Getting A Currency Trading Education
On the subject of currency trading education, many newbie forex traders just don't know how to do this right. I say this because how else you could explain this statistic: 95% of currency traders will lose more money than make it, in their trading careers. Yet, they always seem to come back for more. This is strange because if there is something like this going on, how come there are so many new currency traders?
I can answer that question. It's really obvious. They just want to be part of the elite group of 5% of traders who are making a living doing something that they love. They are the traders the 95% look up to. The kind who don't have to answer to a boss and are able to make their own schedule. Even despite this, there are so many new traders who enter trading without taking it seriously. It's ludicrous because they are essentially risking the money that they work hard for, without getting a proper currency trading education.
This is proof as to why forex expert advisors are preyed upon by newbie traders.
If you are one of the few people who don't know what expert advisors are, they are essentially a software script which will trade the currency market for you. You put the script in a charting platform and it proceeds to trade the market automatically for you. This means something else is trading your money on autopilot.
This is the epitome of a useless trading tool.
Would you trust somebody else in a different profession if they let a piece of software or an inanimate machine do all the work for them. Would you like to go to a doctor or lawyer who did that?
Think about it like this. If it was really that simple to trade the currency markets, don't you think more people would be having success? After all don't you think most people would just pick the "best" forex expert advisor and soon they will become millionaires the next night, right? I hope you can tell I am being sarcastic.
Let's face facts. To make money in the currency trading markets, you are going to have to get you hands dirty and take the time to truly learn the nuances of the market, and for goodness sakes, stop wasting your time and money on useless tools. - 23221
I can answer that question. It's really obvious. They just want to be part of the elite group of 5% of traders who are making a living doing something that they love. They are the traders the 95% look up to. The kind who don't have to answer to a boss and are able to make their own schedule. Even despite this, there are so many new traders who enter trading without taking it seriously. It's ludicrous because they are essentially risking the money that they work hard for, without getting a proper currency trading education.
This is proof as to why forex expert advisors are preyed upon by newbie traders.
If you are one of the few people who don't know what expert advisors are, they are essentially a software script which will trade the currency market for you. You put the script in a charting platform and it proceeds to trade the market automatically for you. This means something else is trading your money on autopilot.
This is the epitome of a useless trading tool.
Would you trust somebody else in a different profession if they let a piece of software or an inanimate machine do all the work for them. Would you like to go to a doctor or lawyer who did that?
Think about it like this. If it was really that simple to trade the currency markets, don't you think more people would be having success? After all don't you think most people would just pick the "best" forex expert advisor and soon they will become millionaires the next night, right? I hope you can tell I am being sarcastic.
Let's face facts. To make money in the currency trading markets, you are going to have to get you hands dirty and take the time to truly learn the nuances of the market, and for goodness sakes, stop wasting your time and money on useless tools. - 23221
About the Author:
If you want to learn more about learn to trade currency, make sure to check out Trading In The Buff.
posted by X - Men @ 12:58 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home