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mohsinqureshii

Forex Trading is Not Rocket Science!!!!!!

By mohsinqureshii, in Forex

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mohsinqureshii    10

mohsinqureshii
Posted

There are some facts that you simply must accept to have a fair chance to be successful at Forex trading. Let's have a look at what these facts are and if you can succeed in the worlds most exciting investment environment.

 

Trading Markets are not scientific:

 

The thought of approaching Forex trading by applying science is appealing. However, Scientific theories do not and never will work, because humans determine the market prices, and doing so, they don't consider scientific criteria.

 

Most people would prefer to be able to make money without risking anything. Many vendors try to gain from this fact, offering trading systems which are described as a possibility to trade with low risk and make a regular income. The fact you must accept is that if the reward is big, the risk will be mirrored.pure and simple, risk and reward walks hand in hand. If you can't accept taking risks, you should look for another small business idea.

 

So far it has been kind of negative, lets have a look at the bright side

 

To be successful at forex trading will not require hard work! Work smart not hard is a perfect expression here. meaning that you don't need to learn just for the sake of learning.

You'll only need to learn one system/strategy.it wont take long to learn because simple straight forward systems work best. A simple system in forex trading will outperform a complicated system, short term and long term. Why is that a indisputable fact?

Because it will always be easier to implement a simple system in a complexed market. A complexed system with a lot of parameter, makes it much harder to find the right trading opportunities. The most reliable currency trading systems all tend to be simple.

 

You can learn everything about currency trading

 

if that's a fact, why so many Forex traders lose? The answer is the lack of mental discipline.Currency trading is more about mindset rather than just a method.If you don't maintain discipline to follow your method, the method isn't there anymore. The best way to gain the necessary discipline is to develop your own method. You'll be confident in your trading because of full understanding of the method.

 

If you are able to accept and take calculated risks at the right time. Forex trading can be very profitable, due to the leverage at your disposal. Forex trading is not rocket science. It's a lot simpler than you may believe.

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4xkishore    10

4xkishore
Posted

If you say that trading is no rocket science, you must delve deeper in the mechanics of chart trading. It is 50% science and 50% arts.

 

Thanks for your posts that sucked me!

 

 

 

There are some facts that you simply must accept to have a fair chance to be successful at Forex trading. Let's have a look at what these facts are and if you can succeed in the worlds most exciting investment environment.

 

Trading Markets are not scientific:

 

The thought of approaching Forex trading by applying science is appealing. However, Scientific theories do not and never will work, because humans determine the market prices, and doing so, they don't consider scientific criteria.

 

Most people would prefer to be able to make money without risking anything. Many vendors try to gain from this fact, offering trading systems which are described as a possibility to trade with low risk and make a regular income. The fact you must accept is that if the reward is big, the risk will be mirrored.pure and simple, risk and reward walks hand in hand. If you can't accept taking risks, you should look for another small business idea.

 

So far it has been kind of negative, lets have a look at the bright side[/b][/b][/b]

 

To be successful at forex trading will not require hard work! Work smart not hard is a perfect expression here. meaning that you don't need to learn just for the sake of learning.

You'll only need to learn one system/strategy.it wont take long to learn because simple straight forward systems work best. A simple system in forex trading will outperform a complicated system, short term and long term. Why is that a indisputable fact?

Because it will always be easier to implement a simple system in a complexed market. A complexed system with a lot of parameter, makes it much harder to find the right trading opportunities. The most reliable currency trading systems all tend to be simple.

 

You can learn everything about currency trading

 

if that's a fact, why so many Forex traders lose? The answer is the lack of mental discipline.Currency trading is more about mindset rather than just a method.If you don't maintain discipline to follow your method, the method isn't there anymore. The best way to gain the necessary discipline is to develop your own method. You'll be confident in your trading because of full understanding of the method.

 

If you are able to accept and take calculated risks at the right time. Forex trading can be very profitable, due to the leverage at your disposal. Forex trading is not rocket science. It's a lot simpler than you may believe.

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