The discrepancy between the have and have-nots of currency trading is truly amazing. I'm sure you all know the statistic that 95% of currency traders lose money. So basically, is 5% of public money Forex Trading to make money, and that the 5% know how many of the real money?
[b]Separates [/b]Why must it be so bad?
I am one of those people you never thought you success in forex trading, unless you can explain to someone who does not knowanything on the market, why did you open or close a trade, and that's where the problem lies. Most dealers can not really explain why an agreement.
Sure, you could say that I bought because the stochastic is below 20, which means that its on sale or have sold because the price MACD shows negative divergence. That's great, but what do these things with the market?
The successful traders are not dependent on these indicators to tell them whatthe market does. Rely on yourself for this.
For technical operators, begins with understanding the concept of price action. This is the ability to provide a basic chart price that has absolutely no indicators for the business.
The success of the technical operators understand that the market is like a foreign language. Sure, you can translate a set of indicators, the language, but does not feel that something is going lost in theTranslation? It 's always better if you learn the weather, the language itself.
What distinguishes the successful from the unsuccessful party in Forex Trading?
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