their money and only 5% win. This may seem an odd fact when anyone has
the potential to learn forex trading.
The answer is most traders simply learn the wrong forex education and
this article will give 4 tips to get the right education and win.
Firstly the growth of the internet has led to a lot more information
becoming available to forex traders and some of it is very good - but
most of it is junk and will simply ensure you lose and this leads us
to our first tip.
1. Be wary of vendors selling education on the net
Most of them make me laugh for $100 or so I can get a system to make
me regular profits every day, trade with 80% accuracy or even make me
a millionaire - all for a few hundred dollars!
Don't buy them - they won't help your forex education.
There simply marketing guys not traders - if they were, they would
shut up and trade for themselves, if making money was as easy as they
say they wouldn't need me or you.
2. Don't learn the wrong Knowledge!
There are many myths that have been perpetrated on the net mostly by
vendors and let's start with the biggest one - forex day trading
works.
No it doesn't, day traders don't make money - period
All short term volatility is random, so it can't - that's why you
never see a day trader with a real time track record of profits.
Scientific theories are a great way to make money, another stupid
myth.
If markets moved to scientific theory, we would all know the price in
advance and there would be no market, yet new traders still learn junk
theories like Elliot wave and Fibonacci numbers, lose and wonder why.
3. Get Knowledge from the real pro's
You can do this simply by going to Amazon.com and you can get some
really good forex education from traders who have walked the walk,
rather than simply talk the talk.
For about $100 or so you can get some great advice (see our top 10
books for traders) and get them. They will inspire you and give you a
good solid grounding in what it takes to be a successful forex trader.
This is an investment in your forex education that is well worth the
money.
4. Work Smart Not Hard
Forex education involves working smart not hard and learning the right
knowledge.
If you want to learn forex trading ALL that you need to build a
successful system is available free on the net.
See our other articles, there is some great information on technical
analysis, formations and indicators and it's all free.
You don't get rewarded for the effort you put into forex trading you
get your reward from being right with your forex signals - nothing
else. All you need to do is get the right info and you can become a
successful trader.
CONSIDER THIS FACT
In 1983 Legendary trader Richard Dennis to prove that traders could be
taught took 23 traders with no trading experience and taught them to
trade in 14 days.
These traders went on to make Dennis $100 million dollars! The story
is told in "The way of the turtle" and also Market Wizards - Get these
books and you will see that Dennis made them focus on the RIGHT
education to win with no filler.
Now you may not make as much money as the turtles but anyone can learn
to trade and learn to win if they focus on the right education - you
just need to find it digest it, apply it and hopefully this article
will have pointed you in the right direction - Good luck.
Doubles Real Monetary Deposits In Under 30 Days: http://ivyfxbot.url-site.com/
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