It's true! Forget all the technical analysis and how to control your emotions ... and forget the conditions of money management and risk, rules and everything else is the reward that you think is important for forex trading.
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The simple fact is ... and that's what separates the great traders of the guru-something I can not trade because they learn ... each currency pair, each prize, and any order, the results of fundamental rights of the press releases.
Take two traders, who were both just beginners, how to start the course on Forex and learned the basics of negotiation. Both have made similar studies and history, and love of Commerce and their purposes in their lives until the end of their trade. Let's call them "John" and "Henry".
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John spends his time studying maps, he experiments with new indicators, new settings, and again the exchange of ideas. He obtained his emotions under control. But he never understood the fundamental factor in foreign exchange ... as a fact, he deliberately ignored the press releases, and it never makes the simple correction that his company is profitable.
John later in his life, the man whom you see often in discussion forums, online trading service (chat) room, placing some amazing trades, but never show it to you live can extract ... that is, if he even a real account at this point.
Henry, on the other hand, earlier I think there is more to currency trading, it is easy to see this picture. He can not understand the basic effects of a message to the world economy, but it's an easy game, as he leans on trade. Despite a warning from die-hard technical traders to ignore the message, he relies on his intuition and not what is right ... not what he said.
