If you're still new to trading forex, then here is a bit of free forex trading education for you. If you start trading forex, you will probably fail. This isn't just me being negative, its an actual fact. The fact is 95 percent of forex traders end up crashing their accounts. How is that possible? Is trading forex really that hard? The sad thing is that "no, it's not that hard to trade forex." It is hard if you're just doing what the other 95 percent of people are doing.
You see, most people that get into forex trading do so, because they love the idea of being your own boss, working from home, making tons of money, irregardless of the economy. Who wouldn't like these things? After all that's why I decided to to trade forex. But the problem is (I learned this the hard way) that most don't want to take the time to truly learn the forex market.
Just think about this. What is the first thing a newbie trader does when they first start to learn to trade? They go on forex forums and read about using lagging indicators to trade. They instantly cover their charts with these indicators, and off they go. What kind of forex trading education is that? And, just like that, they are part of the 95%.
If trading was as easy as slapping some indicators on a chart, how come we're not all millionaires? Because nobody has the slightest clue what any of these indicators actually mean. We understand their rules and how to trade them, but as far as what they mean to the market, nobody knows.
The moment people realize that they don't need all this garbage, is the day when traders will realize that a person with $5000 in his account has as much chance of succeeding as the banks who have millions or billions of dollars at their disposal.
| Jim Buhs has been a successful forex trader after learning how to trade price action. He was able to have forex trading success after he cleaned his charts of indicators, and his profits soared. Click here to find out how what he used to trade price action. |
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