For whatever the reason, many people just do not take the time to learn forex trading. A lot of people treat it as a gamble. I say this because of the obvious fact that so many people are losing money when they trade forex. You'd think they would take it a little more seriously. But many people treat trading like the roulette wheel in Las Vegas. They are just praying that they pick the right side.
The other problem that people have is that they would much rather just have a "system" that would just do all the work for them, instead of using their own intelligence to trade the market. I know that this is true because of the simple fact that there are so many of these "shortcuts" available to traders.
Think about all the forex robots that you find on forums, or being sold to people online. For those that don't know what forex robots are, they are basically these automated trading systems that trade for you,, while you are away. I kid you not. That is just an example of how many traders just do not want anything to do with the market. They would just prefer to roll the dice and let a machine make pips for them. I suppose if it worked. it wouldn't bother me, but 99% of them are just garbage.
Also, the way traders pay hundreds, if not thousands of dollars on needless software. Giants like TradeStation and E-Signal, make a fortune supplying traders with things that they don't need.
Once a trader realizes that its not the equipment or the tools that make money on the market, its the trader, they will be much more successful.
John Templeton has been a successful forex trader after getting the proper forex trading education. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. |
1 comment:
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