We just passed a guideline that I am sure you will be interesting for those who want to learn more about currency trading in any market who are entitled to it (forex trade, currency futures, ETFs etc …)
We hope that this guide will share, easier at least in outline, which represents the market of forex trading. The first steps in forex trading.If you consider yourself a restless person and you are interested at least the fundamentals that govern foreign exchange trading and even you have thought at some point, begin to operate through financial markets, say that it is possible to get that degree of specialization, for which obviously we must always be on our side (in addition to the experience, of course).
The problem you’re likely to find, in deepening the concepts of currency trading is that in the search for knowledge, is likely to come to totally erroneous conclusions and consequently carry you away to another target of which you were marked in the beginning when planetary be a currency trader .
Perhaps part of the blame, promising to have these ads, or certain electronic books where we are inculcated certain types of promises or a bad start technical preparation of a bad race.
The problem today is the excessive information on the currency markets and poor quality.
If you take some time in the financial markets, perhaps you realize that a lot of the press, whether paper or electronic books, abuse of terms that are no more than a “collage” difficult to understand and often has very little quality.
Furthermore, this type of information to be handled in the various trading books or investments when making currency trading, are often so complex that even the authors themselves are able to apply themselves to their methods or systems investment.
Eventually, you’ll end up knowing that behind this world of currency trading another where thousands of investors who have not fulfilled their dreams as investors and hides traders try to offset their profits through selling methods objectionable.
The fake gurus in the financial markets and their proliferation through Internet
The relatively easy access to foreign exchange, makes every day new dupes or clueless caught in the nets of false gurus trading under dazzling brand names.
These types of trading gurus will try at all costs to offer all kinds of services and financial counseling in exchange for a reasonable sum of money. We’re not against paying for training, it is that we are against that there are people profiting at the expense of others without making a clear contribution to a system or investment strategy that helps everyone to go their own way.
It is by this that we also wanted to make a short stop on the way to also warn you of such “characters” that abound in the network.
Currency trading is not easy at all
Dude, wake up, we have to say that trade in the Forex market is not easy, as you painted it guru turn.
Of course, you could achieve some consistency in the markets and get to become a good forex trader with some dedication, effort and of course discipline.
The reality is this, it is still another hard work and should be treated with the same amount of seriousness as you would any other career. Yes, currency trading requires certain qualities that not everyone gathers and that is why, so just throwing in the towel.
The effect of all these gurus, we discussed above, it is that many forex traders start too optimistic, unrealistic setting short-term goals. While there is nothing wrong with a positive mental attitude, but this positivity must be built on solid foundations and realistic expectations.
New forex traders typically begin their career by buying a set of indicators of secrecy and are quickly punished for his naivete. Many of these forex traders then buy a different set of indicators secret until then become disillusioned and quit trading.
In fact, many forex traders who are now successful passed through this learning process. This is only a problem if you refuse to learn from their mistakes. We must break this cycle of dependency on technical indicators that both encourage us to use, and of course dispose of these secret methods that turn guru tells us to succeed in trading. You can to build your way, echo on the following principles:
Learn to think for yourself and understand that although anyone can trade Forex, to be successful, you must learn the rules governing the markets.