Hello, everyone. In this thread, I would like to talk about my biggest problem. I do not understand, for instance, there are Forex traders, Guru traders, who allegedly want to help. They are millionaires. They offer their signals, and at the same time, they are all very popular and in high demand. But why is that so? And many of them, like MambaFX, for example, seem to refund money for signals. I do not want to; I have never given money to signal providers because I understand that I should not do this, as I am not earning now because I am too young. Moreover, the entry fees into their signal groups are at some exorbitant prices because even if I pay now, I do not know there, an entry into signal groups for 50 dollars, then I need to recover those 50 dollars and earn something extra, and since I do not know how to trade, and their trading signals are crappy, then there is no sense in joining. So, how then to earn money, and why do these guru traders enjoy such a huge demand, and it turns out, how do they get promoted on YouTube? Why do people choose them, they also started from some kind of zero, right? It is all about marketing skills. I will secretly tell you, some feeling of resentment towards the whole world came over me, and I also decided to create such a group. I promoted it as much as I could for two months, but all I got was a lot of unsubscriptions, and the number of unsubscriptions exceeded the number of subscriptions, so I gave up on it, and then I cooled down and did not want to engage in fraud. That's it.
I sincerely hope that at least on this site of smart traders, someone will help me, since I don't even know who to turn to. All the mentors, either they ask for money when questioned, or they simply have nothing to say. But personally, I already feel that if they ask for money, then they will also have nothing to say later because initially, they just want the money. Personal mentors can offer nothing. It's just garbage that doesn't even want to make money from people. And when you pay these mentors, all I got were results that were actually quite different from those posted, say, in some groups where customer reviews are located, who are in this group and trade according to these signals. Reality is actually deceptive. That's another thing I realized.
So, first, I want to talk about the very concept of charging money for some knowledge or courses. Let's imagine a scenario. There is a Forex trader who seems to know everything. He just takes money; he makes millions. He charges money for, I don't know, a signal or mentorship. And most importantly, he charges $50-100. So please answer this question: why does he need these pennies? Maybe I am from another planet, maybe I am from a different dimension, but I would never take money for mentorship when I am making millions, because I don't need this money, I would create other passive income sources. And this is just some kind of fraud. Most likely, this mentor is nothing special because making a mere pittance when you are earning a slaught from trading just doesn’t make sense. Let's stick to logic here.
Speaking of free learning methods, as I understand it, there are three paths here. These are videos, for example on YouTube, various posts, articles, etc., from the internet, on various forums, websites, and lastly books. Well, let's first talk about videos. Even if a person, who releases some Forex trading tutorial videos, shares a strategy, and I don’t understand why, let’s say, about an indicator that supposedly doesn’t repaint, although it does repaint, I really don’t understand, does he actually think people are that stupid? Why would he blatantly lie to their face? If an indicator repaints, and he says it doesn't, what kind of nonsense is that? What kind of audacity is this? Even if he wants to say something with his video, it’s that nothing really exists. No matter how many videos I’ve watched, they all say that this indicator is good, price action is good, ICT is good, etc. Something there is supposedly good, but it all turns out to be just empty noise, because much remains unsaid, and most importantly they still try to promote their mentorship and take money from people. Because of this, of course, faith in real earnings from trading is lost. Therefore, after 8 years of trading Forex, I can confidently say that I have not seen a trader who not only makes money but would at least pretend to be a mentor, a legitimate mentor who would show, a, his trading history and, b, how to backtest his strategy on the history of the chart. If he adheres to these two points, then I don’t know, maybe he is very skillfully disguised or he is really that trader, that mentor I've been looking for over the past 8 years.
Well, talking about the Internet, it depends on where we are. Either we're on a type of website like babypips, where normal contact isn't possible, or we're on a forum like ForexFactory. There, at least, you can ask someone if they have comments open under their post, if we're, for example, in a channel about their strategy. So, here you can find a strategy and at least start learning about it. Because I forgot to mention that most mentors, especially if the mentorship is free, don’t really engage with people. They don't want to interact because they have nothing to say, and they are busy not with the human factor but with the material factor.
So, if we talk about information on the internet, excluding forums, it's basically the same as on YouTube 100% of the time. The only difference is that information is presented in text form. As for books, I would rather recommend reading books about psychology than about trading because, again, everything about trading is disappointing. They talk about some completely stupid and incomprehensible funny patterns; there is no specificity. I recently read some trading books, I've given up on it, but when I read them, I got the impression that the author didn't want to focus on what really matters to the person who bought the book. They need a way to make money, a specific template, what to do. How to create a trading plan, there isn't even a guide for that. Just some completely incomprehensible abstract texts that don't stay in memory long after reading the book. Since books are a completely useless thing in trading unless you are reading about psychology, I've given up on that. And I think the traders who will respond to this post also don't read books about trading.
Approaching the conclusion of my post, I want to ask if there might be a fourth option? How can I start making money in trading after 8 years? What's the secret? Because they even say that price action works. They blatantly lie to my face. How can price action work when we cannot be sure that the market structure, that is, this price action, will be maintained further and further? If you don’t know that the market wants to beat you every second and is much smarter than you, then you are completely new to trading, I assume. So these simple tricks cannot work here. They are just childish. It's probably more about the risk-reward ratio. I've realized that this is the last thing I will focus on in my trading career since win rates don't exist. You need to play on some kind of psychology, even cunning. You need to play with the market. Somehow you need to not outplay it but follow it, but not through price action, because, as I mentioned earlier, in most cases, if you have a higher low, when you enter hoping for a higher high, you will be stopped out because it's all just too simple. The market will go against you. Trading is not an easy thing, as those same mentors tell you. If simple methods don’t work here, what will work? What is the main key in trading? My psychology is completely fine. When they say that trading is 80% psychology and 20% strategy, it just makes me shiver because it's such nonsense that should never have been repeated by the person who came up with this heresy. If you don't have a strategy, what psychology are we talking about? Even on the forum here, I read someone wrote that you can even make money with the worst system in the world, the least profitable system in the world, if you have skills. Basically, if you possess some self-control skills, if you aren't afraid to lose or miss a situation, etc. You must understand yourself. I just wanted to throw myself out of a window from such nonsense because lying so blatantly to people's faces, I just don’t understand how the earth bears these people. And the reason why I'm angry with these people, and I think you understand me, is that they just waste our time while we learn. Therefore, I sincerely hope that if you fall for these mentors, you are young, because I believe that one should spend their youth gathering and filtering data, so that later, as I understand, you can build your own system in a complex, custom version.
No one really talks about the fact that these years of trading primarily involve gathering all this noise and later gaining the experience that will eventually enable you to build your success in a trading career. Well, I'm basing this on logic. And all that surrounds me now is marketing—pure marketing, marketing mentors, marketing motivators; they all want to push their project, but unfortunately, they're not out to help people. Maybe I realized this too late, because I am now 19 years old, and before this, I just didn't even understand how the world works. I don't exclude this possibility, and perhaps I should even be thankful to God that I started trading at, it turns out, 12 years old. Sorry, then I’ve been trading not for 8 years, but for 6 years.
So, I would be very grateful if someone could give me some tips or even that very article that would help me achieve success. I speak so bluntly because I'm fed up with all this. And I also suggest, for those who can't help me, at least to engage in some discussion, maybe give some advice. But please, not the clichés like "you need to develop psychology," "you need a trading plan," "you need a strategy," "you need this," "you need that." Maybe I've even morally snagged some mentor right now, so I ask you, dear friend, not to vent your displeasure in the comments under this post. Instead, please just close this tab and do not return to it, since you are already in a good place.
Also, the reason I am writing this post on this forum is that I am confident there exists some Forex signal provider who I may never find, but this signal provider is the only most profitable and legitimate one, and I need to stick with them. There is also some lone mentor who does not take money, who is genuinely a millionaire—I am not talking fairy tales here; I had one such instance, but, unfortunately, that mentor for some reason left the group. Perhaps he wasn't even a millionaire, but at least he pretended to be one, taught us, and gave some profitable signals. There was a time. So, I think he was indeed a millionaire; he showed us everything we asked for, even showed us his money, but he lived modestly, so I didn't really believe him. In general, that's the story. I'm sure there are some unknown groups that are very hard to find out about or are very hard to find, since even that mentor I just spoke of, I found him in a very difficult way and lost him at a moment when I needed help, and I, so to speak, set off again on a free float. And unfortunately, that's my journey. I find someone, then I leave; I find someone, leave; I find someone, he leaves; I find someone, I leave, because I'm deceived. There, I find someone again, I leave, because I am not confident in my future results, as this mentor, for instance, does not allow personal contact. It's all quite sad.
I sincerely hope that at least on this site of smart traders, someone will help me, since I don't even know who to turn to. All the mentors, either they ask for money when questioned, or they simply have nothing to say. But personally, I already feel that if they ask for money, then they will also have nothing to say later because initially, they just want the money. Personal mentors can offer nothing. It's just garbage that doesn't even want to make money from people. And when you pay these mentors, all I got were results that were actually quite different from those posted, say, in some groups where customer reviews are located, who are in this group and trade according to these signals. Reality is actually deceptive. That's another thing I realized.
So, first, I want to talk about the very concept of charging money for some knowledge or courses. Let's imagine a scenario. There is a Forex trader who seems to know everything. He just takes money; he makes millions. He charges money for, I don't know, a signal or mentorship. And most importantly, he charges $50-100. So please answer this question: why does he need these pennies? Maybe I am from another planet, maybe I am from a different dimension, but I would never take money for mentorship when I am making millions, because I don't need this money, I would create other passive income sources. And this is just some kind of fraud. Most likely, this mentor is nothing special because making a mere pittance when you are earning a slaught from trading just doesn’t make sense. Let's stick to logic here.
Speaking of free learning methods, as I understand it, there are three paths here. These are videos, for example on YouTube, various posts, articles, etc., from the internet, on various forums, websites, and lastly books. Well, let's first talk about videos. Even if a person, who releases some Forex trading tutorial videos, shares a strategy, and I don’t understand why, let’s say, about an indicator that supposedly doesn’t repaint, although it does repaint, I really don’t understand, does he actually think people are that stupid? Why would he blatantly lie to their face? If an indicator repaints, and he says it doesn't, what kind of nonsense is that? What kind of audacity is this? Even if he wants to say something with his video, it’s that nothing really exists. No matter how many videos I’ve watched, they all say that this indicator is good, price action is good, ICT is good, etc. Something there is supposedly good, but it all turns out to be just empty noise, because much remains unsaid, and most importantly they still try to promote their mentorship and take money from people. Because of this, of course, faith in real earnings from trading is lost. Therefore, after 8 years of trading Forex, I can confidently say that I have not seen a trader who not only makes money but would at least pretend to be a mentor, a legitimate mentor who would show, a, his trading history and, b, how to backtest his strategy on the history of the chart. If he adheres to these two points, then I don’t know, maybe he is very skillfully disguised or he is really that trader, that mentor I've been looking for over the past 8 years.
Well, talking about the Internet, it depends on where we are. Either we're on a type of website like babypips, where normal contact isn't possible, or we're on a forum like ForexFactory. There, at least, you can ask someone if they have comments open under their post, if we're, for example, in a channel about their strategy. So, here you can find a strategy and at least start learning about it. Because I forgot to mention that most mentors, especially if the mentorship is free, don’t really engage with people. They don't want to interact because they have nothing to say, and they are busy not with the human factor but with the material factor.
So, if we talk about information on the internet, excluding forums, it's basically the same as on YouTube 100% of the time. The only difference is that information is presented in text form. As for books, I would rather recommend reading books about psychology than about trading because, again, everything about trading is disappointing. They talk about some completely stupid and incomprehensible funny patterns; there is no specificity. I recently read some trading books, I've given up on it, but when I read them, I got the impression that the author didn't want to focus on what really matters to the person who bought the book. They need a way to make money, a specific template, what to do. How to create a trading plan, there isn't even a guide for that. Just some completely incomprehensible abstract texts that don't stay in memory long after reading the book. Since books are a completely useless thing in trading unless you are reading about psychology, I've given up on that. And I think the traders who will respond to this post also don't read books about trading.
Approaching the conclusion of my post, I want to ask if there might be a fourth option? How can I start making money in trading after 8 years? What's the secret? Because they even say that price action works. They blatantly lie to my face. How can price action work when we cannot be sure that the market structure, that is, this price action, will be maintained further and further? If you don’t know that the market wants to beat you every second and is much smarter than you, then you are completely new to trading, I assume. So these simple tricks cannot work here. They are just childish. It's probably more about the risk-reward ratio. I've realized that this is the last thing I will focus on in my trading career since win rates don't exist. You need to play on some kind of psychology, even cunning. You need to play with the market. Somehow you need to not outplay it but follow it, but not through price action, because, as I mentioned earlier, in most cases, if you have a higher low, when you enter hoping for a higher high, you will be stopped out because it's all just too simple. The market will go against you. Trading is not an easy thing, as those same mentors tell you. If simple methods don’t work here, what will work? What is the main key in trading? My psychology is completely fine. When they say that trading is 80% psychology and 20% strategy, it just makes me shiver because it's such nonsense that should never have been repeated by the person who came up with this heresy. If you don't have a strategy, what psychology are we talking about? Even on the forum here, I read someone wrote that you can even make money with the worst system in the world, the least profitable system in the world, if you have skills. Basically, if you possess some self-control skills, if you aren't afraid to lose or miss a situation, etc. You must understand yourself. I just wanted to throw myself out of a window from such nonsense because lying so blatantly to people's faces, I just don’t understand how the earth bears these people. And the reason why I'm angry with these people, and I think you understand me, is that they just waste our time while we learn. Therefore, I sincerely hope that if you fall for these mentors, you are young, because I believe that one should spend their youth gathering and filtering data, so that later, as I understand, you can build your own system in a complex, custom version.
No one really talks about the fact that these years of trading primarily involve gathering all this noise and later gaining the experience that will eventually enable you to build your success in a trading career. Well, I'm basing this on logic. And all that surrounds me now is marketing—pure marketing, marketing mentors, marketing motivators; they all want to push their project, but unfortunately, they're not out to help people. Maybe I realized this too late, because I am now 19 years old, and before this, I just didn't even understand how the world works. I don't exclude this possibility, and perhaps I should even be thankful to God that I started trading at, it turns out, 12 years old. Sorry, then I’ve been trading not for 8 years, but for 6 years.
So, I would be very grateful if someone could give me some tips or even that very article that would help me achieve success. I speak so bluntly because I'm fed up with all this. And I also suggest, for those who can't help me, at least to engage in some discussion, maybe give some advice. But please, not the clichés like "you need to develop psychology," "you need a trading plan," "you need a strategy," "you need this," "you need that." Maybe I've even morally snagged some mentor right now, so I ask you, dear friend, not to vent your displeasure in the comments under this post. Instead, please just close this tab and do not return to it, since you are already in a good place.
Also, the reason I am writing this post on this forum is that I am confident there exists some Forex signal provider who I may never find, but this signal provider is the only most profitable and legitimate one, and I need to stick with them. There is also some lone mentor who does not take money, who is genuinely a millionaire—I am not talking fairy tales here; I had one such instance, but, unfortunately, that mentor for some reason left the group. Perhaps he wasn't even a millionaire, but at least he pretended to be one, taught us, and gave some profitable signals. There was a time. So, I think he was indeed a millionaire; he showed us everything we asked for, even showed us his money, but he lived modestly, so I didn't really believe him. In general, that's the story. I'm sure there are some unknown groups that are very hard to find out about or are very hard to find, since even that mentor I just spoke of, I found him in a very difficult way and lost him at a moment when I needed help, and I, so to speak, set off again on a free float. And unfortunately, that's my journey. I find someone, then I leave; I find someone, leave; I find someone, he leaves; I find someone, I leave, because I'm deceived. There, I find someone again, I leave, because I am not confident in my future results, as this mentor, for instance, does not allow personal contact. It's all quite sad.
Since I am currently experiencing stagnation in my journey, because I even lack the imagination to figure out what I need to do next, please help me advance further up the ladder. Send me some really cool articles, perhaps videos, articles from forums, links to Telegram groups, and so on. I am sure that there is something out there in this world that I am not aware of, and that just does not pop up in the search results of the same Telegram when I am looking for something
IgorFX