[B][I]1. All Brokers Are Not Equal[/I][/B]
Oh yea, you will find a lot of dishonest brokers.
[B][I]2. The Best Strategies Are Simple Strategies[/I][/B]
In my case it is true, I’ve tried a lot of sophisitcated things, but strategy that works is simple and was developed by myself.
[B][I]3. Overtrading Is a Recipe for Failure[/I][/B]
Of course, overtrading is when you don’t have a trading strategy, otherwise you would have wated for the next opportunity.
[B][I]4. 95% Of Forex Traders Lose Their Investments In The First 6 Months[/I][/B]
Probably even more than that
[B][I]5. Successful Traders Compound Small Gains[/I][/B]
It seems better to fix your profits as fast as possible rather than wait for a huge move that might never occur.
[B][I]6. Banks Control the Foreign Exchange Market[/I][/B]
Yep these guys control it and manipulate it as well
[B][I]7. The Highest Profits Are not in the Majors[/I][/B]
Although everyone trade major pairs, the highest profits might be in crosses or minor pairs… thats works for me
[B][I]8. Half of the Global Forex Market is traded in two countries[/I][/B]
Guess what countries
[B][I]9. Discipline Is a Trader’s Most Important Attribute[/I][/B]
Complete truth!!!
I have a solution for #9. I let the computer do my trading in a way of automating my trading system because it has no emotion and can follow instructions efficiently without worrying discipline at all.
