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.
Believe it or not, it doesn't matter what charting platform you use. I know many people make a big deal about this, but its completely overblown. The most important thing that you'll need is a reliable data feed. All the other stuff you can just throw out.
Try to remember this when you are drolling at some thousand dollar charting platform that is supposed to reinvent the wheel. Focus! You don't need this.
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.
Think about how fake these shortcuts sound. They make it so all the work is done for you, and you can become rich without even lifting a finger. Does that sound realistic to you?
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.
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. - 16955
This is just some of the misinformation that you hear about when you visit forex forums.
Believe it or not, it doesn't matter what charting platform you use. I know many people make a big deal about this, but its completely overblown. The most important thing that you'll need is a reliable data feed. All the other stuff you can just throw out.
Try to remember this when you are drolling at some thousand dollar charting platform that is supposed to reinvent the wheel. Focus! You don't need this.
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.
Think about how fake these shortcuts sound. They make it so all the work is done for you, and you can become rich without even lifting a finger. Does that sound realistic to you?
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.
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. - 16955
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