If you're planning to enter the exciting world of foreign exchange, you need to know some basic elements of foreign exchange trading and closed are essential for any novice trader, be aware of them or lose ...
Here are 10 facts and not in order of importance - not all important!
1. Forex Trading is not easy
The fact that they have to be aware that is 95% of traders lose and gain what you need to get the right forex education and have confidence in what we're doing, have the discipline to implement its plan for success long term. That is not easy, that's why 95% of traders lose. The good news is ...
2. Anyone can learn to trade
While most traders are too lazy to get the right education Forex, is a proven fact that anyone can learn to trade. This was dramatically demonstrated by the trader Richard Dennis, who taught a group of businessmen from all sectors of life to trade in 14 days and happened to make 100 million in just 4 years! Ok, you can not do as much as this group - but the opportunity is there for everyone to succeed.
3. Forex Care Experts and Robots
They make me laugh - but many traders think that is going to get rich $ 100, unfortunately life is not so simple. All these systems come with a lot of hype and a history paper that does not help you win in real time - Avoid them or lose!
4. You do not need to work hard to win
While trade in Forex is not easy, you do need to work hard, you need to work smart and learn Forex the right way. Take the example you gave of traders conducted by Richard Dennis, who learned to trade in just 2 weeks!
5. There is no need to be smart or clever
The best traders are not nerds or mathematicians, the group's most successful traders are the card of former players and some of them are multi-millionaires. Of course I do not know much about math - but they know about the odds, taking losses and gains in performance and that is why we win. Nothing clever, nothing flash just the game of chance for big gains and losses from maintaining small.
6. Keep it simple
As you can gather from the above, the simple systems work best, as Forex is a game of probabilities. No complicated mathematical function as the markets do not move to certainty, which is why the simple systems based on the odds are better for it - keep it simple and win.
7. Prices can not be predicted
Many people tell you you need to predict to win - but that is rubbish! Try it and their predictions are just as accurate as your horoscope. The way to win is wait and trade in the reality of price variation on a graph of foreign exchange. Trade of the truth, not opinions.
8. Day trading and speculation is not working
There are many who will tell you yes - but no! The time is short. If you see a day trading career, look back and see the proof in retrospect. Forex leather or day trading is a game of cups to go through.
9. Money Management is the key
This is the ability to keep the losses under control and this is really the key to make big profits. Many traders never think about it - but over a lever and leave the poor, or non-stop placement, causes more accounts to be eliminated, as any other reason.
10. You need discipline to implement its plan
To win in Forex trading, the hardest part is having the mental discipline to execute their plan and move forward as markets give you losses.
If you deviate from your system that has no system at all.
Mental discipline is based on trust and knowledge freely and is the major difference between winners and losers.
You can do it!
Therefore, the real message of this article is that it can win, but you have to put in the effort, do it on their own and ignore the myths and experts and those who say it's easy.
While it is not easy to win, if the Forex trading approach with the right attitude and get the right education, there is no other investment that can offer the opportunity to the ears of a large income as foreign exchange trading.
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