I’ve just had a Skype call with a South African guy who now lives in Spain and has been trying to trade profitably for around 18 months – and it struck me again that most new traders go through exactly the same problems in learning to trade.

First of all they will buy the cheapest trading system they can find on the internet and then have a few days on a demo account finding out all about how the markets work. After a period which is always too short (usually a few days) they will deposit a few hundred pounds into a live trading account and start trading with only scant knowledge of the instrument they are trading and also the strategy they’re using.

This usually results in the same outcome. Losses and more losses.

There will be the occasional winning trade which just goes to show the new trader that it is possible, but unfortunately he does not really know why it occurred ! And more frustration ensues while he tries to uncover what’s wrong with his methodology.

After a week or so, the entire account balance has gone and usually some more funds are found so that the process can carry on.  This quite often carries on for months while the person looks for more trading strategies but the result is usually the same – more and more losses.

It does sadden me when I here these stories every week but there is another way, one that will give you a proper grounding in the way the markets move so giving you a key to being successful in the markets.  Just email me and I will explain more.