The Idiot's Guide to Trading on the Forex
By Gordon Philips, Director of Trading and Research
Institute of Higher Earning
Did you ever meet someone who always seems to have else to blame for their
trading or investing misfortune? The truth is that some folks couldn't make
money in the markets if you handed them a copy of tomorrow's Wall Street
Journal. So here, straight from The Department Of Hard Knocks, we “tell it
like it is ...".
Those Who Definitely Should Not Trade Forex
IF you think trading Forex means your computer monitor will grow a slot
machine handle on the side and you'll "get lucky" every so often, you should
not be here. You should be in Las Vegas.
IF you think trading Forex will be the ultimate investment thrill, you
should not be here. You should be bungee jumping. Don't forget your bungee.
IF you are a genius who has always succeeded at everything you've ever done
and cannot accept failure, you should not be here. You should be in therapy.
IF you’ve never sat at a poker table because you think gambling is (fill in
the blank _____________ wrong, dangerous, immoral, unethical, whatever) you
should not be here. You should be in church.
IF you think the ultimate in security is a good, safe job you definitely
should not be here. You should be at the Post Office dispensing stamps.
IF you can't understand why we're picking on you, you definitely should not
be here!
Those Who Probably Should Not Trade Forex
IF you routinely find yourself saying "He made me do it!," you probably
shouldn't be here. You should be in the Oval Office.
IF you have played poker, but were never able to spot who the sucker was
sitting at the table, it was probably you and you shouldn't be here.
IF you are a sufficiently talented fool that you can always find a loophole
in a fool-proof system, you probably shouldn’t be here. You should be a
lawyer.
IF you are such a tightwad that you can drive by an ice cream stand and
ignore your children’s pleas from the back seat, you probably shouldn't be
here (and you definitely shouldn't have any more children).
IF you think life isn't fair, you probably shouldn't be here. You should be
in the Army, where life isn’t fair.
Those Who Are Probably OK Trading Forex
IF you think the above is ironic or funny and you've met people like that,
you’re probably OK being here.
IF as a child you had a paper route, cut grass, shoveled snow, babysat for
spending money or worked behind the counter in your parents’ business,
you’re probably OK being here.
IF you have just spent the summer selling Frostee Ice Cream to replenish
your trading account (and not for the first time), you’re probably OK being
here.
IF you're the type of person folks would invite to Disneyland, you’re
probably OK being here.
We wrote this to make the point that there are risks in trading the Forex
market. Unless you work for the psychic hotline you should know that past
results can in no way predict future results.
The Institute of Higher Earning will help you minimize risks so that you may
trade your plan profitably... and live to trade another day.
