Forex Trading Myths (and honest answers)

Forex Trading Myths (And Honest Answers)

Forex Trading Myths (And Honest Answers) submitted by ososru to Bitcoin4free [link] [comments]

Forex Trading Myths (And Honest Answers)

Forex Trading Myths (And Honest Answers) submitted by Rufflenator to 3bitcoins [link] [comments]

Forex Trading Myths You Should Avoid Believing In

Forex Trading Myths You Should Avoid Believing In submitted by buanaeas to ForextradingTips [link] [comments]

Learn to avoid the top Forex trading myths while trading!

The following blog has the collection of top forex trading myths one should avoid while trading Forex in Sri Lanka. Make a better mindset while trading Forex. Learn more here. https://tradinginsrilanka.blogspot.com/2018/12/top-forex-trading-myths-in-sri-lanka.html
submitted by thehandivan to forextopsites [link] [comments]

Forex Trading Myths and Misconceptions

The world of forex is swirling with myths and misconceptions. It doesn’t matter if you are an amateur or an experienced trader. These forex trading myths often affect how traders decide their transactions. It is very important to know these various myths and misconceptions. Having knowledge about these can help a trader minimize unnecessary risks, stress, and frustrations.
Forex trading is attractive to many traders. Numerous people trade in forex but many of them fail because of wrong judgments that lead to bad decisions. Hence, it is important to figure out why traders fail and make a backup plan that will help you succeed in trading forex.
Here are some common forex trading myths and misconceptions:
Instant Fortune With the help of the internet, the popularity of the forex trading has rapidly increased. Numerous forex retail markets emerged from extensive online advertisements. This, in turn, brought many people to think that forex trading can be a good tool in effortlessly acquiring cash. But in reality, this rarely happens. Forex trading is not a tool for the instant money. It requires patience and consistency. Keep in mind that Forex trading platforms are not gambling tools. It requires tremendous discipline, practice, experience, and knowledge.
More trades, More Cash People often believe in the saying “the more, the merrier”. This is another forex trading myth. For some situations, this may be true but it is not effective when it comes to trading. The main point here is that over-trading is bad for your account. Unless you are already an experienced trader. It is important to trade with fewer currency pairs. Stay focused and have fewer pairs to trade. This will result in more focus and attention that will give more profit in your trades. The key factor here is being patient. Do not be too excited in earning fast, it may cause a lot of trouble. Wait for the best opportunities and stay focused no matter how little a profit is. Allot a significant amount of time in preparing your strategies, contemplate your decisions.
Forex Market is Rigged Oftentimes, large and well-known institutions have theories about conspiracies and manipulations. The Forex market is not an exemption. When traders lose in the forex market, they blame the market. They complain that the forex market is manipulated. Their allegations are wrong. The Foreign Exchange market is, by far, the largest market in the world. Every day, thousands and thousands of transactions happen in the forex market. If a newcomer is just gambling and not treating his/her account like a business, it is more likely that those with much more experience will easily notice and take advantage of them. Resulting in unexpected losses.
Learn more about forex trading, read our featured articles, free eBooks, and videos.
Read More: https://blog.mlnfx.com/forex-trading-myths/
submitted by FinanceTrading to u/FinanceTrading [link] [comments]

Forex Trading Myths

Forex Trading Myths submitted by HowForexTradingWorks to Forex [link] [comments]

Quick Qestion

What are some Forex Trading myths?
submitted by aleix1 to Forex [link] [comments]

5 Misconceptions of Forex Trading You Should Aware

Getting caught in the brief whiffs of myths can be a dangerous thing while Forex trading. One of the scariest things as a Forex trader is not being able to differentiate genuine facts from common misconceptions. Forex trading, being the vast field that it is is bound to see people come up with their own assumptions and misguide traders. This mesh, once it catches you, will not be an easy one to get out of! Many traders have suffered losses because of the deceits that go around in Forex.
Here are 5 Forex trading myths busted:
1) Trade More To Earn More
2) Forex Trading Requires You To Be Rich
3) Only Big Strategies Win Trades
4) Currency
5) Use All The Indicators You Get
Get more detailed misconceptions in Forex trading here.
submitted by aryanamar to ForextradingTips [link] [comments]

These are the most popular #myths in the #Forex arena. It's deep-rooted in #traders' minds that no one believes that these are false. Are you one of those? Get enlightened here https://wetalktrade.com/9-common-misconceptions-about-forex-trading/

These are the most popular #myths in the #Forex arena. It's deep-rooted in #traders' minds that no one believes that these are false. Are you one of those? Get enlightened here https://wetalktrade.com/9-common-misconceptions-about-forex-trading/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Myths and Truths of Forex Trading

Myths and Truths of Forex Trading submitted by Koala_Confused to Learn_Forex_Trading [link] [comments]

The Myths And Truth About Forex Trading

The Myths And Truth About Forex Trading
Online GST Return First of all, what is a foreign exchange: the foreign exchange or foreign exchange market is the world's largest financial market, with a daily turnover of more than $1.5 trillion, trading currency. Unlike other financial markets, the foreign exchange market has no physical location, no exchange centre. Electronic network processing, companies and individuals trade one currency to another.
What is the myth? Many new foreign exchange market traders have an illusion about the whole system. They see that some people who make money through foreign exchange market transactions automatically admit that they can also easily make money. What they try to forget is to succeed. Trading and profiting from trading require strategy and research. If you are a new trader entering the Forex market system, don't be addicted to the popular investment myth. Make sure you know the correct expectations and reality when trading.
Online GST Return
When you trade and invest in any market, including foreign exchange, you must have the discipline to succeed. Although the system is huge and there are many things you can't get involved in, you have to protect your investment. There will be many changes in the day, so you must always pay attention to what is happening to protect your money as much as you can. You must always make logic and research decisions when trading. This is not used. The system of "getting rich quickly" is a serious financial system. If you are not careful, you will break your protection.
One thing you need to remember when trading and trying to protect your investment is that you have to take risks when you earn income. And taking big risks can lead to huge successes or losses. You must be prepared to face the worst. You can do this by training your own trading system and investment knowledge as much as possible. The more you know, the better you are prepared, the more likely you are to succeed. If you are uncertain about the trading system, like Forex, make sure Take the course and understand the system before you start trading. Only enter the transaction when you are definitely ready to start. Even after you learn the system knowledge you must know and become a skilled trader, there will be a loss. It usually doesn't protect your investment or your money. So be prepared and pay attention to it. Facing reality can really help you get more success.
Online GST Return
In Forex Trading currencies provide high leverage. High leverage has made short-term forex trading popular, but this is not the way it has to be, Those who use leverage are usually traders with many years of trading experience. Some people try to follow the myth, that anyone can simply use the leverage to get rich quickly. But this is not correct. You must be a trader with excellent system knowledge to be able to use leverage to maximize your strengths.
Online GST Return
Another thing to keep in mind is that because you use the minimum deposit transaction does not mean that you should trade above your level of funds. The myth that you can hear is not true. You should not over-enlarge yourself. By trading with small funds, you will be able to make a safe investment without causing huge losses. You will make some profit and lose some money, especially when you start trading.
If you are looking to pay Online GST Return then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.
submitted by advise24 to u/advise24 [link] [comments]

The Myths And Truth About Forex Trading

The Myths And Truth About Forex Trading
Online GST Return First of all, what is a foreign exchange: the foreign exchange or foreign exchange market is the world's largest financial market, with a daily turnover of more than $1.5 trillion, trading currency. Unlike other financial markets, the foreign exchange market has no physical location, no exchange centre. Electronic network processing, companies and individuals trade one currency to another.
What is the myth? Many new foreign exchange market traders have an illusion about the whole system. They see that some people who make money through foreign exchange market transactions automatically admit that they can also easily make money. What they try to forget is to succeed. Trading and profiting from trading require strategy and research. If you are a new trader entering the Forex market system, don't be addicted to the popular investment myth. Make sure you know the correct expectations and reality when trading.
Online GST Return
When you trade and invest in any market, including foreign exchange, you must have the discipline to succeed. Although the system is huge and there are many things you can't get involved in, you have to protect your investment. There will be many changes in the day, so you must always pay attention to what is happening to protect your money as much as you can. You must always make logic and research decisions when trading. This is not used. The system of "getting rich quickly" is a serious financial system. If you are not careful, you will break your protection.
One thing you need to remember when trading and trying to protect your investment is that you have to take risks when you earn income. And taking big risks can lead to huge successes or losses. You must be prepared to face the worst. You can do this by training your own trading system and investment knowledge as much as possible. The more you know, the better you are prepared, the more likely you are to succeed. If you are uncertain about the trading system, like Forex, make sure Take the course and understand the system before you start trading. Only enter the transaction when you are definitely ready to start. Even after you learn the system knowledge you must know and become a skilled trader, there will be a loss. It usually doesn't protect your investment or your money. So be prepared and pay attention to it. Facing reality can really help you get more success.
Online GST Return
In Forex Trading currencies provide high leverage. High leverage has made short-term forex trading popular, but this is not the way it has to be, Those who use leverage are usually traders with many years of trading experience. Some people try to follow the myth, that anyone can simply use the leverage to get rich quickly. But this is not correct. You must be a trader with excellent system knowledge to be able to use leverage to maximize your strengths.
Online GST Return
Another thing to keep in mind is that because you use the minimum deposit transaction does not mean that you should trade above your level of funds. The myth that you can hear is not true. You should not over-enlarge yourself. By trading with small funds, you will be able to make a safe investment without causing huge losses. You will make some profit and lose some money, especially when you start trading.
If you are looking to pay Online GST Return then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.
submitted by advise24 to u/advise24 [link] [comments]

The Myths And Truth About Forex Trading

The Myths And Truth About Forex Trading
Online GST Return First of all, what is a foreign exchange: the foreign exchange or foreign exchange market is the world's largest financial market, with a daily turnover of more than $1.5 trillion, trading currency. Unlike other financial markets, the foreign exchange market has no physical location, no exchange centre. Electronic network processing, companies and individuals trade one currency to another.
What is the myth? Many new foreign exchange market traders have an illusion about the whole system. They see that some people who make money through foreign exchange market transactions automatically admit that they can also easily make money. What they try to forget is to succeed. Trading and profiting from trading require strategy and research. If you are a new trader entering the Forex market system, don't be addicted to the popular investment myth. Make sure you know the correct expectations and reality when trading.
Online GST Return
When you trade and invest in any market, including foreign exchange, you must have the discipline to succeed. Although the system is huge and there are many things you can't get involved in, you have to protect your investment. There will be many changes in the day, so you must always pay attention to what is happening to protect your money as much as you can. You must always make logic and research decisions when trading. This is not used. The system of "getting rich quickly" is a serious financial system. If you are not careful, you will break your protection.
One thing you need to remember when trading and trying to protect your investment is that you have to take risks when you earn income. And taking big risks can lead to huge successes or losses. You must be prepared to face the worst. You can do this by training your own trading system and investment knowledge as much as possible. The more you know, the better you are prepared, the more likely you are to succeed. If you are uncertain about the trading system, like Forex, make sure Take the course and understand the system before you start trading. Only enter the transaction when you are definitely ready to start. Even after you learn the system knowledge you must know and become a skilled trader, there will be a loss. It usually doesn't protect your investment or your money. So be prepared and pay attention to it. Facing reality can really help you get more success.
Online GST Return
In Forex Trading currencies provide high leverage. High leverage has made short-term forex trading popular, but this is not the way it has to be, Those who use leverage are usually traders with many years of trading experience. Some people try to follow the myth, that anyone can simply use the leverage to get rich quickly. But this is not correct. You must be a trader with excellent system knowledge to be able to use leverage to maximize your strengths.
Online GST Return
Another thing to keep in mind is that because you use the minimum deposit transaction does not mean that you should trade above your level of funds. The myth that you can hear is not true. You should not over-enlarge yourself. By trading with small funds, you will be able to make a safe investment without causing huge losses. You will make some profit and lose some money, especially when you start trading.
If you are looking to pay Online GST Return then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.
submitted by advise24 to u/advise24 [link] [comments]

Proven Forex Trading Methods - The Myths and Facts

A huge number of Forex traders are experiencing Forex Millenium Review anxiety while watching their trades. This do not affect you in a good way. Or they do not trust in their abilities and pass on profitable trades losing the opportunity to make some money. But being too confident also leads to money loss. Emotions is a human weakness. Ignore your emotions while trading and trust only on the logical mind. It might seem a hard thing to do at the beginning. It will be easier as you gain more experience. Forex automation software can eliminate this weakness, but there is another thing to that affects your trades.

It's another important traders feature. You must understand how it works in order to succeed. A lot of newbie Forex traders fail because they do not have a basic understanding about how the Forex trading works. You need to understand the meaning of all the Forex indicators, because they are useless if you don't know how they reflect the market. However, it takes time to monitor all these indicators. In this case, the software also helps. It analyzes all the charts and graphs for you, eliminating all the hard manual labor. It also helps if you are newbie and do not have enough experience. But remember, you MUST have a basic knowledge in order to succeed.

Forex automation software can greatly improve your tradings. That's why it's important to choose the right Forex trading software. However, it's a hard and time consuming task. I had this problem, so I did a research. You can use my findings for your advantage:One of the first things newbie traders are trying to do is find the best Forex trading software on the internet. They are looking for software reviews on magazines, forums, chat rooms, etc. These searches are usually desperate: there are hundreds of different software with different features and each of them claim to be the best. So, the best way to identify the best program is to try a few most popular ones. That's what I did. But first, let's define what is a good Forex trading software.

Most of these companies that promise to give you the best Forex trading software, usually give worthless lagging indicators. Everyone claim it offer the latest and the greatest indicator on the market which tell you exactly when to buy or sell currencies, however, it doesn't seem to be truth. If every trader had such a reliable indicator, there won't be so many loses.

https://nomorescamreviews.com/forex-millennium-review/
submitted by adamssmith8754 to u/adamssmith8754 [link] [comments]

The notion that Forex trading is complicated is a very common myth. That misconception only shows correct for people who

The notion that Forex trading is complicated is a very common myth. That misconception only shows correct for people who submitted by VesterKaspersen59 to u/VesterKaspersen59 [link] [comments]

Remove the Myths of Mt4 Forex Trading From Mind

Remove the Myths of Mt4 Forex Trading From Mind submitted by triggerspl to u/triggerspl [link] [comments]

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
https://preview.redd.it/ihmphstzguv51.jpg?width=960&format=pjpg&auto=webp&s=81f6b73c367d8695605514f8d32aaf3e2aeabc6e
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
https://preview.redd.it/6dvk2w0pduv51.png?width=300&format=png&auto=webp&s=a3ab65ca4eab6d20174b3327b862d8b59dcc13b7
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

Trends Forex Free Download E-book

Trends Forex Free Download E-book
Hello
Currently there are many strategies and indicators that always promise great returns. But in the end they fail and the reality is very different.
What has worked for me is trading only trends in price. The noise that price, ranges and accumulations make I just ignore. I only trade trends.
I focus on the major pairs of the Forex Market. It really works because my strategy is based on 100% "Price Action" and not indicators.
I leave you an ebook that may interest you. "Understanding The Myths Of Market Trends And Patterns" Download free.
If you find the software interesting, I'll leave you the url so you can review it.
FXTrendy
Thank you and regards
Core Business JG

https://preview.redd.it/84tyd8s5wau51.png?width=980&format=png&auto=webp&s=7153949f7591ad5a951115748847f0512cd6cf76
submitted by CoreBusinessJG to u/CoreBusinessJG [link] [comments]

Education and training in trading are not needed: False - By Mickael Mosse

By Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.

Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG

Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.
FALSE
Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.

A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
submitted by williamsouza10 to u/williamsouza10 [link] [comments]

Education and training in trading are not needed: False - By Mickael Mosse

By: Mickael Mosse - Blockchain and Cryptocurrency Expert
Trading now is a common word in the financial field. But its meaning has myths and assumptions around it, viewing trading as an easy way to make money.
Mickael Mosse sees traders as professionals in the crypto world, and their practice as a great option to use cryptos.
📷
Trading is the opposite of investment because it aims to short-term goals following multiple market strategies enveloped by buy-and-hold timing. Its success as a financial profession depends on the ability to be profitable over time.
Now, traders can trade with assets like commodities or with cryptos; we will talk about the second one. Crypto trading could be:
Read more details of these crypto trading options here. What is cryptocurrency trading, and how does it work? by IG
Let’s demystify the next myth about crypto trading by Mickael Mosse’s explanations.
Education and training in trading are not needed; it is just a random thing.

FALSE

Begining to spend money without a formal education process in trading is a common way to lose your funds and blame the market.
There is a common belief that trading is a matter of luck. Still, the reality is that you must study theory to understand its bases and then go to practice in demo accounts before launch to the real market.
According to Mickael Mosse, it is essential to train your trading skills if you want a profit instead of losses, building a trading plan from the knowledge and not assumptions.
A key to start by Mickael Mosse: You could find education tools on broker websites; you can use them to begin theoretical training. A broker is an online platform intermediary between the trader and the market.
The market for trading with currencies is called Forex, the most liquid globally, with no centralized location. Instead, it is a digital network of financial agents such as banks, brokers, traders, and institutions.
SOURCE : https://entrepreneursbreak.com/education-and-training-in-trading-are-not-needed-false.html
_____ FOLLOW MICKAEL MOSSE ON SOCIAL NETWORK’s:
Twitter: https://twitter.com/MosseMickael
Medium: medium.com/@mickaelmosse
Facebook: https://www.facebook.com/mickael.mosse.39
Reddit: https://www.reddit.com/useAccurate-Gap-8536
Pinterest: https://www.pinterest.com/mickaelmosse1/
Youtube : https://youtube.com/channel/UC1QAiUoz-Il-P1lhmUEvvvg
Ted : https://www.ted.com/profiles/23747131
submitted by Accurate-Gap-8536 to u/Accurate-Gap-8536 [link] [comments]

What Percentage of Forex Traders Lose and Make Money (The 96% Myth Busted) | Forex Illustrated

fintech #trading #algotrading #quantitative #quant

What Percentage of Forex Traders Lose and Make Money (The 96% Myth Busted)Find out what are your chances to make money with forex and stock trading and which is the “riskiest” and which is the “safest” broker out there. For the first time in the history of trading, you get to know the real statistics of how many investors actually make money by trading CFD’s like forex, stocks etc.
One of the most popular questions bothering new forex traders has been “What percentage of forex traders make money?”, “How risky is forex trading?”. There was some speculation, but nobody had significant hard facts. Until now…
Most traders have heard the popular estimate that 96% to 99% of traders lose money. This figure has been circling around for many years, but it was more like a folk legend than a hard fact. There was some data from a couple of brokers, but it was not possible to get the results from all the market participants. But now the secret can be revealed thanks to the new regulations. .....
Continue reading at: http://forexillustrated.com/96-of-forex-traders-lose-money-the-myth-has-been-busted/
submitted by silahian to quant_hft [link] [comments]

New to Forex_Tips Subreddit?

Let's Get Straight To The Point -


WHAT IS THIS SUBREDDIT FOR?

HOW TO SPOT FOREX SCAMMERS/ FAKE FOREX GURUS -

TRADING MYTHS -



DEMO ACCOUNTS -

We will give you assistance on creating a realistic and completely free demo account in order for you to practice, many believe you shouldn't use a demo account for more than 6 months as it does not give you a real understanding of the market as there is no emotional fear of losing money, however, i strongly recommend using the demo account until you are confident and comfortable to trade the real market. (I traded a demo account for 2 years before i felt comfortable enough to live trade, however i did not have good learning material to speed up my progress)

WHEN AM I READY TO TRADE? -

IMPORTANT

The main reason for this Subreddit is to educate you on up to date tips, strategies and advice. Please understand that we are NOT your financial adviser and we are NOT here to tell you when to make trades. All of our trade signals are from correct and professional technical and fundamental analysis. No trading strategy has a 100% win rate and we hold no responsibility for any losses you may encounter. *FOLLOW OUR TRADES AT YOUR OWN RISK*
Stocks, Options, Binary options, Forex and Future trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary options or futures markets. Don't trade with money you can't afford to lose especially with leveraged instruments such as binary options trading, futures trading or Forex trading. This Subreddit is not an indication to Buy/Sell stocks, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Subreddit. The past performance of any trading system or methodology is not necessarily indicative of future results. You could lose all of your money fast due too: poor market trading conditions, mechanical error, emotional induced errors, news surprises and earnings releases just as well as grow your profits incredibly due to the same reasons.
submitted by Sweaty_V to Forex_Tips [link] [comments]

5 Forex trading Myths that may be holding you back ... 3 Myths About Forex Trading - What Everyone Should Know ... Forex Trading 10 minutes Myth Forex: The Myth of Stop Loss. Trade Compounding: Myths & Realities TRO TRADING MYTHS Trading Myths Debunked Trading Myths #1

Trading Myths: Conclusion. Trading the fraternity that thrives on rationality is plagued with myths and behavioral biases. When you cure one, another surface. So, be wary of it. Never let a belief enter your system which you can’t define, as it influences your trade decision as well. Hence, have an eye for detail and rationality. 5 Common Myths About Forex Trading. Like we said before, like any other trading, forex trading has its share of myths that can potentially affect anyone – novice or experienced, irrespective how long he/she has been trading. But, by the information, you can simply avoid these myths and develop your forex trading strategy myth-free. Below we’ve mentioned some popular common myths about ... FOREX Myths Don't Believe These FOREX Myths! 95% of traders lose when trading currencies and they don't need to – in many cases they believe various myths that are spread by vendors, using hyped advertising copy which appeals to greedy and naive traders to buy courses and FOREX trading systems, which simply don't work. Below you will find the six common myths that cause the bulk of currency ... There are a lot of Forex trading myths that are holding traders back. So in this post, I'm going to set the record straight on these topics and show you how these beliefs can prevent you from reaching your full potential. If you find yourself resisting strongly against any of these myths, then that is usually one of the big things that's holding you back. It may take some time for you to come ... Among trading myths in the forex market, this one is quite prevalent. Forex Trading Myth #3 – Forex Trades Cannot be Timed . This statement is mostly spread by advisors that have a vested interest in selling you market related products, since that is how they make their living. The reality of forex trading is somewhat different however, since a trader with a viable trading plan can time the ... And again this is just one of the myths in forex trading. The trader starts with a simple strategy and sees small results. This causes them to assume that if they consider a few more variables, this will increase profits. But the fact is usually not the case. Only professionals can make a profit . Although there are many forex traders who have success stories of forex trading that are widely ... Myths about Forex. As online Forex trading becomes more popular, it is getting cloaked in a wrap of some myths. Some of these myths are harmless, but some can be extremely dangerous to the beginning traders. To recognize such myths from reality is the basic condition of successful Forex trading. More than that, maybe after you learn about some Forex myths that they are really just myths you ... Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage ... Forex trading online has become more and more popular in recent years, due in large part to the popularity of stock trading on the internet.? But along with this popularity comes the inevitable hype, myths, and at times, complete untruths.??Here is the list of the most common Forex myths: The Most Harmful & Potentially Costly Forex Trading Myths. By. Forex Academy - 29 July, 2020. 28. 0. Facebook. Twitter. Pinterest. WhatsApp. Linkedin. ReddIt. Email. Print. Tumblr. Telegram. StumbleUpon. VK. Digg. LINE. Viber. As with anything in life, there are a number of different myths that have been created around trading, the thing about myths is that they are not real. A myth is defined ...

[index] [15779] [4908] [29647] [11885] [28047] [26850] [16635] [9105] [2909] [26227]

5 Forex trading Myths that may be holding you back ...

You may be executing in a way that is holding you back! 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://... Forex: The Myth of Stop Loss. Xtreme Trader. Loading... Unsubscribe from Xtreme Trader? ... Forex Trading TURN $40 INTO $300 😱 Forex Trading For Beginners 2020 - Duration: 21:13. Jeremy ... Earn While You Learn Forex Trading 💰 CLICK HERE: https://paulgfarmer.com/wintogether ⭐️Tools and Training I Use⭐️ Marketing System: https://leadsareflowing... It is time to start putting an end to trading myths. This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Is Forex Trading Profitable? Myths and Reality! 😶😎 - Duration: 5:20. UKspreadbetting 12,414 views. 5:20. Learn Forex Trading from a PROFESSIONAL FOREX TRADER - Duration: 10:49. ... The first trading myth vid shows that in trading risk and reward are positively correlated. How to GROW your FOREX account with COMPOUNDING! BONUS: Free MT4 Expert Advisor - Duration: 7:58. ForexSignals TV 40,129 views

http://binary-optiontrade.tiocedup.tk