5 Forex Currency Trading Myths
Posted on Aug 07, 2010 under Currency Trading Tool | No Comment
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If you read Forex forums, or articles dedicated to Forex, you will soon discover that there are things that doesn't quite click. And you are spot on - because, most likely, you've come upon one of Forex myths that are going around for ages, but simply aren't true, or even worse, if you apply them, you will lose your investment capital in Forex.
I actually have earned money in Forex, and not for one month using a trading robot. Instead, it was learning, and applying things I have learned first in demo account and then on a real account, patient, manual trading, taking only the best trades.
Here are top 5 myths I want you to be aware of.
1. 95% of people lose money in Forex and if you don't buy this robot X, you will be among them.
WRONG. On a couple of levels. First, I have yet to see a robot which is profitable over a long term. All of the robots I've seen have emptied one's account sooner or later. And whoever measured that 95%? Just that you know, it is …
Duration : 6 min 2 sec
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