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.
Here are just some of the many overblown forex trading myths that you hear about so much from traders.
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.
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.
On the best tips I can give you is to use a less is more trading style. What this means is don't fall for every gimmick that you see, and for goodness sakes don't stack a bunch of indicators on your charts, and expect to make s profit from this. Remember that the less interference you have, the clearer you will be able to see and trade the market.
Here are just some of the many overblown forex trading myths that you hear about so much from traders.
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.
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.
On the best tips I can give you is to use a less is more trading style. What this means is don't fall for every gimmick that you see, and for goodness sakes don't stack a bunch of indicators on your charts, and expect to make s profit from this. Remember that the less interference you have, the clearer you will be able to see and trade the market.
