subject: Trading Forex: The Truths The Marketers Don't Tell You [print this page] Trading Forex: The Truths The Marketers Don't Tell You
When you decide you want to trade the Forex market, you do what most people do.You search the Internet for the right Forex trading solution.And in my opinion, this is the right thing to do. But there is a big problem that happens due to Forex marketing which can keep you from ever being successful.In this article I want to go over some unrealistic claims of Forex marketing and tell the truth about what it really takes to become a profitable Forex trader.
I want you to know from the beginning I am a big fan of marketing. How else are we going to find what we are looking for when we search for solutions to our problems? But the problem happens when marketers try to show products and services in their best light, often misrepresenting the truth about trading Forex and producing a false view.Adopting this false view and believing it to be true can hinder your quest to be a successful trader, or even keep you from ever reaching your goals.Therefore, we need to separate the truth from the marketing hype.
Many Forex products and services claim "there is no experience necessary" in order to appeal to the broadest market possible.But this really is not the case at all.Experience is as necessary in Forex trading as in most activities requiring skill, maybe even more so. Without experience, you are not going to be able to find theproper Forex trading solution for you personality, goals and trading style.Without experience, you are not going to be able to develop the skills essential to trade whatever system you are using successfully.So, the truth is, experience is definitely necessary!
Marketers say, "trading Forex is easy" because most people are inherently lazy and don't want to do anything where you have to work hard. I believe trading Forex is SIMPLE, but it is not easy.Learning "how" to trade Forex is pretty straightforward and can be learned by anyone with an average intelligence.However, making use of what you learn under live market conditions can be challenging and takes more practice than lazy people are willing to do. Truth be told, learning Forex IS easy compared to the effort it takes to develop the skills of a profitable trader.
Marketers often say, "it is not your fault" to all the people who have "tried" to trade Forex and failed.They want to get on your side by stating you have no fault in your failure and that it was the brokers, gurus and ironically enough, the shady marketers that are to blame. However, you are the only one responsible for your success, which makes you the only one responsible for your failure as well.You need to go through the simple process of learning a profitable system, and then the not-so-simple task of mastering the system by practicing and gaining REAL experience.The truth is, you probably didn't do enough to master ANY of the systems you've "tried" to trade, and therefore it IS your fault you have not succeeded yet.
With all that being said, the good news is trading Forex is definitely something you can do.But it is important to know the truth about the process of becoming a profitable trader. If you believe the marketers, you will have a false understanding of what it takes to become a profitable trader.Then you will endlessly chase down the next product or service promising you no experience necessary, easy profits and no responsibility in your own success. The truth is, you can learn to trade Forex and you can be profitable, if you are willing to put in the effort to avoid what the marketers are saying and go through a process of success
