25/02/ · The truth is: (most of) blog sites, forums, websites, and the media directly or indirectly make traders misunderstand the risks and possible profits in trading foreign exchange. Basically, they direct you to the “abattoir”, the foreign exchange market. Markets and brokers don’t care if you are at a loss 03/07/ · The truth about forex trading is that it will not make you rich overnight. The only way to succeed in forex trading is through practice, consistency, and patience. Myth blogger.comted Reading Time: 4 mins 19/08/ · The biggest truth about Forex trading is that you don’t need superior software or multiple trading screen setups to be a prosperous trader. This is something that Estimated Reading Time: 6 mins
The Ugly Truth About Forex Trading Experiences - How To Trade Blog
Tiếng Việt Português. What you are about to read below may surprise you. And it is probably not what you want to hear about trading experiences on the Forex market. It can make the experienced masters and the media angry because it is based on uncensored facts about the foreign exchange industry.
All of this you need to know before making any more transactions. Basically, this industry wants you to trade without thorough preparation, or without a clear sense of what you are doing.
This is exactly what the industry wants you to dolike a fat pig waiting to get slaughtered. This article is for you if you are looking to learn about the how true is forex trading market, or starting to try trading with your real account. Please read it. This industry does everything it can to get you focused on its glamor and its best aspects. The truth is: most of blog sites, forums, websites, and the media directly or indirectly make traders misunderstand the risks and possible profits in trading foreign exchange.
And if you make a good profit, they will notice you. They will note you down in a list of tracking accounts and do shady things that some tricky platforms do. When you trade with your forex broker, they always earn brokerage fees whether you win or lose, how true is forex trading.
This industry is full of brokers who always want and influence you to trade as much as possible. They do not need to know and do not care whether you have learned the basics or not, have had any Forex knowledge or trading experiences. If you intend to or are trading with a real account without the most complete knowledge as possible, then stop immediately.
You are groping on a minefield without knowing where the mines are hidden. Stop it. You should not spend money on robots advertised that will help you earn several thousand dollars a month without doing anything. You need to learn to understand the market, read the candle signals, etc. Trade yourself, and learn from both successes and failures.
Do not trade imitating others. Do not trade with robots. If you are having great hopes and expectations for forex trading, I will not be the one telling you not to dream anymore. I am the one who pulls you out to stand in reality. They show you a series of photos of real trading accounts with daydreaming results. Be careful, they can easily be edited or created with the Photoshop software.
This is also the reason I will never show my account with you. I believe that through what you read in this blog, you can evaluate my trading ability. Up to here, I remember the foreign exchange course of Jimmy Wang organized by Babylon when I first learned about the foreign exchange market years ago. It has always been full of pictures of supercars and villas.
And I heard a lot of complaints on some of the forums about this training course. All they want and try to do is to bring you a false and dreamy look. Overconfidence is one of the big problems that newcomers get into, especially after how true is forex trading become very successful with a demo account, how true is forex trading. Many times, I heard from you guys that in just a moment, your account lost half of the money or even burned out.
Most newbies do not use a stop-loss. Even if you place a volume of 0. Foreign exchange trading how true is forex trading a form of short-term investment which is much shorter than securities trading. And more specifically, stop-loss is something you must have in order to survive.
Never execute an order without a stop-loss. It is very likely to happen once your order is placed on the market and you are immediately setting up a stop-loss. With those few seconds, your account is dead, how true is forex trading. Do not be overconfident if you are having several consecutive winning orders. You will return all the profits to the market soon. If you are new or your transaction time is not long enough, never go subjective.
Trade with a small account and determine your initial goal. It is not about making a lot of money, how true is forex trading, but simply not burning out your Forex account and learning experiences to observe the market movements. I, and many people I know, know that in order to make real money on the Forex market, it takes years to have experiences and fairly understand what is going on in the market and trade properly.
I feel that it will be more fortunate for you if right from the start, you encounter losses or even burn out a few accounts. Success and making a lot of money as soon as entering this harsh market can become a disaster.
A lot of people think that because they have experiences of succeeding in a certain field, they can do the same thing when trading in the forex market. My friends how true is forex trading some people I know are very successful people in fields how true is forex trading as real estate, phones, restaurants, how true is forex trading, etc. But they all lost a lot of money with forex and stock. This thought is definitely a mistake.
Trading, like any other field, takes a long time, effort, and money, etc. You, who are reading these words, could be an experienced longtime trader 2 to 5 years or more. However, you may be still struggling with losses and disappointment. A person with a huge ego and an arrogant personality will not be successful with forex trading.
You are never wiser than the market. And the market is always right. Trading is the activity that you conduct while correcting and learning. Study, study more, study forever. You will have to learn for the rest of your life because you are able to trade up until you enter the afterlife. Pay attention to the mistakes you make repeatedly. Write them down on sticky notes and stick them onto the screen in front of you, how true is forex trading.
You need to identify them correctly, and gradually change them to get rid of them. And I strongly recommend that you reconsider if 4 or 5 years have passed and you are still in constant how true is forex trading with the forex market. Stop and put money, time, and mind into other work.
You will only be disappointed. You know that there are a lot of people who make a lot of money with forex. And maybe you do not notice but I know, how true is forex trading. If you are not aware of what you are doing or do not have a reasonable method without capital management skills, then you must be on the endless list of losers.
Be careful, I know you still want to find methods or ways to win, and even win most leisurely such as buying robots. I assure you that there is not any system or method that will get you rich overnight quickly with forex. Nor will any robot make money for you in the long run without you having to do anything but install it on your computer.
My trading path and method are based on simplicity and logic as well as the ability to read charts correctly. Because if you are like that, you will never succeed. I trade with the price action strategy. I use the almost original chart with only Japanese candles, without a bunch of messy indicators, how true is forex trading, no A-lines or B-lines, or what-looks-great, etc.
And this blog is where I will share everything I know and my Forex trading experiences with you. Thank you for taking the time to read these articles. Save my name, email, and website in this browser for the next time I comment.
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Exposing the Truth about Forex Trading!
, time: 7:20Forex Trading Truth or Lie? Uncovering the Truths of FX Trading
Statistics show that most aspiring forex traders fail, and some even lose large amounts of money. Leverage is a double-edged sword, as it can lead to outsized profits but also substantial losses 27/06/ · How true is Forex trading? To explained simple, Forex trading is the selling and buying of currencies based on market activity. Traders on Forex market speculate on whether the exchange rate will go down or up and just like others forms of speculation, traders want to buy a currency at a price and sell the currency at a higher price in order to make profit from the blogger.comted Reading Time: 5 mins 19/08/ · The biggest truth about Forex trading is that you don’t need superior software or multiple trading screen setups to be a prosperous trader. This is something that Estimated Reading Time: 6 mins
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