FOREX MYTHS AND FACTS
1:Forex trading is the easiest way of making money.
Forex trading is neither the easiest way nor the toughest way of making money, only you can earn after you learn.
2:To make more money ,you have to trade more.
:With fixed and minimum no. of trades you can earn more, if and only if you have a good plan.
3:To earn more you need to invest more.
:If you have a good and time tested plan you can earn a lot with small money.
4;Using indicators,robots and signal service any one can earn money.
:No indicator or signal can give you perfect trend every time.
5:Using high margin gives more profit in short time.
:Using high margin must crash your a/c in long run.
6:To earn more ,you have to trade daily.
:To earn more you have to watch the market daily but should not trade daily.
7:Hold a losing trade long time, thinking the return of the price.
:There should be small and fixed stop loss and equal or higher take profit.
8:Every day you should close your trading with profit.
:Your profit target should be on monthly or quarterly basis not daily.
9:Trading doesn't need discipline or patience.
:Success in any field needs patience and discipline.
10:Learn from anyone to trade forex successfully.
:Only experienced and successful trader can teach any one to trade Forex.