jeudi 15 janvier 2009

Why So Many People Lose Money Trading Forex

01:10 Posted by: Marokko Suche 0 comments

By Dars Brunwick

If you are new to trading forex, what you'll find out about it is that for every good tip you hear, there are about 100 misguided things being said about it all over the internet. This is why traders fail so much. Because they can't tell which is which.

This is just some of the misinformation that you hear about when you visit forex forums.

The emphasis on charting platforms are completely overblown. People think that the more expensive the charting platform, the better your trading is going to be. Honestly, all you will ever need is a decent data feed, and you are set.

Keep this in the back of your mind when the latest flashy charting software comes out. All the bells and whistles mean absolutely nothing, and I can prove it.

There are no shortcuts in trading. I know there are a ton of people selling shortcuts, but they simply just do not work. If you want to have success, you better learn how to trade.

Just think about how fishy all these shortcuts sound? Its supposed to make pips for you while you are asleep? You just know that can't be right. If it was that easy everybody would be making money.

If there was one thing that screamed SCAM over anything else, it would have to be forex robots. These robots have crashed more forex accounts than anything else. People blindly follow them because they have faith that its going to succeed, and when it doesn't all they are left with is a big donut on their account.

The best piece of advice I can give you is that less is more. I know this may not be of use to you right now, but if you follow it, there is no reason why you can't succeed. So if you are thinking about piling up one indicator after another on your charts, remember this piece of advise I just gave you and don't do it.

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