When I started forex trading (many years ago now) I really believed that I would soon be dragging in the cash. Forex was, after all, a giant online marketplace where someone like me could hardly fail to make good easy money. I had done my research, and I understood that over 90% of forex traders quickly fail, but I never believed for a single second that this would happen to me! If I took the time to study the best forex trading strategies and assiduously avoided the pitfalls, I'd soon be a top forex trader!



I invested in the very best forex training course I could locate, it was entirely on dvd, and it cost me over $4000. There were 14 hours of high quality forex education, and several pieces of useful software, including a link to some free forex signals software which was already set up with my passwords etc all ready to go. I even received a forex spread-betting account. That was handy - tax free trading!

I also got bonuses like permanent access to the writer's own web site where I could connect every afternoon and review his daily reports. I could study his trades and hear his explanations (and sometimes his excuses), and learn how many pips he had made that day. He usually made around 22 - 35 pips - most often trading the GBP/Dollar market. My reasoning was that anything he could do, I could do too! This was going to 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 into my spread-betting account and put in some funds (about $4,000). I didn't mind tying up that money for a few days - I was already dreaming of fast motors and fast boats

That was over 3 years ago. Do I now have that Mercedes or the Ferrari? Sadly no! Have I made a fortune? Well not yet! In fact I've lost some money - well lots of money actually! I haven't lost confidence in the forex market as a vehicle to make money online, I've met too many forex traders who make good money. I know it's possible, I've seen it done many times. I wasn't doing it though - so I blamed my system!

I put my hand deep into my pocket and spent more money, I purchased the top web-based systems - but only after I'd painstakingly checked out their testimonials from other users and satisfied myself that other traders were really making good money using them. I bought forex trading books, I bought forex training books, I even bought books listing and comparing forex systems. I then bought another forex training course. I studied several day-trading systems comparing them to longer-term systems. I was absolutely determined to succeed in making money by 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 now felt that my own personal approach, my own style, my own methods, they were all letting me down. Even using a proven winning forex trading system, I would lose lots of money. And for a long (and costly) time, I didn't even realize it. It wasn't because I hadn't invested enough money either. So I did some 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.

What does that mean in this context? What was I missing? What's the difference between a winning and a losing forex trader? How else could I become the total trader? It didn't take very long to get that question worked out!

Once I took the blinkers off I realized that it had to be me. I had to admit to myself that I am not nearly as clever as I thought - I soon identified a whole boat-load of personal deficiencies that prevented my success. Words like resolution, concentration, dedication, honesty, self-discipline, all came into my mind. I had not used sufficient of any of them!

By chance I managed to lay my hands on a very useful booklet. It came as a free bonus when I purchased some trading software from my favorite forex web site. This booklet made no attempt to teach me to win with a forex trading system, it covered only the attitudes and trading styles of quite a few forex traders, and why the majority of them still go on losing money.

What did I learn? Well - it was obvious that the problem is inside of my head! Like the majority of forex traders I am just unable to stick to the systems I have learned. That's why I (and most forex traders) continue to fail. But luckily my new booklet not only pointed out my problems, it also showed me some quick (and obvious) solutions. I'm trading a lot more profitably right now.

I certainly owed a mighty favor to those site owners, so I've re-edited and expanded their little booklet. They're still giving it away as a free bonus to anyone who buys from their site. It's called The Missing Link, it's still (effectively) free and it's still worth every cent