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5 Myths of Forex Trading [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What are the myths and truths about Forex trading?
Facts and Myths about Forex Trading: Top 5 Myths you Need to Know?:
1) Clever and Smart - this can't be further from the truth - I know good traders that aren't that smart. Often people who are too clever and too smart overthink things; they look for reasons for things to happen and they want to justify it. They are used to learning and learning when its really more about discretion and feel and making decisions
2) Focus on your Profits and Losses - this is one of the worst thing you can do. You need to trade based purely on strategy; on setups being methodical in your approach. If you're looking at your profits and losses you're never going to make it because you'll end up grabbing profits too early and let your fear rule your trading. The best traders focus on the process.
3) Quick Route - this is not a get quick rich scheme. People think that if you just find the right indicator that you can basically print money. Unfortunately this is a myth and profitability is a long process. Indicators and strategies don't work all the time and you will have to know when and when not to implement them.
4) Its Exciting. Forex Trading shouldn't be exciting. Trading should be pretty mundane; not the emotional roller coaster that some people think it is.
5) Once you're a great trader you can extract money out of the market whenever you want. There are traders out there that are exceptional and they know when they should trade and when they shouldn't.
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