Back when I decided to start my forex trading career (quite a few years ago now) I honestly thought that I would be making big money very quickly indeed. After all, I was entering the monster online currency market where I could hardly fail to make good money. I had investigated the market thoroughly, and admittedly I knew that in excess of 90% of forex traders fail to make serious money, but I did not believe for a single moment that this might include me! My attitude was that if I took the trouble to study the best forex trading techniques and avoided the pitfalls, I'd soon be a top trader too!



To start off I had invested a lot of money in the very best forex training course I could find, it was a complete set of 13 dvd's, and cost me in excess of $4500. I recall that there were over 13 hours of best-quality forex tuition, several useful software applications and some free forex signal software, and everything was already set up and ready to go with my passwords etc I also received an established spread-betting account. Now that was very handy indeed, I could now take advantage of tax free trading!

I also got access to the author's private web site and could review his daily progress. Every evening I would review his trades and listen to his comments, and learn how many pips he had made (or lost). Most days he made around 20 - 35 pips - mostly in the GBP/Dollar market. So I thought, if he can do it, I can do it! This would be very easy!

The course covered every aspect of trading, including record keeping, preparation, paper-trading, even the psychology of your average forex trader. I watched the entire dvd set which took me a couple of days. Then I re-watched some of the dvds, mainly those covering forex trades and specific forex techniques. I couldn't wait to begin.

So I logged on and added cash to my spread-betting account (I think it was about $4,000) but I was already dreaming of the fast cars and speedboats I would soon be driving.

That was a few years ago. So do I now have even one of the cars or the boats I dreamed about? Well actually - no! Have I made pots of money? Again, and very sadly, not so far! To be honest I've lost quite a lot of money! I do still retain the confidence I originally had in forex as a great way to make a really serious online income, because I've met and talked with such a lot of wealthy forex traders. I still believe that I can do it because I've seen it happen repeatedly. I decided it must be my trading system, what else could it be?

I stumped up even more money, I invested in the best web-based forex trading systems - after I had very carefully studied their testimonials and seen that other traders were making some serious money from them. I also bought even more books. Forex trading books, forex training books, even books listing and reviewing forex systems. I even bought another forex training course and some financial guides, I studied day-trading systems next to longer-term trading systems - I was totally determined to succeed in making money in forex trading.

I must be making money by now then? No, not yet! But I think I am beginning to understand where the problem is and why I've failed so pathetically. It pains me to admit it, but I think the problem may be ME? Little old me? Naah, impossible!

I had come to realize that my own individual style and my own methodology, they were letting me down. Even when I was using a proven winning trading system, I would still lose money. And for a long time, I didn't even recognize it. I did even more research.

I now appreciated that it is quite possible to obtain successful forex-trading systems for not much money by going online, and that even the best forex training courses aren't expensive compared to the potential rewards for doing it right. There are many inexpensive forex resources and plenty of training available on the web and it is entirely possible for anyone to set up to trade forex online, and then to make some steady money. This massive resource is working for many other people, but not for me.

But what did that nearly mean here? What was missing? What was the difference between a winning and a losing trader in the forex galaxy? Who else could I speak to about learning how to be a successful trader? I soon had that question worked out!

Once I really took the blinkers off, I realized that it just had to be me, who else could I possibly blame? I had to accept that I am not remotely as clever as I once thought. I soon identified plenty of personal flaws that were holding me back. I had no resolution, I lost concentration, I lacked dedication, I was not honest with myself, and I needed more self-discipline.

I had got my hands on yet another book - well booklet actually. It was free (and worth every penny). It came as a bonus when I bought some trading software through my favorite forex trading software web site. This little booklet didn't attempt to tell me anything about winning forex trading systems, it dealt entirely with the secret ingredient that is missing from the mental toolbox of many forex traders, and is probably the reason why the majority of them lose money. (Come to think of it, it's missing from the mental toolbox of traders in most other financial markets too).

So what did I learn? I learned that the problem is in my head! Like most forex traders I am incapable of sticking to any system I have learned. That's why I and most other forex traders fail. Luckily for me, my little booklet not only pointed up my problems, it also pointed out some quick (and blindingly obvious) solutions. I'm trading profitably now.

As a thank-you to the site owners, I've taken their little booklet and re-written and expanded it, and handed it back to them. They are still giving it away free to purchasers of anything from their site. The book is called The Missing Link, and as I said, it's still free and still worth every penny!