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What's involved in learning to trade forex

Posted by klikgue.com | 11:09 AM | 0 comments »

By Jim Buhs


If you want an honest forex trading education, you've got to stop whatever it is you're doing, if you are struggling. Learning is not as complicated as people make it out to be.

It must be hard believing that when you surf around the internet. It seem like no matter where you go, there are people desperately trying to find the holy grail. They think that there is a system that will always give you a winning trade.

You need to stop scouring every thread that is on a forex forum. I know you're looking for the perfect indicator, but it's not going to be there.

This is why 95% of forex traders lose money. It's the attraction to trading with shortcuts and not spending any time actually learning the market. You're only hurting yourself when you do that.

Stop trading like everybody else. If 95% of traders are doing horribly,why would you follow that crowd. You have to ask yourself do I want to keep making the same errors everybody else is doing, or doing I want to stick out from the crowd and think for myself? The answer should be pretty obvious.

Whenever you put in one of these indicators that you find in any forex forum, you need to ask yourself, does this help me better understand the market? Does it give me a deeper comprehension as to why market price moves the way it does or is it something that is just taking up space?

Chances are the majority of indicators that you come across will only serve the purpose of clutter. Think less is more.

If you want to help your trading try looking at chart naked. The chart, not you. I mean absolutely, no indicators, expert advisors, shortcuts or anything else you can find in a forex forum. Just try to follow the chart and it will become obvious when trades should be opened and closed.

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