experience and preparation before you start sailing, there is little chance that you will make it back to the shore.

So, what has this to do with this posting? 

Nothing much actually as I just want to update and reiterate on my latest view on this market that at least some of you would appreciate, apart from counter checking my own understanding. 

Guys, the biggest fact of all is that trading is a game of probability where no one, no one can get it right 100% of the time... regardless of how fail-safe or sophisticated your system is... I've been there... I've done that etc etc... and yes, it is not easy... 

Otherwise my account would have reached that 6 to 7 figure level already...

But... for sure there is a profitable way to approach this market that is neither too complicated nor too hard for you to understand... since the answer will always play around the word of patience, discipline and risk management. Believe it or not?

Anyway, back to the topic above, there are 17 facts that I would like to share here that some of you may find it common, but still precious to you to really digest... 

1.      To make money in this market, you have to get it right. 

2.      Volatility is the scariest part of trading where a profitable trade could turn to a loser and vice versa.

3.      You can never fight the market force.

4.      Money Management is your insurance, the one that will protect you when you are wrong.

5.      System versus Probability. There is no system that can predict the market movement 100% as movement and price actions are direct consequence of market players’ action.

6.      The market is pre-dominated by fear and greed from the market participants.

7.      The big players in this market are the Central Banks, the tycoons, George Soros, institutional traders as well as brokers who are known as the market makers.

8.      Do not fight the trend. The trend is your friend, but not the market.

9.      In any trading day, big news are the major market movers.

10.  The best hours to trade is the European Session to London Session close, between 3pm until 12am midnight.

11.  Some brokers trade against their clients, some even operate on bucket shop basis

12.  The most difficult aspect of trading is to have the patience.

13.  The most demanding part of trading is to have the discipline.

14.  Psychology of trading is another key component in trading.

15.  To be emotionless is almost impossible, though doable.

16.  No one can answer the question WHEN in trading.

17.  Anything is possible here.

Till my next post... Safe Trade...

THE IMPORTANCE OF VISIBILITY...

I have just gone through our yearly performance cycle review and some of the best area of improvement that I personally received consist of (from both my peers and superior):

1. To enhance my visibility.
2. To be more strict with contractors. I am seen as being too soft and nice.
3. To enhance my networking beyond electrical circle.
4. To attend all meetings that I am scheduled to attend, regardless of what...
5. To show more energy and stamina
6. To speak more and tell everyone that I am around
7. To be more focus and serious with my job (what the &^$%^*@!). I am not serious all these while?

Anyway...

Well well well... I love feedback as well as critics, but to certain extent, it could be too much for me to handle.

You see guys, the point here... These are all perceptions and those written above could be very very subjective, as to who made such claims, and the way they perceived me... unless something that are supported with facts and evidence.

When the company is making a 360 degree assessment on everyone especially the bosses, it was first perceived as something that is very good and positive for all the staff in the company.

But then when I look closely at the way the system is being executed, there are definitely defects here and there which are widely opened for rooms of improvement.

Hence, to cut my babbling short on this topic, I really want to reiterate on the "visibility" topic.

My question is - Define Visibility?

According to Wikipedia...

In meteorology, visibility is a measure of the distance at which an object or light can be clearly discerned. It is reported within surface weather observations and METAR code either in meters or statute miles, depending upon the country. Visibility affects all forms of traffic: roads, sailing and aviation. Meteorological visibility refers to transparency of air: in dark, meteorological visibility is still the same as in daylight for the same air.

Hahaha... you may be laughing reading the above definition as those are not the one meant by the bosses when they mentioned that I am hardly visible.

My definition is simple - to be seen working, hardworking, good, stylish, confident, charismatic, never say no, deliver as well as hardly against your boss' opinion and/or instructions.

Well, if you disagree with me, just keep it to yourself, I don't want to know.

What I am trying to share here is that, at one point or another... you don't have to be honest with your job or at what you are doing. What matters is what people (I mean your Bosses and colleagues in particular) know and see you are doing that matters. Can I simplify this further? For sure yes...

Just tell your Boss at what you are working on and make sure he knows and appreciates whatever that you are doing, because that really matters in terms of performance.

Working honestly, quietly without bugging any people is no longer perceived as smart or good nowadays, though we Muslims have always been reminded to work base on "LillahiTaala" (or because of Allah the Almighty alone).

To make things worse, even after delivering a very good result, you... still be perceived as not good enough due to not being visible enough to everybody.

In my case, I have reasons to justify why my visibility is being questioned though physically I am a big guy...

The factors to my invisibility are mainly due to:

1. I do not brag at what I am doing though I am a very systematic and procedure-wise engineer.
2. My direct superior is 3 steps higher than my current position, hence not easy for me to get his time
3. I have been alone leading this Electrical Section since the beginning of this project, so I didn't have anyone to delegate and spent more time to tell everybody at what I was doing. I didn't have time for that...
4. I have too much work to do for the company that I tend to forget that people around me start losing sights on me, even my close colleagues.
5. I believe when everything is ok and smooth, people thought you are not doing anything.
6. Those nay-sayers are taking advantage on my less-talk-act-more policy and hence took me for granted. They could ask at least...
7. We hardly care for each other in this big organization. We mainly care about our own ***.

True or not, it's up to you to believe... but to me that is what's happening.

The facts in hand:
1. I completed this project with electrical leading the rest of the other crafts.
2. I did my job, even more than what I had to do...
3. I didn't hurt anybody along the process...

Now when it comes to performance cycle and rating... all those good jobs are forgotten and it's all about who's who... and who will defend you in the board room.

Like it or not... This is the fact that not only me, but everyone is facing... and I am tired of this... but what choice do I have... Am I given the chance to explain myself? I don't think so...

After all the world is not fair to everybody... right...?

Have A Nice Day...

I AM CALLING FOR EUR/USD & GBP/USD CORRECTION in APRIL...

Since the downfall of Euro from 1.5144 and GBP from 1.7041 to current level of 1.3xxx and 1.4xxx respectively, it seems that both currencies are already showings signs of (at least) temporary bottom at 1.3437 (EUR/USD) and 1.4782 (GBP/USD) respectively.

Is it time for the bull to fight back? (ie at least temporarily)

Are the bears running out of steam already?

If you asked me, I would say probably yes but it is very likely temporary since the sentiment now is very much supporting the US dollar's strength, plus worries on the Eurozone due to Greece concern.

So, if I were to have swing short positions at both 1.51 (EU) and 1.6 (GU),  I would most likely pull out my positions now and go for the retracement instead before the next wave of bears attack coming in.

But, I am not recommending anything here as I am just giving my opinion base on the current market movement. Just remember that I could be wrong, like anyone else. It is up to you to analyse and decide but I am going for the bullish opportunity this April.

Anyway, please watch out for your entry timing as well as sound money management since severe volatility could kill anyone who are not prepared for such a thing, especially during a fundamental news release that are hardly predictable.

So if today's upward movement is to continue upward, I am expecting both pairs to travel back to at least 50% fibonacci retracement in April where EU would reach back 1.4280 and GU to reach 1.5800 before the next downfall, in which the next wave of big sellers would come in.

Just watch out guys. There are definitely thousands of opinions out there but I am telling you base on what I see both on the technical and fundamental aspect of it which serves as alternate options for you to consider.

Take my advice. Bear in mind that anything can happen here so just do your own analysis and don't be obsessed by any analyst' words as none of them would give you sure-profit-warranty over their expert's opinion.

I still believe in USD's artificial strength for the rest of the year, but of course, continuous supply & demand effect from the market will definitely fluctuate the price to levels where you as speculator could take advantage of by knowing where to position yourself accordingly in the market base on what is currently happening.

Safe Trade...

TILL TODAY... I DO NOT RECOMMEND USING ANY KIND OF FOREX EA OR ROBOTS... UNLESS...

You wrote or created the robot by yourself... in which you really understand the pre-set algorithms and condition for this robot to perform its best...

When I first started my trading career, one of my earliest online guru straight away giving his ADVICE not to use any kind of EA or Robot... AT ALL...

Yeah surely I had no idea on why he was insisting on that since at that moment, I do have a plan of trading the market with hands-free method by having (of course thru buying) the most expensive robot available in the market... And yeah, I did spend thousands buying some of the top-notch robot available (you name it) at that time.

I do not know about you, but after throwing more and more money experimenting these EA's, the conclusion is only one... NONE of them satisfies me... & NONE performs as advertised... I repeat... NONE...

Though I do not regret discovering the truth by my own real experience, somehow I do have this grudge towards the creators of these EA's who seems to me, selling their EAs without any sense of responsibility, except a few worth to mention like FAPTURBO & EA SHARKS that keeps their promise & after sales service & support...

I do not really intend to elaborate more on this subject as the message is pretty clear...

So I just summarise my opinions as follows:

1. Normally, most EAs could and would perform well only during a steady-trended market, where volatility is low. But in real day-to-day market condition, this is hardly happening, merely 30% of the time only.

2. EA's that are hardly programmed (likely a modified version or copy rather than genuine program) would either open a trade like a thirsty horse (always having a few open positions) or... never open a trade at all for the whole week unless all the written algorithm is met (which is very hard).

3. It is NOT EASY to get the best or correct setting for these EAs. When you email the owner, you normally get these answers as well - check your setting bla bla bla.... until you feel give up using the EA...

4. Just remember that market is made of people... If robot can do it all, I believe all the stock exchanges around the globe and Wall Street will require zero human intervention.

5. Sellers of EA (most if not all) are simply fishing for money from newbies who hardly aware of there is no such thing as Holy Grail in trading. They use the money they got from you for trading the market manually since they themselves do not trust these robots.

6. You will never learn and appreciate the market by using EA in your trading.

7. You will sure lose your money by (first) buying the EA, and (second) leaving your account to autopilot even during turbulence takeoff and/or landing, where the word "crash" is 99.99% likely to happen.. get the point?

The reason I wrote about this subject is of course, as usual some of my new-trader-to-be colleague questioned and enquired information on the reality of these FX EAs... so I just told him to checkout my blog.

I am just giving my opinion here (base on my real experience) so the rest please do your own assessment. Try experience any of these EA and tell me if you make money CONSISTENTLY with it.. I mean real money... I don't want backtest result...

Since for now.. I have totally abandon any kind of EA or Trading Robot application in my forex trading...

It is indeed a good decision since I am now more independent (ie trusting myself better) and of course having more confidence in taking my trade decisions...

Take care & Safe trade Guys... ;)

YOU TOO CAN BECOME A VERY GOOD TRADER... BUT...

You have to remember that...

1. There is no shortcut to become one... Nothing comes easy...

2. This is not a get-rich-quick scheme...

3. Those successful traders that you (may) see around you did not come to that stage in one or two years period... Most graduated from the school of hard-knocks... They too lost (a lot of) money... likely even more than you could ever imagine...

4. Learning is a must and continuous process... Doing something without proper knowledge is a sure way to failure..

5. A trader is not a gambler... A trader approaches the market with systematic risk management and taking chances base on market probability... Our aim is to prosper for sure, but before that, you must consider survival as your preliminary target since most new traders do not last that long in the market...

6. You must give yourself ample time to learn, grow, experience and remember certain aspects of the market that are hardly written in the book. What I mean is that you need to be realistic with your target... say to become an established trader in 3 years time rather than "I will turn this 1000 dollar into a million within 12 months"....

7. Self control is almost everything apart from proper risk management. Most traders destroy their account (inclusive me... ;) due to self-sabotaging activities in which they simply can't handle the first lost that followed by another loss (revenge) and another.... until the whole account is burnt out... this is indeed among the hardest part of trading that any individual trader must learn to master...

8. This is a serious business (i.e. not some sort of HYIP or internet investment scheme etc) and hence requires serious attention if you decided to venture. If you play around with the market, gambling or blindly open a position without knowing what's going on... I can guarantee that you won't last a week with your account...

9. This is where George Soros, Warren Buffet, Central Banks, The Feds, The Brokers, The Tycoons you don't know, you and myself are putting our bets altogether in speculating where that particular pair (ie EUR/USD) is going... If I bet the EUR/USD is going down but Soros and the Gang think otherwise... who do you think would win? The point is... think like Soros and the Gang... and of course, the majority of the market players... They moved the market, not you or me...

10. Though hardly being discussed, it is important that you stay fit and focus. When I look back at some of my major losses, reason being are due to lack of focus and energy when I executed that particular trade. When I am tired, my analysis and tactical thinking suffer and to make things worse, most of these losses were potentially good trades if only I just stick to the original plan. Losses incurred were due to poor decision in either pulling out too soon or too hold on beyond original stop loss...

Remember these 10 points by heart... I am sharing from my very own experience and yes, looking back at all these points, most subjects would only relate to one matter no other than YOU... since the market is always there behaving the way it intend to be...

The summary is only one

- You just need to master yourself in becoming a really good trader.. the rest you leave it to the market to decide....

Safe trade guys... ;)

WHO ARE YOUR ACCOUNT KILLERs ?

Talking about survivability in the market, it is all about risk management...

The way I personally experience it, most traders can get into the right trade every now and then, but no one can get it correct all the time... no one... no matter how good your system is... unless, and I really mean it, you are someone who has the ultra-patience to wait (and wait and wait and wait...) for the right setup to kick in.

What I meant here is not for you to glue yourself to the screen all day long, but to wait and be there when the moments come.

As a part time trader (still for now), I discover that one of the biggest challenge is to be there when a good setup is formed. You can make pending order etc but that is simply not my style as I prefer to trade and scalp the price actions most of the time, especially when big economic news are released.

Trading and scalping the price action from the 15M candle is pretty easy if you knew how, but then you need to be there when the action starts, or when the market start making a call for you to join in....

Anyway, back to the subject matter... I do believe now (even stronger) that it is poor risk management that acts as the number one killer to your account... getting it right is of course important, but to survive during a losing streak? It is all about having a good risk management... with of course, a half-decent system that gives you the winning edge.

For now, instead of deciding on the % of the account that I am willing to lose, I play around with the dollar sign... meaning that I do decide upfront on how many dollars that I can afford to put on the line for this one particular trade... but yes, still this is normally within 1% to 5% of the account level... at times, 10% is the most...

AND YES, join in the market during the European - London - US Session overlap only... Other than those periods (except when big news), market would normally be moving without any significant volume or big players...

Anyhow, as a trader, please do not forget that though risk management is vital, still ultimately... it is your psychology that needs to be in a balance state as not to initiate any unnecessary trade when the market condition is not conducive for you to join in....

Whether you survive, prosper or highly successful in forex trading, 90% of this depends on you... so when I discovered the statistic that 90% of traders lose money, it is because they didn't realize that 90% of their winning factors do lie within them that they have yet discover or realize... Instead of perfecting themselves (ie as trader), they look for a perfect system, blaming the market when the trade went against them, blame the brokers etc etc etc...

Do not victimize yourself in such a way you put yourself among these 90% of losers. I am not saying that I have already become the top 10% of traders, but for sure I am working days and nights into becoming one...

And most importantly... I believe in what I am doing to reach that level... it is a matter of when...

Safe trade Guys... I am still in recovery mood from last month's losses...

;)

LOOK FOR STRENGTH AND ACCEPT WEAKNESSES...

When dealing with people, whether we already knew, just know or hardly know, most tend to be very individualistic in such a way we like to look for people weaknesses rather than strength.

Agree or Not?

Ok, the point here is that we humans are very prone to look for reasons and factors that somehow we are better, richer, or whatever than the other persons. Though this is pretty universal and natural to human beings, I discovered remaining in such a state will give you more trouble rather than advantage.

Yup, being humble, nice, and down to earth is always the ideal and preferred attitude for most people. But to be good is not that easy either. Tendency to look for faults, errors and mistakes by the other party is always there. We love to point fingers to others in a way we forget that the rest 4 fingers are pointing back at  us...

Anyway, take these tips, live with it and hang on it... chances are you will prosper better than anyone else.

1. When dealing with someone, always look for their strength.
2. If you discover any weaknesses, hold it within you as your secret weapon. Do not reveal or tell unless they ask what could be improved...
3. In order to improve yourself, always ask for feedbacks and opinions. It may not be pleasant to know and learn your weaknesses from a third party point of view, but trust me, it helps a lot, especially from someone you can trust.

Last but not least, learn to appreciate people's time and always say thank you regardless of how big or small that person's contribution is...

To me...

Being nice doesn't mean that you are weak...

By the way, this blog is still alive... It's just that I was too occupied with my day job (PSR2 Revamp Project Final Stage - since Dec 2009) that I didn't even have time to trade almost for the whole month...

For sure I will write more on forex matters this month after everything is settled... I mean my project.

Take care...

METHODS TO MASTER YOUR FOREX TRADING...

Though I have no links, commission or whatsoever with babypips.com, I really recommend all newbies especially my colleagues to have a look at that particular website for its free education in forex. Even until now, while waiting for my spouse, when I am sitting doing nothing, I love to browse the website over and over again via my iphone by going through its free educational material on forex trading.

And due to these abundant free resources online on this particular subject, the sole reason for me to have this blog is not to show people what i knew about forex, but rather more to sharing and keeping my own journal on this interesting and rewarding journey in this trading world.

So now, one of my close friend here did ask on how do I develop my skills in trading. In a glance, he just couldn't believe on my market knowledge (not to brag though...) due to my day job as an electrical engineer.

I told him the number one reason is due to my interest in trading. I didn't know I have this interest until the day I started this trading venture.

For now, I love to learn about trading and it is in my blood already. When I said 'love' doesn't mean that I trade for the sake of trading. I become a student of trading and keep on learning and researching about the subject every day - day in and day out, regardless of how busy I am. I just couldn't stop learning about trading, through books, self-study and of course, life trading experience itself.

I must say that I'm still new, but I am quite sure that I did see and experience most of the market movement and I keep on looking for any new bizarre movements for my own records and references.

The reason is, I chose to do this and at times, it did affect my personal time with family initially but now I am more balance than 2 years ago due to my strict application on trading schedule. I do not trade every night but rather tactical in choosing my trading hours on weekly basis. And yes, I do start my bowling back, slowly...

Back to the subject... there are several methods that you could do in order to start learning and mastering your skills in forex trading... I ranked them accordingly to its effectiveness basis...

1. Find a MENTOR

Having a mentor will shorten your learning curve by at least 50%. Yeah, it is not easy to find a good mentor in which most of the time, these mentors are rather reluctant in teaching someone unless he finds the right candidate who is serious enough to be their student. Most of the time, these true mentors hardly charge their best student but of course, we do have to compensate his precious time reasonably at least... But do beware that some who are self-proclaimed mentors who put charges at sky-rocketing rate even before you hardly knew whether this guy is really a trader or otherwsie. Just beware...

2. Read FX and Trading Books

The easiest way to learn indeed. Though time consuming, I find reading is the easiest and one of the most effective method in gaining knowledge, in whatever field you are currently in. In fact, it is better for you to read and self-learn the basics on your own first prior to seeing any mentor. You save both your time and his time by doing this. The fact about learning through reading is that you can do it at any time, anywhere you want with minimal cost in buying books.

3. Attend FX Classes, Seminars or Courses

Classes, seminars and courses do charge premium rate to their participants. Though you may learn quite effectively through this method, most of the time I do heard people complaint about not getting their "value for money" by attending such and such courses. Still ok though, but I personally prefer to spend my money either on books or my live-trading account... unless I really want to meet that particular trader or trainer in person... 

4. Learn from the FX Market Itself

The best teacher of all is no other than the market itself. But surely if you appoint the market as your sole guru, you will have to learn from the school of hard-knocks, where the fees could be beyond your imaginable figures, unless you can stick to your demo account for years. Like Bob Prechter have said once, burning your account is one of the best lesson you could get from the live market, but of course not everyone is meant to take such losses.

Hence in conclusion, though the market is the best teacher of all, just like when you learn driving between a simulator and real road, still learning from the other 3 resources would save you a lot of money apart from saving your time from searching to do it the right way... But still, at the end of the day, you still have to find your own style, strength and weaknesses in trading.

Learning about yourself is surely one way to master your trades...

And most important of all... you have to trust me on this...

IT IS EASIER SAID THAN DONE... all gurus knew this by heart... though they hardly say this...

I've been there... I've done that... bla bla bla... and yes, this includes on people telling you to "please do not be emotional" as well... Like it or not, you will get emotional at times especially when in losing streaks ; when the market seems going against you almost all the time... though you did all the right thing by following your own strict rules and systems...

If this happens to you, all you need is really self-control and time out when you start making one bad call to another... yes, just stay out and forget about the market for a while... and yeah, this is not easy either... ;)

Bottom line is - Uncertainties are really something that we traders must learn to deal with in this market coz no one really know what will happen next...

Safe Trade...