I think the biggest problem most new traders have is the fact that they have to sift through all the misinformation that is being sent through the online community. They have to figure out what is it that they should be listening to, and what they should avoid.
This is just some of the misinformation that you hear about when you visit forex forums.
Believe it or not, it doesn't matter what charting platform you use. I know many people make a big deal about this, but its completely overblown. The most important thing that you'll need is a reliable data feed. All the other stuff you can just throw out.
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.
All these shortcuts don't amount to anything. People are selling them left and right, but nobody is having any success. The truth is you have to learn to trade if you plan on making pips.
Just think about how fishy all these shortcuts sound? Its supposed to make pips for you while you are asleep? You just know that can't be right. If it was that easy everybody would be making 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.
This is just some of the misinformation that you hear about when you visit forex forums.
Believe it or not, it doesn't matter what charting platform you use. I know many people make a big deal about this, but its completely overblown. The most important thing that you'll need is a reliable data feed. All the other stuff you can just throw out.
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.
All these shortcuts don't amount to anything. People are selling them left and right, but nobody is having any success. The truth is you have to learn to trade if you plan on making pips.
Just think about how fishy all these shortcuts sound? Its supposed to make pips for you while you are asleep? You just know that can't be right. If it was that easy everybody would be making 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.
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