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Old 09-07-2008, 03:25 PM
edacsac edacsac is offline
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Join Date: Jun 2008
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Very good post! Like it's been said before, some folks jump in thinking forex is an easy street to making a good living, and from the outside it might seem that way. This can create an oppourtunity for those more experienced and those able to create indicators to rake in some money. Thats capitalism I guess. Forex marketing is a huge business right now and people are constantly falling prey and paying money for systems that are based on fundementals, and failing because they haven't invested in learning. But if one hangs around long enough and really tries to learn how the market acts, it becomes apparent that you have much to understand before you will do well, no matter the system you use. In time you can be more successful than if you payed for a system. You can't use a system unless you understand how it works, how the indicators are calculated and what those indicators are telling you. Currency trading is very hands on no matter how much time you actually spend in front of your computer watching charts. If your going to make living from forex, then you need to invest the time to become good at it. Your not going to go to work every day and pay someone else to do your job.

I'm excluding TRO from my generalization of capitalistic folks, since I feel his indicator screen shots are more valuable as a visual learning aids then something I'd need to trade the market.
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