The good news about forex trading is that there is dome good information out there to help traders. The bad news is that their is probably 100 times the amount of bad information. The difficulty is distinguishing between the two.
This is just some of the misinformation that you hear about when you visit forex forums.
For starters, you don't need the greatest charting platform to make money trading forex. As a matter of fact all you will ever need from your charting platform is a strong data feed. All the rest of the stuff it has, is just filler.
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.
All these shortcuts don't amount to anything. People are selling them left and right, but nobody is having any success. The truth is you have to learn to trade if you plan on making pips.
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.
Noting screams scam more than these forex trading robots. For those that are unaware, these are automated trading robots that will trade for you on autopilot. I know it may sound convenient, but how realistic is it? Well, if you went by how many people lost money on them, you'd know that it's pretty unrealistic.
Finally, think less is more. It may be a very simple concept, but it's never steered me wrong. If you think the answer to making money trading forex involves adding more and more indicators, then I am afraid you are very incorrect. I can safely say that the less indicators that you have on your charts, the better off you are going to be. - 15790
This is just some of the misinformation that you hear about when you visit forex forums.
For starters, you don't need the greatest charting platform to make money trading forex. As a matter of fact all you will ever need from your charting platform is a strong data feed. All the rest of the stuff it has, is just filler.
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.
All these shortcuts don't amount to anything. People are selling them left and right, but nobody is having any success. The truth is you have to learn to trade if you plan on making pips.
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.
Noting screams scam more than these forex trading robots. For those that are unaware, these are automated trading robots that will trade for you on autopilot. I know it may sound convenient, but how realistic is it? Well, if you went by how many people lost money on them, you'd know that it's pretty unrealistic.
Finally, think less is more. It may be a very simple concept, but it's never steered me wrong. If you think the answer to making money trading forex involves adding more and more indicators, then I am afraid you are very incorrect. I can safely say that the less indicators that you have on your charts, the better off you are going to be. - 15790