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.
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.
Make sure to remember this bit of advice when you see an infomercial for the latest “bell and whistle” platform being sold for thousands of dollars.
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.
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.
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.
