Forex Day Trading - The Best Way To Lose Your Money In Forex
Sunday, February 24th, 2008As an experienced trader I find all the day trading courses and their ridiculous claims amusing – none of them make money, but many forex traders take them seriously, trade them and lose. So why can’t you win at day trading? The answer is:
Volatility is Random In Short Time Periods
Its random therefore daily support and resistance levels and any other technical tools you use are useless.
This should be pretty obvious to anyone you have countless millions of people trading trillions of dollars each day and to say you can measure this mass of opinions in under a day is laughable.
Forex Trading Tip - Use This Simple Rule And Watch Your Profits Soar
Saturday, February 23rd, 2008This is a very simple tip but if you use it you could see your profits increase dramatically and it takes into account a major error that a huge amount of forex traders make. Lets take a look at and why it will make your profits soar.
The trading tip is learn the 80 / 20 rule.
If you don’t know what the 80 / 20 rule is it simply states that 80% of profits come from 20% of your efforts and it applies in many areas of business and finance and is very applicable to Forex trading.
Learn Forex Trading Online - Getting The Right Education For Success Part 1
Tuesday, February 5th, 2008If you want to learn forex trading online you can get all the information you want for free. What you need to do though is get the right education. Here are your tips for getting the best education.
There is a lot of forex education online but most of it wont help you win, it will simply ensure you lose, as its promoted by vendors who are selling junk products that will never work.
They will tell you they have found easy ways for you to make money but the reality is:
Forex Trading is not easy!