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Friday, May 1, 2009

Money Can’t Buy Success


Money Can’t Buy Success

By now maybe you already spend few hundred or even thousand of dollars trying to hunt some holy grail of Trading, a perfect system that always win never loss through some secret e-Book, ultimate system or whatever that guys trying to sell you methods that will make rich. Most of these guys have never traded in their lives and rely on hyped exaggerated copy to sell their systems !

In fact you can’t buy success, success come from experience, blood, tears and pain. You know that old volks say about 95% of traders who lose are true because they believe that they can can predict the market and they wrong! This is a common myth and the bulk of novice traders think they have to predict where prices are going to succeed. In forex trading if you predict you are relying on hope or making a gambling decission, guess and the market will kill you. Never predict!
Don’t believe the scientific methods sold on the net because they simply don’t work, why they sell it if that a working system instead of using themself? If markets were mathematical scientific, we would all know the answer in advance and there would be no market. Trading to much also an element of fail, many traders simply think if their not trading their missing something but is not true. If you spend 10 hours a day or ten minutes, it doesn’t matter so long as your trading system are accurate.

The other common mistake of newbie trader was they believe that More Indicators equal with More Profits. The best forex trading systems are simple and robust, where a complicated trading system has more elements to break and it will fail. Keep in mind all the best forex trading system are simple, NOT Complicated

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