Tuesday 17 December 2013

This does not work in Forex market

1-Following a Forex Robot with Simulated Gains- You can apparently achieve success
without any effort as promised by these. You are asked to accept their track records
simulated going backwards. Your equity will get destroyed by trying them.
2- Day trading and Scalping -Due to the random short term volatility, simply DOESN'T WORK.
Like the robots, even people selling these always have simulated track records.
3-If you try and use the fundamental rule of the share market – “buy low, sell high” – in Forex
trading, you’ll actually lose money. To understand you need to know how the system of support
and resistance works.The reason why this traditional wisdom is counterproductive in Forex trading is that if you actually
wait for prices to fall, you’re going to end up missing some of the best opportunities for making
money. Consider: when a currency starts to pick up, what are the chances of its pulling back?

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