What You Should Know About Forex Currency Trading
Avoid the hassle, the traffic, and the grind of a routine 8 hour per day job, and instead, work from the comfort of home. That sounds almost irresistible, and explains why forex trading appeals to so many people.
It's sure explains why I began trading forex. My career was terrible, going nowhere. I wanted to join the folks I heard about on the Web, the ones who were having such wild successes with forex trading. Who wouldn't?
Most of these people trading forex quite often are like empty vessels making a lot of noise. Only a few are successful and one should be aware of the fact that he may not become one of those handfuls.
During just a cursory look at forex, you'll hear amazing percentages being tossed around, like "95% of forex traders are losing money, not making it." 95%. So is forex currency trading so complicated, so demanding, that an ordinary person can't do it? Not at all.
It's just that lots of people plunge in without a thought. They treat forex like a game of chance in a casino, a gamble that they hope they'll be lucky enough to win. Figure out where a currency is going, and hope. That's a losing strategy.
Forex isn't "playing", a word often erroneously used by traders to describe their activities. I'm playing with a hundred grand, they'll say. Is it any wonder they're not successful? Their frivolous attitude, the way they approach their trades, is not conducive to success.
People love a short cut and easy ways to make money. Wouldn't it be great to have one of these charting packages that do the thinking for you and the software does all the work, telling you when to buy and sell? Unfortunately reality isn't that easy.
But of course if it were that simple, 95% of forex traders wouldn't be losing money. - 23211
It's sure explains why I began trading forex. My career was terrible, going nowhere. I wanted to join the folks I heard about on the Web, the ones who were having such wild successes with forex trading. Who wouldn't?
Most of these people trading forex quite often are like empty vessels making a lot of noise. Only a few are successful and one should be aware of the fact that he may not become one of those handfuls.
During just a cursory look at forex, you'll hear amazing percentages being tossed around, like "95% of forex traders are losing money, not making it." 95%. So is forex currency trading so complicated, so demanding, that an ordinary person can't do it? Not at all.
It's just that lots of people plunge in without a thought. They treat forex like a game of chance in a casino, a gamble that they hope they'll be lucky enough to win. Figure out where a currency is going, and hope. That's a losing strategy.
Forex isn't "playing", a word often erroneously used by traders to describe their activities. I'm playing with a hundred grand, they'll say. Is it any wonder they're not successful? Their frivolous attitude, the way they approach their trades, is not conducive to success.
People love a short cut and easy ways to make money. Wouldn't it be great to have one of these charting packages that do the thinking for you and the software does all the work, telling you when to buy and sell? Unfortunately reality isn't that easy.
But of course if it were that simple, 95% of forex traders wouldn't be losing money. - 23211
About the Author:
To find out more about learn forex, you can take a look at this website about forex trading tutorials.
posted by X - Men @ 12:29 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home