You’ve seen all the hyped media flying around about making your fortune in forex, whether it’s on the net, on the television or in trade journals. The placements that talk about how to generate $X,XXX amount of money in 6 weeks, the testimonials that say things like “thanks Bob for your indicator, I made $5,000 in ten minutes using your system”.

Don’t Belive the Hype – Remember the Song

Do you believe them? Have you been enticed in to buying a ’system’ only to find out later that it worked but not over the long run? Have you bought a ‘proprietry’ indicator only to find it didn’t deliver?

What ever you do in life, whether it’s a hobby, a passion, a sport or a way of generating money you do not get successful at it overnight unless you are very, very lucky. Forex is no different, amongst other things you need patience. Patience, patience, patience – get the message?

Why would someone sell you a system that can make millions for $77.00 all in? Think about it for a nanosecond, they wouldn’t would they. It’s marketing hype and we all, at some stage in our lives, have bought in to it if we are honest with ourselves, maybe not forex but some other subject matter.

How Does This Help You in Your Trading Career

Straight off the bat it helps you NOT part with your cash on any system. You can get all the indicators and software to trade forex with for nothing, no cash, no empty promises. Go on any popular forex forum and you will find loads of Metatrader indicators there that will not cost you a dime. Heiken Ashi, Ichmoku and Kagi charts – absolutely everything and anything.
There are aslo many systems for free but here is the thing – all you need to understand is price action and dominant trend. Sure you can use indicators as well but price action and support and resistance levels rule, how price reacts around key levels.

Stand Your Ground and Educate Yourself

Believe in your ability to learn and buy a good book – it’s not difficult to find out which ones are the best you only have to visit any popular online book store and see how many reviews each book has had, when it was published and how good the reviews are. It’s a little bit like music – the best artists are still sell records irrespective of when they were originally released.

Don’t look for a quick fix for forex riches – believe there isn’t one. Patience is a virtue and you need to understand this.