Winner of the FX Live! Scholarship Contest!
Mark | February 3, 2009Thanks to everyone who attended our FX Live! Kick-Off Webinar! We had a great time singing the praises of this remarkable forex system and live training – if you have any further questions, don’t hesitate to leave a message on the blog or contact us via email or phone!
And now for the winner of the FX Live! Scholarship Contest…
Congratulations Kurt Meyer! Kurt gave as a really great answer that uncovered the sometimes hard-to-swallow truth about trading forex. It’s our hope that he’ll take this FX Scholarship! and start seeing some genuine success in his trading career. Here’s a repost of the winning answer:
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“1. My biggest obstacle is Me, Myself and I!
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I’ve been day trading Forex for 2 years now with limited success. Even after studying trading discipline and working on applying it, when the trades are on, I still do all the things you talk about… hesitating getting in – especially after a losing trade, not taking some of my trades, taking trades that don’t follow my rules, and here is my big one – getting out of trades before my rules tell me to. The ones I get out of early, seem to always go in my favor afterwards, costing me pips.
I know in my logical mind exactly what I’m supposed to do, but when I’m in trades I do things automatically (without thinking), and then after the fact wonder why I did them. I do things I know I’m not supposed to, even after people like you tell me I’m going to do these things and I’m watching out for them!
To me, psychology is the hardest part of trading. I’ve gradually gotten better by journaling and evaluating every trade, but I’m far from where I want to be.
2. I’m drawn to Forex trading for several reasons. My goal is to make a full time living from trading eventually, so I have freedom and security. I have no delusions of getting rich quick, but over a period of years would like to be able to earn a substantial income. I’ve always liked the idea of compounding money and Forex is a perfect vehicle for that.
I also love the competition of pitting myself against the smartest trading minds and being able to come out ahead.
From reviewing your website, your system looks fantastic and I would be honored to get a chance to use it. It appears to fit my trading style and what you talk about on the videos makes perfect sense to me.
Thank you for generously sharing your trading knowledge.”
Kurt Meyer
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Thanks again to everyone who entered!