Tuesday, December 29, 2009

Two Wrong Moves in Online Forex Trading


Ninety percent of online traders commit one common mistake and that is thinking that advisers, experts, and buying other’s system can make them successful. This mistake is also done by novice traders.

Consider this 2 reason why it is a wrong a move.

1. Why sell an advice

Think about this.

If a successful forex trader earns up to 10,000 a month and win 70% of trades, why would he bother getting hundreds in selling advice? Truth is those writers can’t make money from trading and just make it by selling their advice.

This statement is true for over ninety percent of advice sold on online forex trading. Given that not all of them are bad majority of them are, even if some of it works for others it will still present another problem.

2. Can you follow someone else’s discipline?

Confidence that the system will work for you is vital in trading, you will find it hard to follow a method and have the discipline to use it if it does not fit your personality.

Over the years we are influenced to gain opinions from someone else or seek advice from an expert on almost about everything, but in order to be a successful trader what you need is confidence, discipline and courage.

You need to learn a method that you’ll be confident to use it, even great traders did it and you’ll be surprise it is a lot easier than others think.

No one can bring you success it is just YOU – so make your research, develop your own personalized method, be confident and have discipline to use it, and be successful with your forex online trading.

No comments:

Post a Comment