Years ago, I came into the currencies market excited about the prospect of great wealth. I traded a little, and it was apparent I was not ready, my emotions helped this be the case. During that time I backed off from live trading, switched onto a demo and studied like mad (BabyPips Thankyou).
While I was doing this I posted a thread which it seems is now quite busy, asking for anyone who knew of a good Managed Account I could pool my money into. Its been 3 years since that post and going through it now, 95% of these accounts are now gone. I guess this is more of a warning if anything that to truly succeed in general you need to nail the art or... don't follow scalpers.. EA.. gridders.. martingale etc. Seriously that stuff is cancer.
After all this I was made redundant and did not want to go live as money was scarce. What happened after that was quite interesting, I decided at 2am one night after playing a game of Dayz (Amazing :) that I wanted to get into this industry and to be honest had no idea how. I ended up writing a letter and went through all the brokerages in Sydney that were listed on myfxbook, one company got back to me buut that was enough.. I had to send a video in which was quite odd at-least to me coming from a Engineering background never the less I got the job... And stayed for one day... Cold calling was not my thing. (I have to thank Nick and the community over at ForexSignals, they were the first people I showed the cringe worthy video to and got positive feedback which was nice).
Now I have a mortgage and back in Engineering field which somewhat frustrates me but it is what it is. I trade for myself now even on a somewhat small account it keeps me busy, using the principle KISS, no indicators maybe a little Fib if the levels don't seem so apparent.
If anything I want new traders to beware, I did not invest any money into these managed accounts but I'm sure a lot have. Take time to learn how to trade and what to look for, just like anything in the long term you will see the results.