I think the biggest problem most new traders have is the fact that they have to sift through all the misinformation that is being sent through the online community. They have to figure out what is it that they should be listening to, and what they should avoid.
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.
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.
It still astounds me how traders can't see through this mirage. If these shortcuts are supposed to make trading SO simple, then why is it that so many people out there are losing 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. - 16928
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.
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.
It still astounds me how traders can't see through this mirage. If these shortcuts are supposed to make trading SO simple, then why is it that so many people out there are losing 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. - 16928
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