Forex Trading - trials and tribulations

I've been a bit down about our trading over the last week or so. We're down a bit over 10% of our account and I can't help thinking we're doing something wrong. However, I would say it's a common problem in the beginning and it's really hard not to be emotional about it.

The emotion comes naturally I guess, when something's new and you don't know if what's happening is normal. It's the same in network marketing - Artemis Limpert who is a very successful network marketer and trainer, talks about educating your expectations which means learning what's normal so that you know what to expect - so that you know that it's not just you and that you're not deficient in some way or uniquely defective.

That's the way we feel though in this sort of situation. Like we're the only ones that can't succeed at this and that it must be just 'me'. This is the point where a lot of people give up (I'm not only talking about trading here in case you've not realised - it goes for lots of things).

This is the point where many people will say 'oh, I tried that, but it didn't work' or 'that's a scam/mugs game' or whatever, because they didn't succeed. The thing that I've learned with all these things tho is that the only way to fail, is to give up. If I persevere and decide that I'm going to master this, then I will succeed or die trying!

I just spent an hour listening to a live webinar by the CEO of our forex trading company, and he talked again about how it took him 12 months to figure this out - to actually start making money consistently. He also spoke about another of the trainers, and she was the same. It took her a year to get it sussed, and now she supports her family on a six figure income from currency trading from home.

If they can learn this, I can learn this. I do however, need make more of a commitment, to put more time into watching the videos, spending time in the trading room and attending the live lessons so that I can learn more and ask questions at the time when they come up.The more time I spend, the faster I'll learn what I need to know!