Pots of Gold the Foreign Exchange Way!

Pots of Gold the Foreign Exchange Way!

Pots of Gold the Foreign Exchange Way!

Unless you have been living under a rock you surely have witnessed television advertisements, web sites and trade journals that show you how to make a lot of cash. The placements that talk about how to make $X,XXX amount of cash in 6 weeks, the testimonials that say things similar to "thanks Bob for your indicator, I made $5,000 within five minutes with your system".

Remember the Famous Song - Don't Believe the Hype?

Don't tell me that you trust them? Been suckered in to getting a system that offered so much on the sales page simply to find that it just never performed as well in 'real life'? Have you purchased a 'proprietary' indicator only to find it did not deliver?

It doesn't matter where your life takes you, whatever you choose to do you won't be a success at it instantly unless you have a massive degree of luck. The game on the foreign exchange markets isn't different - it is advisable to be patient. Got the message? Patience, patience and even more patience.

Let me ask you this - why would someone sell you something for $97 which is guaranteed to make millions? It doesn't take you long to rack your brain to obtain a solution, you don't have to be a rocket scientist do you? Nobody of their right mind will sell you something for such a tiny sum of money IF it's guaranteed to make millions. All this can be, at the end of the day, is marketing hype and selling techniques at their best (or worse) and we have all, at some point in our lives, bought this stuff.

How Does This Help You in Your Trading Career

Straight off the bat it helps you NOT part with your cash on any system. You can get all the indicators and software to trade forex with for nothing, no cash, no empty promises. You can visit any good forex forum and find all of the metatrader indicators there. Heiken Ashi, Ichmoku and Kagi charts - absolutely everything and anything.There are also many systems for free but here's the thing - all you need to grasp is price action and dominant trend. I'm not saying 'don't use indicators' what I AM saying is understand price and how it reacts and key levels.

Take Time to Educate Yourself

You have to have some self belief and know you have the ability to educate yourself and be objective. Read a top notch book on forex and trading psychology which you'll easily get from a popular online store. Read the review sections and it is easy to identify which of them have stood the test of time. Similar to music artists - the top groups still sell CD's regardless that they may have disbanded years ago.

Don't hunt for a quick fix for forex riches - believe me there is not one. Patience is a virtue and you'll need to understand this.

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